Category Archives: Economic theory

Stay in the doughnut, not the hole: how to get out of the crisis with both our economy and environment intact

pxfuel, CC BY Warwick Smith, University of Melbourne Before the recession we were on a collision course with environmental disaster. The recovery provides a rare opportunity to do things differently; to rebuild a better economy that can support living standards … Continue reading

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To Fight The IMF’s Dire Prediction We Need More Government Debt – 10 daily

By Warwick Smith This article was first published on April 15 2020 at 10daily, which has since shut down. I’m reproducing it here now partly to keep a record in case the web site ceases to exist. Yesterday, the International … Continue reading

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A failure of collective intelligence

By Warwick Smith An essay I wrote has won second prize in New Philosopher magazine’s latest writer’s prize and has been published in the magazine. As I did with my last New Philosopher essay, I’ll probably publish this in another … Continue reading

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Labor wants to pay childcare wages itself. A perfect storm makes it not such a bad idea

This article was first published in The Conversation. Warwick Smith, University of Melbourne This article is part of an election series on wages, industrial relations, Labor and the union movement ahead of the 2019 federal election. You can read other … Continue reading

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Memories. In 1961 Labor promised to boost the deficit to fight unemployment. The promise won

  First published in The Conversation Arthur Caldwell almost defeated Robert Menzies in the poll in 1961, and won the debate about policy. National Archives, National Library of Australia, Wikimedia Warwick Smith, University of Melbourne Lately, governments and oppositions have … Continue reading

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Governments haven’t always shirked responsibility for our low wages – The Conversation

Post-war Australia experienced a boom with full employment and falling inequality. State Library of Queensland Warwick Smith, University of Melbourne For the last four years or so average wages in Australia have barely kept pace with inflation, meaning no real … Continue reading

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The budget is the greatest moral challenge of our time? Bollocks

  By Warwick Smith All the assertions in Malcolm Turnbull’s statement about the budget being a fundamental moral challenge are flawed. Let’s look at them one at a time This article was originally published in The Guardian. The prime minister, Malcolm … Continue reading

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2ser radio Sydney interview on the government’s PaTH internship program

I was on 2ser’s Sunday night program The Mix this week talking about the budget and, in particular, the government’s new Prepare-Trial-Hire (PaTH) program for youth unemployment. You can listen to the program on the link below. My contribution starts … Continue reading

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Malcolm Turnbull and the distraction of economic growth – Independent Australia

If we stop obsessing about economic growth and focus directly on our social aims then economic growth will take care of itself, writes economist Warwick Smith. First published at Independent Australia WHY ARE WE so consumed by the pursuit of economic … Continue reading

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