The ‘Creative Destruction’ of Capitalism

By David Hurley · May 18th, 2016

Joseph Schumpeter reluctantly offers a stark account of the future of capitalism. Alarmingly, Schumpeter’s thesis is looking increasingly accurate.

This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!

Game of Theories: John Nash and the Nash Equilibrium

By Justin Liu · 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.

Economics: an intro

By Alex Millmow · February 25th, 2016

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

By Charlie Mei · August 24th, 2015

Charlie Mei discusses the effects of the Black Death, and what it means for economies today.

The challenge of insignificance for climate change scientists

By Josh Brown · May 20th, 2015

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

By Elijah Lim · April 4th, 2015

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

By Annie Cao · March 28th, 2015

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?

By Marco Madzzar · March 26th, 2015

Marco Madzzar reflects on a new book by economist Richard Koo and its promise of resolving the economic malaise troubling the developed world.

Free market, free women?

By Christine Li · March 19th, 2015

Christine Li dissects the disparities in labour market outcomes between men and women.

Behavioural economics: a primer

By Guest · March 16th, 2015

The rational man is known well to any classical economist, writes Philip Grossman. But his devilish counterpart, the irrational man, is uncharted territory. Enter behavioural economics.

In defence of models

By Yannis Goutzamanis · March 11th, 2015

Perhaps not so glamorous as the ones on the runway, economic models often get a bad wrap. Yannis Goutzamanis analyses some well-known and much used models and gives his take.

Revisiting Gross Domestic Product

By Anisha Kidd · January 14th, 2015

Anisha Kidd asks why such an incomplete measurement of our progress as a people forms the centrepiece of our public sphere.