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Articles on Economists

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Massive gains in productivity haven’t led to more time free from work. J Studios/DigitalVision via Getty Images

Why is free time still so elusive?

In 1930, economist John Maynard Keynes famously predicted that within a century, the normal workweek would decrease to 15 hours. Why was he wrong?
Andrew Brimmer gets sworn in as a member of the Federal Reserve Board. President Lyndon Johnson, right, Brimmer’s wife and daughter look on. Robert L. Knudsen via Wikimedia Commons

Sudan’s war is wrecking a lot, including its central bank – a legacy of trailblazing African American economist and banker Andrew Brimmer

Andrew Brimmer, the first African American on the Board of Governors of the US Federal Reserve, helped develop the blueprint for the Central Bank of Sudan.
Photo ops of the world’s central bankers and finance ministers typically involve a woman or two surrounded by men, such as this image from the G-7 in Germany in 2015. AP Photo/Jens Meyer

Men don’t trust female central bankers on inflation or the economy, survey data shows

Men were significantly less likely to express confidence in the Federal Reserve and optimism about the economy when monetary policy information came from a woman versus a man.
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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