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Economic modelling

Analysis and Comment (5)

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Nobel Prize in Economics winners Christopher Sims and Thomas Sargent: in the neoclassic mold. AAP

Why does neoclassical thinking still dominate economics?

The Sveriges Riksbank’s Prize in Economic Sciences – or the Nobel prize in economics – awarded last week to Thomas Sargent and Christopher Sims– implicitly claims that economics is a science. But how…
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Joint Nobel Prize in Economics winners Christopher Sims and Thomas Sargent have contributed a body of work over decades. AAP

Economists' lifetime of work honoured with Nobel prize

Princeton University professor Christopher Sims and New York University economist Thomas Sargent have been jointly named the 2011 winners of the Nobel Prize in Economics (or, for the purists, the Sveriges…
Dataaddiction
Does the finance industry rely too heavily on contestable economic data? AAP

The problem with our economic data addiction

People who work in business and finance are obsessed with economic data releases – GDP growth figures, unemployment rates, trade statistics, and so on. Business journalists, investors, financial analysts…
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Big sporting events often make a loss, but the locals still enjoy the party. AFP/Franck Fife

What will the Rugby World Cup be worth to New Zealand?

RUGBY WORLD CUP – In the latest of The Conversation’s series on the Rugby World Cup, Massey University’s Sam Richardson looks at the costs and benefits to the host country New Zealand. New Zealand has…
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Would you behave differently if you knew when the crash was coming? Dave Hunt/AAP

Pop science: predicting the end of Australia’s property bubble

Economists and physicists may seem like unlikely bedfellows, but then opposites often attract. Their union has recently produced a peculiar baby, a field of research known as “econophysics”. Physicists…

Research and News (3)