Editor’s Picks – 24 August 2014

This week in Editor’s Picks, we discuss textbook pricing, the misunderstandings of economics in politics, Australia’s next recession and take a look at the economics of the United States as well as extra-terrestrial beings.

Why textbook cost so much – It’s Economics 101

Have you ever wondered why are textbooks so expensive? Textbooks are a topic that hit close to home for many students, teachers and academics alike, and we raise the important questions about the economics of their pricing and the ways in which you can get more for your money.

Why treasurers should go back to economics school – Geoff Harcourt

We hear from Geoff Harcourt, Professorial Fellow at UNSW Australia Business School, and his views on the government’s obsession with terms such as the deficit, tax, spending and borrowing. Harcourt brings to light the real truth about economics in politics to clear up the common misunderstandings proposed by some of our politicians.

Australia’s next doozy of a recession – Stephen Walters

In an age where anything can happen, Stephen Walters predicts what may be Australia’s next recession and its possible mitigating factors. Despite the growth of Australia’s economy for the past two decades and its steady rise, he considers our past recessions as attributes for the next recession, and the impact of other major economies around the world.

Where Are the Hardest Places to Live in the U.S.? – Alan Flippen

Alan Flippen reveals some of the hardest places to live in the United States, asking the important questions about the dynamic between the rich and the poor. By offering a state-by-state look at six key areas (education, income, unemployment, disability, life expectancy and obesity), he explores the controversial wealth gap and the different worlds people may live in despite being a part of the same country.

Iran Says ‘Tall, White’ Space Aliens Control America – Michael Peck

Space aliens? You might be wondering what space aliens have to do with economics, but Michael Peck looks past the humour of conspiracy theories and towards the relationship between Iran and the United States, as well as the influence of the government and its resources in each respective country.