Accessibility Tools

  • Content scaling 100%
  • Font size 100%
  • Line height 100%
  • Letter spacing 100%

Economics

Chronicles: On our troubled times by by Thomas Piketty, translated by Seth Ackerman

by
August 2016, no. 383

Thomas Piketty is of course the French economist who shot to fame, somewhat improbably, on the back of an 800-page tub thumper Capital in the Twenty-First Century ...

... (read more)

Visions of the future are always forged within a present. The Great Depression led sober economists to wonder whether capitalism and economic growth had come to an end. Golden Era economists of the 1950s and 1960s, confident they knew better, promised that the formula for permanent growth had been discovered. In the 1970s a combination of high inflation and unemploy ...

AUSTRALIA’S SECOND CHANCE by George Megalogenis & BALANCING ACT by George Megalogenis

by
May 2016, no. 381

Compared to the epic narratives of America and Europe, our story can seem rather unglamorous. Australia's 'tyranny of distance' from the seismic events of world history induces a vague sense that Australians labour under a certain tyranny of irrelevance. Perhaps we don't look hard enough to appreciate what is unique about our past. Or is is that our innate sense of ...

John Maynard Keynes has not lacked for biographers – about a dozen at last count. His first, his student Roy Harrod, established the framework of the public life, though providing only a sanitised version of the private Keynes. Donald Moggridge wrote the definitive account of the economic man, while Robert Skidelsky, with his three-volume work, John Maynard Ke ...

'Money is like poetry because both involve learning to communicate in a compressed language that packs a lot of meaning and consequence into the minimum semantic space.'  This comparison, coming from one of today's most strident critics of the capitalist system, British novelist

If free markets promote themselves as the most effective and efficient way of creating and sharing prosperity, then growing inequality has emerged as one of their deepest failings in the early part of this century. After all, how ‘effective’ is having ninety-nine per cent of the world’s wealth go to less than one per cent of its population? Is it ‘effi ...

Consider the following statements: unregulated markets achieve the best outcomes for society; ‘A rising tide lifts all boats’; government intervention, regulation, and redistribution damage economic growth; tax cuts for the rich are a reliable way to foster growth; financial market innovations create growth and benefit society. A ...

Writing an effective book on climate change is a challenge as diabolicalas it is important. The complexity of the science, economics, and politics is daunting. How to extract the diamonds lurking in the rough of the International Panel on Climate Change reports? How to balance the good cop, dishing out hope, with the bad, lashing the reader with honest accounts of p ...

It is now more than six years since the Global Financial Crisis threatened to topple the banking systems of the Western world. Although a complete breakdown in the financial system was ultimately avoided, one consequence of the events of 2008 has been the biggest slump in economic activity since the Great Depression. Australia was, in the main, spared the economic damage that ravaged large parts of Europe, and there has been little discussion in these parts of the causes and social effects of what the authors refer to as the ‘Great Recession’. Somewhat surprisingly, on the evidence presented in this book (and despite both the United States and the United Kingdom being severely affected) it would seem that the Anglosphere at large is guilty of what the authors call the ‘veil of complacency’. The book asserts that in those countries there is little concern for either the financial consequences or the victims of the crisis. Why should this be the case? Perhaps the Great Recession was not as bad as the headlines have suggested.

... (read more)

In the current fad for omnibus histories of absolutely everything, designed to replace ancient metaphysics, perhaps, or answer some marketing brainwave, no one has succeeded in quite the way Christine Kenneally has. She approaches her task with a very specific enquiry: what is the interplay between genetics and human history? Searching for an answer, she uncovers worlds within worlds.

... (read more)
Page 3 of 5