Friedrich von Hayek (1899 – 1992) was a Nobel-prize winning economist and one of the most influential thinkers in politics and economics of the 20th century. He is famous for his work on what is commonly referred to as supply side or Austrian Economics: an alternative to ‘mainstream’ Keynesian business cycle theory.
production
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Hollywood’s cinematic supremacy
ESSA pits Hollywood’s film industry performance against its great rival, Bollywood.
Australia’s fast fashion revolution
Danny Wang explores the implications of the fast fashion craze sweeping Australia, and the rest of the globe.
3D Printing – The next ‘revolution in manufacturing’?
Hailed by ‘The Economist’ as catalyst of ‘the third industrial revolution’, 3-D printing, also known as additive manufacturing, looks set to have a significant impact on manufacturing in the near future. What exactly is this technology, touted as the ‘next revolution in manufacturing’?
Globalisation
By Collin Li
My opinion is that globalisation is essential for dealing with poverty. While programs like World Vision’s Area Development Program may be helpful, I would argue they are only a small part of the effort in relieving poverty, because while the motive may seem more pure, it may be a smaller pool of energy to draw from. I would argue that the profit motive, provided by globalisation, has a far greater and wider appeal, as I believe people are inherently interested in their own well-being than others’.