It's a basic principle of tax design. Professor Garnaut said if you added up all of the opportunities for economic reform to reduce economic rents in Australia's economy, or to tax them efficiently and equitably, you'd have a "transformational economic reform program." To explain what they mean, they say Australia's states and territories could raise an extra $27 billion in …
Mainstream economics is in "disarray." The 78-year-old professor says he's recently been changing his mind about views he's long held and it's a "discomfiting process." He discusses why "mainstream economists" are viewed so poorly by the public these days and says the profession has become unmoored from its proper basis, "which is the study of human welfare." "Amartya Sen argues …
The latest unemployment numbers had a lot of us scratching our heads — economists, journalists, financial traders, possibly even the statisticians themselves. After more than a year of interest rate rises at the fastest pace in recent history, all while Australians hold more debt than they ever have before, employers added close to 76,000 extra staff pushing unemployment back down …
Have we wrapped our heads around multi-employer bargaining yet? And he summarised some of research findings, which I've copied below: Improving employment and wage distribution: A 2019 OECD report found that countries with multi-employer arrangements have "higher employment, lower unemployment, a better integration of vulnerable groups and less wage inequality" and more cooperative industrial relations than countries with single-employer bargaining …