The USSR and Barter Economy: How Pepsi Once Became the Sixth Largest Military in the World
In part two of this series, Phil concludes the discussion on the USSR’s exchange rate with a case study on Pepsi, warships, and comparative advantage.
politics
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Fuel to the fire: The economics (and politics) of petroleum
Fuel prices have been at the forefront of economic and policy discussion in recent days. How is that prices can shoot up practically overnight, but take months to recover? What can economic principles tell us about the petroleum industry? And what are the political implications? Join Max as he answers all of these questions in his latest article.
Black Wednesday: How one man broke the Bank of England
The British government devalued the pound sterling in 1991. As a result, one man made a profit of over $1 billion. Join Domenic as he discusses how George Soros became known as “the man who broke the Bank of England.”
Federal Budget Marks a Shift to the Left
The 2021 Budget marks a significant shift away from Liberal Government approaches in the past. Join Ezekiel, as he analyses the political and macroeconomic of this year’s budget and its implications for the future.
UBI: A Radical Fringe Theory or a Pragmatic Path Forward?
The promise of Universal Basic Income (UBI), as popularised by Andrew Yang’s 2020 US presidential candidacy, has been the subject of widespread debate in recent years. Join Henry, as he provides an insight into the rationale behind this lucrative concept in public policy, and discusses its potential implications for the Australian economy.
How much should politicians be paid? (Part 2 of 2)
After analysing the politics of developing countries, Hasitha Jayatilake directs his focus to the economics of paying politicians in developed countries.
How much should politicians be paid? (Part 1 of 2)
Are countries getting it right when it comes to politicians’ salaries? In this two-part series, Hasitha Jayatilake explores the merits to increasing pay and benefits for lawmakers.
#ESSADebate – Should Section 44 be amended?
The dual citizenship clause in the Australian Constitution has plunged Parliament into chaos recently, with the resignation of two Greens senators and the eligibility of many other MPs being brought into question. Kyneton Morris and Julia Pham go head to head in an #ESSADebate over whether Section 44(i) protects or hinders our democracy. Have a read and then vote for your favourite in our poll below, to crown the winner once and for all!
Why Australia won’t ‘pivot to China’
Charlie Lyons Jones explores why a ‘pivot’ to China is not on the cards for Australia, despite the increasing connections between the two states.
What’s all this bubble talk about?
Plenty of debate has surrounded whether Australia is experiencing a property boom or bubble. Solomon explores some key facts, statistics and policies.
Democracy: a drag on economic development?
We take it as a given that democracy and wealth go hand in hand. However, is this really as much of a truism as we think? Does democracy result in inefficiency and an unwillingness on the part of elected officials to make tough decisions? Quoc Anh Nguyen examines this difficult questions.
The Endorsement Game
In a politically polarised America where the major party nominees are widely resented, who have the influential chosen to back? Eddie Go dissects the strategies and rationale behind endorsing (or even shunning) a presidential contender.