economic growth

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Tech innovation is no panacea

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The rise of technology and talks of an ‘Ideas Boom’ sparks excitement for a new era of innovation. However, Taylor Nugent reveals why the tech industry may not be the most feasible platform to grow the economy.

Secular stagnation: looking to a gloomy future

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It is not an overstatement to describe economic growth in much of the developed world—especially in the US and Europe—as lacklustre. Since the Global Financial Crisis of 2007–8, growth rates have consistently remained below trend. Notably, this dilemma has persisted for the last 7 years, so it’s about time we better understand why growth hasn’t returned to its pre-crisis trajectory.

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The Marxist critique of capitalism: explained but not endorsed

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This article aims to provide a brief explanation of some of the key fallacies that Karl Marx observed as inherent in capitalism. The motivation to write this piece was not to endorse the subject matter, but was rather born from a proclivity to explore influential ideas. Before the concepts are presented, there are two important points to be made.

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Economic zoning – the way forward for Australian prosperity?

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This article forms part of an ongoing series looking at economic issues as Australia heads into the Federal Election. More coverage can be found on the Election 2013 page of ESSA’s website.

We are now in the second week of Australia’s (seemingly eternal) election campaign. One of the more interesting policies to emerge from the general ‘I-want-to-make-you-happy-with-money’ guff is Prime Minister Kevin Rudd’s proposal to separate some northern regions of the country into their own ‘economic zone’.

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