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Articles on Economists

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Dean Lewins/AAP

Open letter from 265 Australian economists: don’t sacrifice health for ‘the economy’

Leading Australian economists in four countries have signed an open letter calling on the national cabinet to think carefully before easing restrictions ‘for the sake of 'the economy’.
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. www.shutterstock.com

Economics needs to get real if we want more young Australians to study it

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.
Rapid rise of Australian house prices have created disagreement between economists on whether a housing bubble currently exists. Brian Birdwell/flickr

What economics has to say about housing bubbles

Economists struggle to agree on when and where housing bubbles occur, but bubbles all have similar characterisitics.
APRA and its chairman Wayne Bryes may be more prescriptive on lending rules in an attempt to curb rising house prices. Mich Tsikas/AAP

The APRA bandaid for the housing market is wearing off

The government’s unwillingness to consider changing the tax system to fix housing affordability, makes it more likely that APRA may have to become even more prescriptive with its lending criteria.

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