Oliver Hart and Bengt Holmström were awarded the 2016 Nobel Prize in Economics. Edmund Kemsley explains why.
They say a person will have multiple different jobs in their career. But how easy is it to switch into a new role, a new workplace, a new industry? How feasible is to discard your current skills and learn something completely new? Taylor Nugent explores.
After a dramatic 90 minutes of debate, millions of people were left reacting to a memorable tussle between Hillary Clinton and Donald Trump. Some of ESSA’s Staff of Writers have their say below.
A fiery first presidential debate has just concluded over in the United States. After 90 memorable minutes, Donald Trump and Hillary Clinton left the stage leaving millions with lots to consider. Tom Crowley provides his hot take on the debate.
Sky-high airfares: Eloise Hesse explores why flights still so expensive.
Australia is a democratic society, with liberal values at its bedrock. However, does legislation aimed at limiting hate speech go too far in restricting one’s right to free speech? Chris Kounelis makes the case for why Section 18C of the Racial Discrimination Act should be reformed.
We take it as a given that democracy and wealth go hand in hand. However, is this really as much of a truism as we think? Does democracy result in inefficiency and an unwillingness on the part of elected officials to make tough decisions? Quoc Anh Nguyen examines this difficult questions.
Extreme poverty has never been lower in the history of mankind. 135 billion USD is spent on official development aid every year. However, to eradicate extreme poverty, is the answer to simply increase aid? Fredrik Thor investigates.
From Netflix and Spotify to…Razors and iPhones? Solomon explores why the subscription business model is here to stay, and why this is good news for you as a consumer.
Should we give gifts? Justin Liu makes a compelling case for why we should not…
Is it time to abandon the age-old institution that has educated people for generations? Eddie Go considers the important role public libraries still have in the digital economy.
“Faster, Higher, Stronger”? Edmund Kemsley explains why hosting the 2016 Summer Olympic Games will not make the local and national economic prospects stronger in Brazil.
Sharing is an everyday phenomenon that we often take for granted. Lokuge explores the question of whether we are sharing efficiently.
Whenever a high profile event sells out, you can be sure that ticket scalpers are at work, endeavouring to make profits at the expense of those who missed out. Taylor Nugent explores why arbitrageurs succeed and explains the economics behind ticket scalping.
And the most liveable city in the world is… Eloise Hesse explores how Melbourne has once again topped the list of liveable cities and why the measure may not be all it seems.
Forget your hair. Forget your outfit. All the Commball prep you need to think about is right here. ESSA’s Commballnomics is back for another year.
Ahead of tonight’s big debate between Melbourne and Monash, Matt Lagamba weighs in on the universal basic income.
This year’s issue of Short Supply features articles about the history of economic thought, tracing the history and progress of economics through the work of nine different theorists.
Muffins or croissants? Pizza or pasta? Can’t decide? Louise Yun explores why.
Laura Foo takes a look at online auction platform, Akagu, to see whether its non-traditional auction style really does mean that you can score a fantastic deal on designer items.