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Recent Posts
- Dipping the Budget’s toe in the waters of wellbeing
- Chalmers hasn’t delivered a wellbeing budget, but it’s a step in the right direction
- Beyond GDP: Chalmers’ historic moment to build wellbeing
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Category Archives: Economic theory
RN Breakfast interview on stamp duties and land taxes
States try tax reform to fix housing affordability On RN Breakfast with Fran Kelly I was interviewed by Max Chalmers for this segment on RN Breakfast about the transfer from stamp duties to land tax that is happening in the … Continue reading
Posted in Economic theory, housing affordability, Land tax, radio
Tagged ABC Radio National, Economic policy, housing, land tax, taxation
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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
Posted in climate change, Economic theory
Tagged ABC News, Circular Economy, Doughnut Economics, The Conversation
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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. Update: the 10daily … Continue reading
Posted in Australian politics, Economic theory, Op-ed
Tagged 10daily, budget, deficit, fiscal policy, history, stimulus, unemployment
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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
Posted in Economic theory, philosophy of economics, Sustainability
Tagged climate, environment, New Philosopher, philosophy
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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
Posted in Australian politics, Economic theory, Gender
Tagged child care, employment, Federal election 2019, Free market, gender pay gap, Labor party, women
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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
Posted in Australian politics, Economic theory, Inequality, Political philosophy
Tagged budget, full employment, history, The Conversation
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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
Posted in Economic theory, Inequality
Tagged Australia, economic history, government, politics, unemployment, wages
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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
Posted in Australian politics, Economic theory
Tagged government budget, government debt, inequality, Malcolm Turnbull, The Guardian
1 Comment
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
Posted in Australian politics, Economic theory, Media appearance
Tagged 2ser, budget, budget 2016, Economic policy, politics, taxation
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Cabinet papers 1990: lessons from the recession we didn’t have to have – The Conversation
Warwick Smith, University of Melbourne Australia’s last formal recession ended in the September quarter of 1991. Once it sunk in that this was a serious economic downturn, treasurer Paul Keating famously referred to it as “the recession Australia had to … Continue reading