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.
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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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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.
As uncertain as 2019-20 is, The Conversation’s team of 20 leading economists are in broad agreement that the outlook isn’t good. Scott Morrison and Treasurer Josh Frydenberg will also have to deal with the unexpected.
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Peter Martin, Crawford School of Public Policy, Australian National University
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.
The Reserve Bank and government have the means to keep us from recession. They’ll need the will.
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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.
Treasurer Josh Frydenberg points to economic growth of just 1.8% at Wednesday’s parliament house press conference.
Lukas Coch/AAP
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.
Reserve Bank Governor Phi;lip Lowe will keep cutting rates until he has forced inflation up and unemployment down.
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Peter Martin, Crawford School of Public Policy, Australian National University
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.
We care about more than economics when it comes to the polling booth. So why don’t governments listen?
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Mike Salvaris, The University of Melbourne; Fiona Stanley, The University of Western Australia, and Kate Lycett, Murdoch Children's Research Institute
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?
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.
Tanzania’s capital, Dar es Salaam. The country is known for its budgetary problems.
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