To understand an economic reality where growth is increasingly more qualitative than quantitative and where environmental constraints need a careful understanding, economics needs a major overhaul.
More than good management and more than good luck, we've been blessed by delightfully fortunate timing.
Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
The Australian government's approach to economic growth is strictly conventional, and may be leading to the wrong policies.
Households are buying no more than they were a year ago, and the wage share of national income is the lowest since 1964.
Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
If breast milk was made in factories, we'd count it in the GDP.
Most of the gains from the record economy went to those at the top, while everyone else saw much smaller gains – if any – in income and wealth.
The Conversation's distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Happiness may well be a choice, but it is a difficult choice. And much that might make that choice a little easier depends on the choices of influential others.
We've two options of keeping ourselves out of recession, neither of them easy. The government will have to abandon its determination to get the budget into surplus.
It it wasn't for a surge in government spending economic growth would be extraordinarily weak. As it is, it's the weakest since the global financial crisis.
The Reserve Bank cut interest rates on Tuesday because we weren't spending or pushing up prices at the rate it wanted. On Wednesday we might find things are worse than it thought.
Countries around the world are taking society's happiness and well-being into account when formulating policy. So, why is Australia so focused on economics as the sole marker of progress?
Cyclone Idai hit poor countries the hardest and shows why disaster resilience is a necessity.
Economic growth should be reimagined not only at the macro level, but also at the micro, business level. Social enterprises offer new, collaborative approaches to growth that maximize societal impact.
Building a fiscally capable state won't bring benefits in the short term but can build taxpayers confidence.
The treasurer says 2018 was a year of two halves, but there were signs of a downturn well before mid year.
The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
The government collects reams of economic data that are vital to the functioning of companies, policymakers and even families.