Experience in Fiji shows that reducing working poverty requires not only a raise in the minimum wage, but a minimum set of government services and benefits.
- Associate Professor of Economics, Western Sydney University
Ongoing negotiations between Greece and the troika are likely to prove futile - what’s needed is a complete rethink of EU’s dualistic system.
A famed game theory parable involving mutually assured destruction explains the Greek debt crisis and could explain the outcome of the Greek referendum this Sunday.
Game theory - making the best decision based on predicting those of others - is connected with both poker and George Orwell.
Mindful of the short attention span of voters, Modi’s economic advisers have been careful to avoid selling economic policy as the answer to India’s problems.
Having secured a temporary debt deal, Greece must now come clean on the economic reforms it plans to get the country back on track.
Decades ago, before Yanis Varoufakis became the rock-star finance minister of Greece, he and I developed some game-theoretic models of macroeconomics. The gist of the work was this: for monetary authorities…
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