Articles on Economics

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Despite President Barack Obama’s charms, Australia must focus on China. AAP Image/ Scott Barbour

The US or China? Australia can’t afford to make mistakes

Australia’s recent fleeting love affair with President Barack Obama notwithstanding, Australia’s future lies with China and the North, not the Pacific and the East. This is not simply a matter of economics…
Nobel Prize in Economics winners Christopher Sims and Thomas Sargent: in the neoclassic mold. AAP

Why does neoclassical thinking still dominate economics?

The Sveriges Riksbank’s Prize in Economic Sciences - or the Nobel prize in economics - awarded last week to Thomas Sargent and Christopher Sims- implicitly claims that economics is a science. But how accurate…
Australia will have to try something new, and align itself more closely to Asia. AAP Image/Adam Gartrell

Is Australia ready for the ‘Asian century?’

AUSTRALIA IN ASIA: In the first of The Conversation’s series on Australia’s relations with Asia, Professor Tony Milner of the Australian National University examines whether we are prepared for the “Asian…
Big sporting events often make a loss, but the locals still enjoy the party. AFP/Franck Fife

What will the Rugby World Cup be worth to New Zealand?

RUGBY WORLD CUP – In the latest of The Conversation’s series on the Rugby World Cup, Massey University’s Sam Richardson looks at the costs and benefits to the host country New Zealand. New Zealand has…
Planting the idea: Opposition Leader Tony Abbott opposes a carbon tax. AAP Image/Julian Smith

Australia should delay a carbon tax until the rest of the world acts

The big question about the carbon tax is not whether it’s a good or a bad idea in theory. The major issue is whether it makes sense for Australia to implement it at a time of great uncertainty, both in…
Stock markets around the world plummeted after news of the US credit rating downgrade (EPA/FRANK RUMPENHORST)

Debt dive: why is the US at the mercy of anonymous credit agencies?

Without the firing of a single shot in anger, a country has been, at least in a sense, brought to its economic knees. The capitalist system, with variations and aberrations, is now reacting. Shares are…
Concerns have been raised over the levels of foreign investment in Australia, including in the mining sector AAP.

Should foreign investment rules be reviewed?

The purchase of 43 farms in northern NSW by a state-controlled Chinese mining company has prompted calls this week for tougher restrictions on foreign investment. Greens leader Bob Brown, independent Senator…
A carbon tax priced at $26 per tonne could raise $11.5 billion in the first year, said economist Ross Garnaut. AAP

Final Garnaut climate change review: the experts respond

Economist Professor Ross Garnaut has released his final report to the government on climate change and the economy. The report says global warming is expected to continue and estimates that a $26 per tonne…

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