Labor MP Daniel Mulino argues that the capacity of the state to undertake income redistribution has reached its limits, but that the need for social insurance continues to grow.
Amid the global threats posed by climate change, spiralling energy costs, insecure employment and widening inequality, the need to rethink our notion of progress is now an urgent priority.
Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.
Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.
Treasurer Jim Chalmers will tell parliament on Thursday that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
A 1972 report warned that unchecked consumption could crater the world economy by 2100. Fifty years and much debate later, can humanity innovate quickly enough to avoid that fate?
Other presidents used the Defense Production Act to boost fossil fuel supplies. Biden is now using it to boost clean energy. But just ramping up production isn’t enough to succeed.
The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.
A focus on raw intellectual talent may unintentionally create a cutthroat workplace culture. New research suggests women’s preference to avoid that environment may contribute to gender gaps in some fields.
Anthony Albanese will declare he would govern on the Hawke model of consensus, in a Wednesday economic speech that also directs a strong pitch to business.
Taxes are more than mandatory payments required by governments. Understanding the essential aspects of taxation can help prevent ethically and legally questionable taxes from being imposed.
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
Human behaviors shift. Policies change. New technology arrives and evolves. All those changes and more are hard to predict, and they affect tomorrow’s costs.