by Kosmas Tsokhas | Nov 2, 2018 | Issue 3, Journal, Papers, Volume 17
Finance now dominates everyday life in AustraliaIn an era when households have been incorporated into financial markets, it is said that they have the opportunity to acquire assets, which will appreciate in value and generate a yield or an income, whilst lines of...
by John Menadue | Nov 2, 2018 | Issue 3, Journal, Papers, Volume 17
In 1974, the Whitlam government decided to exclude dental care from Medicare for two reasons. The first was cost. The second was political in that Gough Whitlam felt that combatting the doctors would be hard enough without having to combat dentists as well. Forty-four...
by Jo Schofield | Jun 30, 2018 | Issue 2, Journal, Papers, Volume 17
Look around this room and imagine it represents Australia. Ask yourself: Why is it that one in four people here – in this room – are being paid the barest legal minimum? In many cases that’s Australians earning a wage of less than $700 a week. That’s 700 bucks a week...
by Anthony Albanese | Jun 22, 2018 | Issue 2, Journal, Papers, Volume 17
In his first speech to Parliament, my late friend and mentor Tom Uren spoke about his experiences as a former prisoner of the Japanese during World War II. He recounted his experience in an anecdote that is as powerful today as when he first delivered it. Tom said: In...
by Frank Stilwell | Jun 20, 2018 | Issue 2, Journal, Papers, Volume 17
Two weeks after the federal government’s budget is a good time to take stock of how it has been received. A lot of economic wisdom and some sharp critique has been evident in various articles by economic journalists and on the letters pages. A number of themes...
by Ronald Janssen | May 20, 2018 | Issue 2, Journal, Papers, Volume 17
An alternative economic narrative A picture can say more than a thousand words. This is certainly true for the set of graphs (see below) that the OECD published in its latest Economic Outlook, which show the rate of return on fixed assets—a proxy measure for the rate...
