Dr. Tanya Pennell
New research into how wasps divide up their jobs shows how economics can be key to understanding animal behaviour.
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Ridiculed and ignored in 2016, what can the ‘dismal science’ offer us now?
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A future of trade wars and isolationism will not solve the grand challenges which are dragging down fragile economies.
Australia should try be the first to negotiate a bilateral trade deal with the UK after Brexit.
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It seems in the current global turbulence multilateral trade deals are dead, long live bilateral agreements.
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The system is rigged for a small minority to profit, but are we brave enough to deploy the solutions that would work?
We need to account for the benefit we get from nature.
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When we don’t factor in the environment in our economic decision making, we aren’t getting an acurate picture of what’s happening. Australia needs to adopt more environmental economics.
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By focusing on forecasting issues, economists remain disengaged with real-world problems.
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The World Economic Forum draws a straight line from social injustice to many of the risks facing the world in 2017.
Finding a way forward.
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Searching for a sensitive route to the practical aftermath of tragedy.
An M-Pesa agent and mobile phone shop in Nairobi. A decade after it was introduced economic benefits are being felt.
EPA/Boniface Mwangi
M-PESA was launched nearly a decade ago in Kenya. New evidence suggests that the mobile money banking system has helped reduced poverty levels, particularly in households headed by women.
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A handful of our business economics writers share the favourite books they read this year.
Generations have differences but it’s the inequality within a generation that deserves more debate.
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The debate about different generations’ economic status misses the inequality within generations, especially younger Australians.
MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit.
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Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
Treasurer Scott Morrison is also a fan of charts.
AAP/Adrian Muscat
Economist Ross Guest unpacks some of the key numbers in the government’s mid year budget update, with seven charts.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened.
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While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
The world economy is inextricably linked with the US.
Tami Chappell/Reuters
A lot has changed in the global economy since the Federal Budget 2016.
Renowned economist Thomas Schelling celebrates winning the 2005 Nobel Prize in Economics.
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Nobel Prize winner Thomas Schelling will be recognised for his little-known comments that sparked behavioural economics.
Voters rejected Matteo Renzi’s referendum on constitutional reform, plunging Italy into political uncertainty.
Alessandro Garofalo/Reuters
The “no” result from Italy’s referendum is likely to brew political and economic uncertainty for some time yet.
Economics lecturers need to teach their students about more than just numbers.
Reuters/Philimon Bulawayo
In both the global North and South, economics tends to be taught with micro- and macroeconomic models that are disconnected from sociopolitical realities. We suggest new ways of teaching economics.
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Problems occur when a country falls in love with gold, and silver might be about to get a boost from proposed solutions.