Blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in 2010. The losses produced by polluting companies should cost as ‘negative’ for a country’s growth.
Reuters/US Coast Guard/Files
A new accounting system that goes beyond the capitalist understanding of value is bubbling under and could topple capitalism itself.
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Theresa May wants to rapidly increase the supply of affordable homes, but will have to tread carefully on Britain’s talismanic property wealth.
The crisis hit the high street bank in 2007.
Gareth Fuller/PA Archive/PA Images
The 2007-08 financial crisis affected the world’s advanced economies in profound ways and the ripple effects continue to today.
U.S. President Donald Trump enjoys some time in the cab of a mover truck parked at the White House in March when truckers and industry CEOs came for a discussion on health care.
(AP Photo/Andrew Harnik, File)
Mexico has traditionally been NAFTA’s biggest loser. But Canada is at risk if the U.S. gets its way in removing a dispute settlement mechanism from the deal in the upcoming NAFTA renegotiations.
Our national wellbeing probably peaked with Australia’s population at roughly 15 million in the 1970s, when this photo was taken in Hunters Hill, Sydney.
John Ward/flickr
Australia’s GPI, a broad measure of national wellbeing, has stalled since 1974. So what has been the point of huge population and GDP growth since then if we and our environment are no better off?
Unemployment is compounded by the prospect of automation replacing humans in production chains.
Reuters/Bobby Yip
Rethinking work is crucial for industrialised and emerging economies, where job losses are being felt even in the presence of substantial, although diminishing, economic growth.
Treasurer Scott Morrison called a press conference this week to comment on March-quarter GDP figures.
Mick Tsikas/AAP
Treasurer Scott Morrison says Australia will “grow into growth”. Global economic conditions suggest otherwise.
Australia would need to avoid consecutive quarters of negative real GDP growth until at least 2024 if it is truly to be able to claim this “world record” as its own.
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We shouldn’t be in the business of awarding ourselves prizes to which we’re not entitled.
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The climate crisis demands not only green technologies, but a completely different approach to economic development.
Ugandan worker picking tea as exports in the country grows.
Reuters/James Akena
Uganda needs to boost manufacturing and exports to realise the ambitions listed in its social and economic development plan.
GDP as a measure of growth fails to account for damages caused to the environment by industrial activity.
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Our approach to economic growth has done more harm than good and must be be replaced with more appropriate goals.
Gender income inequality in Australia is now considerably above the OECD average of 15.5%.
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A 10% reduction in gender income inequality can boost labour productivity by up to 3%, new analysis finds.
Fioramonti in Edinburgh.
South African economist is one of leading voices questioning the way we relate everything to a single statistic.
Ethiopia’s large young population could become an advantage if backed by appropriate policies.
REUTERS/Tiksa Negeri
Over 70% of Ethiopia’s population is under 30 years of age. This can be converted to economic muscle if policies are introduced to tackle the high unemployment levels in the country.
All of the increase in spending on social security and welfare is due to the introduction of the National Disability Insurance Scheme (NDIS).
Dan Peled/AAP
If you look at past budgets, the proposed cuts in social security programs are disproportionate to the amount the government spends.
No matter how hard we dig, the Earth’s resources are ultimately finite.
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Even supposedly “green” technologies such as renewable energy require materials, land and solar exposure and cannot grow indefinitely on this planet.
Pro-Trump supporters in Manhattan. The new US president appeals to many Americans marginalised by globalisation.
Reuters/Andrew Kelly
The world needs an alternative system, measuring economic value in face of the dissatisfaction that brought Donald Trump to the White House.
Was World Vision Australia chief advocate Tim Costello right to say that Australia’s foreign aid spending was at its highest under Menzies, at 0.5% of gross national income?
AAP Image/Royal Australian Air Force, CPL Jessica de Rouw
We check the facts on how Australia’s foreign aid spend has changed over time.
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Ridiculed and ignored in 2016, what can the ‘dismal science’ offer us now?
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.