If you were a powerful politician, there is a good chance you would make decisions that favour your mates.
- Co-Director, Wellbeing Program, London School of Economics and Political Science
There are things we can do, but the Economic Society’s poll finds that not all of them are part of the traditional economists’ toolkit.
A study tracks how well-connected land-owners have benefited from favourable rezoning decisions. So what’s the best way to crack down on these cosy relationships?
Should publicly funded institutes such as universities be allowed to make political donations?
Our policy-makers know perfectly well how to reduce inequality and tackle political favouritism. The question is, will this federal budget even try?
It makes sense for Australia to join Britain and New Zealand in the newly created AIIB, but it’s unlikely we will have any significant influence over the organisation.
Economists understand greed very well; after all, the urge to get rich is our discipline’s main explanation for human actions. Economists further recognise that greed can be good. When our greedy urges…
Australia’s key strategy to tackle climate change is looking shaky, after another price drop on the world’s biggest carbon market raised fresh doubts about the future of emissions trading schemes. In Europe…
Linking Australia to the European Union carbon emissions trading scheme by 2015 will undoubtedly affect the revenue gained from carbon trading. The question is, how much? One should expect up to 50% less…
People are at their happiest at retirement age and their most miserable in their geriatric years, according to a study we published recently in the Journal of Economic Behaviour and Organisation. Our findings…
The world is getting warmer and wetter, almost undoubtedly due to the fact that we are burning up fossil fuels at an incredible rate. While this change in our climate will lead to some positive opportunities…
The government’s position on climate change is now that it will pump $10 billion into particular projects and exact a minor tax on certain forms of electricity generation. The Coalition’s position is that…
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