The principles that drive financial markets emphasize short-term profits at the cost of long-term benefits.
Investors are increasingly concerned about climate change, but for the markets to deploy their full capacities, the dominant principles that guide them need to be revised.
YKK-brand zipper on a pair of jeans.
The humble zipper has some profound things to tell us about innovation, competitive advantage and international trade.
If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation.
For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
The authors of the book
The Making of Finance highlight the intellectual capture of the financial worlds.
Nothing has changed since the 2008 financial crisis. Orthodox theory continues to structure the entire financial industry, yet there is an urgent need to study the social and political nature of markets.
It's not a scam. It also won't make you fabulously wealthy. Initiative Q wants a stable private currency for payments processing rather than a vehicle for speculation.
Amazon has lifted its lowest pay rate to US$15 an hour.
Australia's unemployment rate may have to fall much more before we see any wages growth.
A cargo ship owned by Yang Ming departs New York harbor on April 9, 2018.
The economic theory of comparative cost advantage is more akin to natural law -- it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.
It all comes down to incentives and the size of parliament.
Our revolving door prime ministers are the result of the politicians being too responsive to what we think, and there being too few of them.
You may still feel losing a wallet more than finding it.
A new study claiming to debunk this core part of behavioural economics suggests we really need a new and improved model for loss aversion.
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth.
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers' wages are flatlining is ultimately bad news for economic growth and prosperity.
The treasurer referred to the A$13 billion “zombie” measures the Senate has failed to pass as a “Senate tax”, in justifying the tax increases in this budget.
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
It is an attractive proposition to say we would gain significant efficiencies if there were a limited number of major providers of government-funded human services.
If we continue to base our views of the charity sector on incorrect assumptions and perceptions we run the risk of doing considerable damage to a national asset.
Trying to answer policy questions with economics is bound to involve ideology.
Image sourced from www.shutterstock.com
Economics doesn't have all the answers – at least not for those looking to escape ideology.
The Reserve Bank, under Governor Philip Lowe, this week kept the cash rate at 1.5%.
It is a puzzle as to why businesses are reasonably confident but not willing to invest.
Money printing isn’t the answer to all economic problems.
Image sourced from Shutterstock.com
If it is so easy to fix a nation's economic ills -- just run the printing presses round the clock -- then why doesn't everyone do it?
Fighting it out.
Stefan Rousseau / PA Wire
Britain will continue negotiating the terms of its relationship with Europe, whatever the outcome of its referendum.
The Corbynomics of commuting.
The author of Corbynomics makes the case for studying 'real-world' economics.
It’s the technology highway which may drive economic growth.
In our first piece in a new series on economic theories that are changing the way we think, how is technology creating growth?
How can you tell if you’re getting a great deal or buying a lemon?
Asymmetric information -- where one party to a potential transaction knows more about the deal than the other -- can cause markets to collapse. Luckily, we've invented a few tricks to deal with it.
No Cable extension.
The dismal science has had a dismal verdict from the UK electorate, and the new government isn't coming to the rescue either.