economics Archives - Anthill Online
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In this week's interview, RMIT economist Steve Kates talks about the death of Keynesian economics. He shares the growing view that stimulus packages around the world have increased debt, have not reduced unemployment and have made the crisis worse. He warns that Australia will feel the impact over the next year when China starts unwinding its stimulus package.

In this week's overview of the economy, RMIT economist Sinclair Davidson voices the belief that Treasury chief Ken Henry is likely to be replaced, while Julia Gillard seeks new economic advisers. He says the Gillard Government will need to slash spending to bring about the budget surplus she says the government is committed to achieving.

Be it in good economic times or bad, interest rates dictate how we spend our lives. Or more importantly, how we spend. Period. For many of us, how they are determined and interpreted seems to be the work of economics wizards and the faceless gods at the top of banking towers.

Being a single industry economy is notoriously dangerous. And few countries understand this better than Iceland. Not wanting to remain in the doldrums, Iceland is trying to re-brand itself as a journalistic haven, centre of creativity and popular tourist destination. Cue cart-wheeling citizens.

Frank Lowy is now the richest man in Australia according to the BRW rich list. The property and mining sectors are the country's most profitable sectors. Meanwhile, more Australians are filing for bankruptcy because of unsustainable home loans. Garry Barker and Leon Gettler talk about 'The Week in Review'.

With recent focus on world events, many small- and medium-sized businesses in Australia are left wondering what these distant, foreign events mean to their business operations at home.

With recent focus on world events, many small- and medium-sized businesses in Australia are left wondering what these distant, foreign events mean to their business operations at home.

RMIT economist Sinclair Davidson talks about the latest employment figures, which look positive. He criticises the mining super tax, saying the government is all over the place on the issue and questions assertions in the Federal Budget that we are headed back for a surplus.

RMIT economist Sinclair Davidson talks about the latest employment figures, which look positive. He criticises the mining super tax, saying the government is all over the place on the issue and questions assertions in the Federal Budget that we are headed back for a surplus.

As a 'business' commentator, I won't pretend to know the ins-and-outs of the 'political' history or reasons for the conflict (that's background you can find elsewhere). But I would like to make some observations about business in Thailand and what we, as Australians, can learn from our neighbours in this Kingdom to our not-so-distant North.

From soccer to samba and Carnival to Copacabana, Brazil is seen as an exotic country of liberal excess and partying. However, beyond the beaches and the tourist hedonism, Brazil’s most promising leader to date, President Lula da Silva, has been powering on with economic reform and international strategic alliances that have seen the country emerge relatively unscathed from the GFC. Tim Harcourt reports what this means for the future and where trade with Australia may fit into Brazil’s promising economic outlook.

If you have 49 minutes to spare and would like to brush up on your economic theory, this presentation by Thomas E. Woods, Jr., hosted by the Ludwig von Mises Institute, not only summarises the events leading up the the Great Depression of the 1920s but offers salient points that are equally applicable to our current economic climes.

If you have 49 minutes to spare and would like to brush up on your economic theory, this presentation by Thomas E. Woods, Jr., hosted by the Ludwig von Mises Institute, not only summarises the events leading up the the Great Depression of the 1920s but offers salient points that are equally applicable to our current economic climes.

Foreign investment and domestic jobs have been inextricably linked since Australia’s convict days. Austrade’s Chief Economist Tim Harcourt explains.

How is the media handling the digital ecosphere? Matthew da Silva discussed the view from the wall with key players in attendance at last month’s Media 2010 conference, a Sydney ideas forum sponsored by Fairfax Digital.

In this 'rap off' between two of the history's most influential economic minds, you'll find John Meynard Keynes throwing back Cosmopolitans in an effort to explain the value of stimulus spending. If only K Rudd had tried to articulate this important economic theory from the VIP section of a Manhattan 'gentlemen's club', he wouldn't have encountered nearly so much opposition.

According to Dun & Bradstreet's (D&B) latest trade payments analysis, the payment terms of Australian firms have declined for the second consecutive quarter. A fall of three days since the previous quarter and 5.6 days in the past six months has reduced terms to 51.8 days – just above pre-crisis levels.

According to Dun & Bradstreet's (D&B) latest trade payments analysis, the payment terms of Australian firms have declined for the second consecutive quarter. A fall of three days since the previous quarter and 5.6 days in the past six months has reduced terms to 51.8 days – just above pre-crisis levels.

Economics is one of the more complex academic subjects. So imagine trying to summarise the past 350 years of it into one 50 minute lecture.

So how did 'The Great Recession' on Monday become "The Great Recovery' by Friday? Well it didn't, but in between the beginning and end of the week, we did have a remarkable run of good data to boost our spirits (such evidence is now better known as 'green shoots' after US Federal Reserve Chairman Ben Bernanke used the term to describe a positive run of data showing signs of a possible recovery).

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