Competition in the marketplace for ideas is different to competition in the market for ordinary goods and services. Bad ideas don't necessarily get trashed.
Grocery workers have been essential during the pandemic. so should we be paying them more?
Rob Kim/Getty Images)
After the pandemic is over, grocery workers and nurses will still be essential. But will they be paid any better?
Wind turbines are slowly replacing coal plants in Germany, an industrial powerhouse with a conservative government and a strong climate agenda.
Conservatives worldwide favor carbon pricing, cap-and-trade systems and other innovative environmental plans – just not in the United States.
Carbon pricing is the most market-based means of addressing the climate crisis, yet it is strongly opposed by politicians that claim to support free markets.
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.
A worker answers a telephone in the office of pro-Brexit group Leave.EU in London, February 2016.
The history of Britain's vote to exit from the European Union, known as Brexit, is not a tale of populist resentment toward globalization. It is a top-down story of leaders and elite ideology.
The HECS system is a hybrid policy approach that ensures Australian universities remain accessible while funding remains sustainable.
From the 20th-century process of policy trial and error, the nations that married the strengths of markets and government came out ahead.
Surprisingly, the places with the most competition have seen some of the biggest price rises.
AAP Image/Julian Smith
Electricity retailers need to make their prices and offers more transparent and easier for customers to understand, or risk having to submit to price regulation to drive down bills.
New minister for industry, innovation and science, Arthur Sinodinos, is fond of the term innovation.
New minister Arthur Sinodinos seems all for the innovation catch-cry but perhaps it's time he dropped it.
The United States and Australia should abandon the TPP and focus their efforts on trade deals that take a prudent approach to market access.
The United States and other countries are right to reject the TPP, but President-elect Donald Trump's claims about it are misguided.
Libertarian candidate for president Gary Johnson.
Jay Westcott/via AP
Are the Libertarians a viable alternative to Hillary Clinton or Donald Trump? A political philosopher who studies economic justice looks at the platform.
Talking tough against privilege.
Chris Radburn / PA Wire
May's plans to transform business are more radical than they first appear.
Demoted to the background by benign automation?
EPA/JUAN CARLOS HIDALGO
A Brave New World of worklessness and a universal wage is attracting advocates across the political spectrum.
Sartre could probably resist, unless he was hungry.
Cinnabons via www.shutterstock.com
The best guard against a free market's downsides and consumer culture is for individual consumers to take responsibility for their choices.
There’s a reason they call them ‘impulse purchases.’
While free markets have delivered benefits, they also prey on our weaknesses, tempting us to buy things that are bad for us, be it sweet candy or sour investments.
Lower Falls of the Yellowstone River, protected as the world’s first national park in 1872. But how do we best protect nature in the future?
You can't simply 'value' nature as though it were a commodity able to be bought and sold.
When the global economy runs on bubbles.
In the shadow of a history-repeating Black Monday, it’s useful to step back and ask how we got here again.
The Productivity Commission’s report on childcare will help inform the Abbott government’s soon-to-be-unveiled ‘families package’.
Many of the Productivity Commission's proposals derive from assumptions that the funding of these services should ensure minimal interference, with a classic, market-based model for meeting "demand".
Every angle covered.
If you want to know why we in the UK see more security cameras on street corners than other nations, and why politicians are fending off accusations of spying on their own citizens, then turn your eyes…
An IEA legacy on the stairs at 10 Downing Street?
The Prime Minister's Office
The Institute of Economic Affairs (IEA) is enjoying another moment in the sun. Australian politics is starting to move to the beat of its drum as Treasurer Joe Hockey talks about an “end to the age of…