economics
The death of Keynesian economics: How government stimulus could hurt Australia
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.
Treasury chief Ken Henry should be replaced, while Gillard seeks new economic advisers
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.
Navigating the dark waters of interest rates — what does it all really mean?
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.
Iceland: From boom to bust to haven to where-the-bloody-hell-are-you?
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.
Australian wages are expected to grow, yet more Australians are filing for bankruptcy [PODCAST]
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’.
It’s all Greek to me: How world events affect Australian small business budgets
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.
The budget, the mining tax, falling shares… why is the government “all over the place”? [PODCAST]
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.
What I learned about creativity from two weeks in Thailand (amid the chaos)
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 Rio to Freo: are we going nuts for Brazil?
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.
Why You’ve Never Heard of the Great Depression of 1920
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.
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