Economic History
America, land of liberty? Part I: The New Deal and the Four Freedoms
In this three-part series, Yaz Naji traces how the idea of freedom in the United States has shaped its economic policy from the Great Depression to modern times. Part I explores the legacy of Franklin Roosevelt in shaping American concepts of positive freedom.
Short Supply 2016
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.
Why lemons don’t always make lemonade: The importance of information asymmetry
Is perfect completion feasible in a world where there is imperfect knowledge? Edmund Kemsley explores how information asymmetry can lead to market degradation and, in extreme cases, failure.
The Economics of Beauty and Discrimination
‘Suvi Lokuge investigates whether it pays to be pretty.’
The ‘Creative Destruction’ of Capitalism
Joseph Schumpeter reluctantly offers a stark account of the future of capitalism. Alarmingly, Schumpeter’s thesis is looking increasingly accurate.
Game of Theories: John Nash and the Nash Equilibrium
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.
Economics: an intro
Alex Millmow, Professor in Economics at Federation University, provides new students and those returning to their studies in economics with some valuable advice, as well as a reflection on how the way the teaching of economics has changed in the past four decades.
A slow crawl up from death
Charlie Mei discusses the effects of the Black Death, and what it means for economies today.
The challenge of insignificance for climate change scientists
At what point does rational debate turn irrational? Josh Brown examines how individual incentives are distorting rational arguments on climate change policy.
The Hanseatic League
Elijah takes us to Hamburg and reflects on the city’s heritage as a flourishing centre of the Hanseatic League.
The battle of the sexes
Females tend to be the better performers in school. So why aren’t they as numerous in the archetypal careers of success?
Balance sheet recessions: another economic fallacy?
Marco Madzzar reflects on a new book by economist Richard Koo and its promise of resolving the economic malaise troubling the developed world.
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Copyright © 2016, The Economics Student Society of Australia.