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Articles on free markets

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Wind turbines are slowly replacing coal plants in Germany, an industrial powerhouse with a conservative government and a strong climate agenda. Reuters/Pawel Kopczynski

Market-based policies work to fight climate change, from India to Jamaica

Conservatives worldwide favor carbon pricing, cap-and-trade systems and other innovative environmental plans – just not in the United States.
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.
A worker answers a telephone in the office of pro-Brexit group Leave.EU in London, February 2016. REUTERS/Neil Hall

Brexit rooted more in elite politics than mass resentment

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. Dean Lewins/AAP

Market v government? In fact, hybrid policy is the best fit for the 21st century

From the 20th-century process of policy trial and error, the nations that married the strengths of markets and government came out ahead.
The United States and Australia should abandon the TPP and focus their efforts on trade deals that take a prudent approach to market access. Mark Kauzlarich/Reuters

Why Trump is right, and wrong, about killing off the TPP

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

Libertarian economics: A philosophical critique

Are the Libertarians a viable alternative to Hillary Clinton or Donald Trump? A political philosopher who studies economic justice looks at the platform.
There’s a reason they call them ‘impulse purchases.’ frankieleon/Flickr

The dark side of free markets

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.
The Productivity Commission’s report on childcare will help inform the Abbott government’s soon-to-be-unveiled ‘families package’. AAP/Paul Miller

Productivity Commission childcare report shows blind faith in market

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".

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