ESSA

ESSA

Justin Liu

Justin Liu

A clash between ethics and the market: price gouging and Hurricane Harvey

By · September 8th, 2017

Hurricane Harvey has wreaked havoc across the Southern United States, causing severe flooding and breakdowns in all sorts of essential infrastructure such as transport and communication. At some point, there seems to have been an erosion of the unwritten rules that form our social norms, and at the surface, it can appear that there are profiteers seeking to make a quick buck out of the desperate – price gouging.

Risky business: the free insurance provided to banks

By · May 20th, 2017

It’s often disappointing to see governments bailing out financial institutions. “Let them fail!”, the public cries out. However, is this alternative any better? Moral hazard explores the consequences of banks knowing they can get away scot-free if things go belly up.
This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!

Why you can’t fix Monash’s parking mess with just more parking

By · April 26th, 2017

Parking at Monash is terrible, but it’s not because the administration hates you. Justin Liu explains why there’s literally nothing anyone can do about it.

Stop making fun of me for drinking Coke Zero.

By · March 31st, 2017

Enough is enough. Stop judging me for ordering Coke Zero with everything, stop telling me that it’s bad for me. Justin Liu defends his favourite beverage from the naysayers and haters out there.


Uber is problematic – but you’ll keep using it anyway

By · March 1st, 2017

Uber is practically a staple of modern transport, but its meteoric rise has come at a cost.

No More Gifts

By · September 9th, 2016

Should we give gifts? Justin Liu makes a compelling case for why we should not…

Election 2016: Budget Overview

By · July 2nd, 2016

Too often, the ALP and Liberal Party pit themselves against each other, denouncing each others policies and arguing that their own are superior. ESSA’s Justin Liu digs deeper and uncovers some significant similarities in their policies.

Game of Theories: John Nash and the Nash Equilibrium

By · April 20th, 2016

Game theory is used everywhere today, but few people could have guessed that John Nash’s theories could be so universally applied. Justin Liu reiterates the importance of theory in a modern context.


Taylor Swift isn’t your average monopolist: Part 2

By · September 17th, 2015

Has Taylor Swift used her market power in the music industry for good or evil? Justin Liu reveals.

Taylor Swift isn’t your average monopolist: Part 1

By · September 15th, 2015

Justin Liu sets the scene for Taylor Swift’s ascendancy over the music industry.

When foreign aid does more harm than good

By · July 2nd, 2015

Justin Liu contemplates a scenario where foreign aid produces counterintuitive effects.

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