Both market-based and centrally planned economies went down the inevitable path of industrialisation during the 20th century. Emily Vuong reflects on the unique experiences of Japan and China.
First the free market. Then Enron. Then the GFC. Is the market inherently immoral?
Philip O’Riordan examines the economic rationale behind prize-linked savings accounts.
Matthew Vethecan explores Angus Deaton’s new book, The Great Escape, which tells the story of how most of mankind’s escape to affluence has left some behind, and what we should do to help.
Monopolies so often get away with price gouging their customers. Examples are all around us and one particular instance seems to go beyond simply prices. Lachlan Walden investigates.
Elijah discusses the Puritan settlement of New England and how it was the ideal environment for the development of a new secular, capitalist ethic.
This first instalment in Alice He’s series enlightens readers on a system of geographical division and hence inequality that exists in China today.
A radical interpretation of a standard debt clause by the New York Courts threatens to undermine sovereign debt restructuring worldwide.
Stephanie Gale explains the Federal Government’s inquiry into the banking system, including its terms of reference, reactions and its potential to change Australia’s banking environment as we know it.
Dr Mike Pottenger explains the utility of the skills to be learned from the compulsory first-year statistics unit, in the context of a zombie apocalypse.
Joey Moloney tells the story of Joseph Stalin’s attempts at rapid industrialisation in the pre-World War II era.
John Lodewijks details the benefits of learning about economic history and its importance to the success of economists, present and future.
Emily Vuong presents a scathing evaluation of the predominant free-market ideology.
Jessica Stone holistically examines the cause, development and impact of the EU crisis.
Aristidi Armstrong makes the case for governments keeping their decision making free of religious influences – the economy will thank them for it!
Do you possess an insatiable thirst for knowledge? Mike Pottenger recounts his journey to becoming an academic and shares a few valuable pointers for anyone considering doing the same.
Is the economist’s astute (and sometimes uncharitable) nature born or bred? Professor Stephen King explains.
ESSA’s first infographic explores automotive manufacturing following the recent closure announcements by Toyota and Holden.
Rob Brooker tells the story of mega projects, engineering construction works and private sector labour. How will the mining investment saga end?
Most of Washington’s economic debate is over the long-standing budget deficit and the national debt, when the focus for policymakers should be on the long-term crisis in unemployment.