Is the UK economy booming or are the statistics being twisted out of shape by the shuffling of gold bullion?
Prime Minister Justin Trudeau meets with the United Nations High Commissioner for Human Rights, Michelle Bachelet, in Ottawa in June 2019.
THE CANADIAN PRESS/Sean Kilpatrick
To bring about genuine change, middle-power countries like Canada must adopt a leadership role in pursuing an ethical agenda to ensure the security and survival of humanity.
Is Canada ready to lead?
An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.
The Wuhan Jinyintan hospital is bearing the brunt. Based on what we know so far, the economic impact will be limited.
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Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s 2020 economic survey points to a dismal year, with no progress on many of the key measures that matter for Australians and an increase in the unemployment rate.
It is possible to calculate the impact impact of fires, but not using GDP.
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Some households have shared disproportionately in the growing national wealth, but GNP fails to reflect the disparity in gains across economic groups.
Treasurer Frydenberg says he is not worried that we are saving rather than spending our budget tax cuts. His goal was merely to “put more money in pockets”.
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Peter Martin, Crawford School of Public Policy, Australian National University
Spending growth has fallen to financial crisis lows. Per person, economic growth and spending has gone backwards. Josh Frydenberg isn’t ruling out action in the pre-Christmas budget update.
Societies have much to learn from the pursuit of happiness on an individual level.
Australia could achieve higher economic growth through more population growth and lower taxes, but at the expense of equality, fairness and the environment.
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William Nordhaus’ predictions of what the climate crisis will cost the earth are dangerously at odds with climate science.
The time has come to accept that energy corridors and fossil fuel exports will be a declining feature of Canada’s economic future.
THE CANADIAN PRESS/Jeff McIntosh
In the aftermath of the election, what is striking about many of the policy positions of Canada’s federal parties is their timidity, especially when it comes to climate change.
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.
We’ve entered out 29th year of uninterpreted economic growth. Continued good fortune will require harder decisions.
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