Economics has led to an explosion in three point shooting in the NBA. AAP

How and why economics is taking over sports

Why are NBA players taking more three pointers, baseball pitchers throwing slower, and soccer player salaries skyrocketing? It all comes down to the economics of sport.
Australia should be careful in accusing China of dumping steel into the local market, as the definitions of dumping and the tariffs on this practise have changed to suit governments in the past. Linfeng/EPA

Whether China is dumping steel in Australia under the ‘market economy’ label is very subjective

Governments have been known to change the definition of anti-dumping tariffs to suit their needs, so accusations of steel dumping from China are still quite subjective.
Image sourced from Shutterstock.com

Summer reading guide from The Conversation’s economists

Challenging, inspiring and funny: a handful of our economics writers share the favourite books they read this year.
Could a Turnbull-Abbott partnership be the circuit breaker the government needs? Lukas Coch/AAP

Is it time for Treasurer Malcolm Turnbull?

In the wake of Monday’s attempted Liberal leadership spill, Australian Prime Minister Tony Abbott clearly needs to do something to shore up support. He’s been offered all manner of unsolicited advice…
Before the Asian Century, it was Gough Whitlam that gave Australians the confidence to enhance their place in the world. Alan Porritt/AAP

Tim Harcourt: thanks for the confidence Gough

“Where were you when Gough was sacked?” This of course refers to Remembrance Day, 11 November, 1975, when the elected prime minister Gough Whitlam was sacked by Governor-General Sir John Kerr in cahoots…
In the same week Australian Prime Minister Tony Abbott is to visit India, Indian PM Modi has visited Japan. Toru Hanai/EPA/AAP

Abbott in India: the Asian Century won’t be all about China

Despite recent slumps in economic growth (now at just over 5.4% compared to 10.3% in 2010), former Indian Prime Minister Manmohan Singh this year handed the new Prime Minister Narendra Modi a much more…
Australia’s trade relationship with Russia looked better in 2007. Dean Lewins/AAP

Tough talk but little to lose on Russian trade sanctions

Poke a Russian bear with a stick and he will retaliate. That’s the lesson facing Australian exporters today. When Australia announced it would join the United States and Europe in placing trade sanctions…
Australia’s free trade agreement with Japan has benefits outside the agricultural sectors. Kimimasa Mayama/AAP

FTA opens Japanese doors for Australian business

When Japanese Prime Minister Shinzo Abe arrives in Australia to talk trade and investment in Canberra and sign a free trade agreement between the two countries, it will kickstart a relationship first formed…
India and the Philippines want to be known for more than their global call centres. Shutterstock.com

Call centres and compromise: the changing face of outsourcing

When Qantas wished to outsource some of its engineering operations in the 1990s it came to a compromise with the unions - the 767s would be done in-house, and the 747s outsourced. Decades on, clashes between…
The G20 Finance Ministers and Central Bank Governors Meeting concluded with a growth ‘aim’ of 2% above current projections over five years. AAP/Jason Reed

G20 finance ministers agree to growth target: experts react

The G20 finance ministers, who have been meeting in Sydney this weekend, say economic grow is still below the rate needed to get people back into jobs. In a statement released at the conclusion of talks…
Australians have combined the right to “have a go” with the egalitarian capacity for the “fair go”. AAP

Rupert Murdoch, economic disruption and Australian values

In Rupert Murdoch’s fly-in, fly-out visit to speak at the 2013 Annual Lowy Institute Lecture he paid tribute to some traditional Australian values and attributed our success to a number of factors. Murdoch…

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