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Category Archives: Economic theory
‘Venditio’ by John Locke
This hard to find short essay by John Locke is very surprising in its brief yet sophisticated thinking with respect to market prices and morality. I put it here mostly as a reference for others who may struggle to find … Continue reading
Posted in Economic theory, Political philosophy
Tagged ethics, John Locke, market economics
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Budget vision
By Warwick Smith No other event equals the release of a federal budget for a clear statement of what the government really intends for the country. Almost everything else they do is smoke and mirrors. The budget tells us who … Continue reading
Posted in Australian politics, Economic theory, Inequality, political economy
Tagged budget, Economic policy, inequality, politics
2 Comments
Great article by Tim Thornton in today’s Age on the problems with economics education
I couldn’t agree more with what Tim writes here. Having a background in science when I studied undergraduate economics at the University of Melbourne I was shocked by the uncritical adherence to flawed assumptions that was taught to undergraduates and … Continue reading
My Op-ed on productivity in today’s Canberra Times
Longer hours means lower productivity for the public service Originally published in The Canberra Times Date: May 6, 2014 Warwick Smith Job security in the public service is declining and conditions are under assault. Recently we’ve heard the federal government … Continue reading
Resource rent tax – radio interview
I recently appeared on “On the money” on 2ser in Sydney (and other stations around the country through the community radio network). I was explaining what a resource rent tax was and how it worked. As usual with this topic, … Continue reading
Op-ed in The Age: Treasurer’s agenda running out of truth
This article originally appeared in The Age. Treasurer’s agenda running out of truth by Warwick Smith Joe Hockey has been talking non-stop about how the country is running out of money for Medicare, for the ABC, for welfare and for … Continue reading
Addictive taxes, resources and gambling
I’ve written recently about the desirability of a resource rent tax for Australia. However, it’s not a simple issue and there are some potential pitfalls. Possibly the most important of these is the risk that governments will become addicted to … Continue reading
Posted in Economic theory, tax economics
Tagged Economic policy, environment, government, resource rent tax, taxation, taxation policy
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Want to be healthy, wealthy and wise? Pay more tax.
The consistently measured and sensible Ken Henry this week criticised both major parties for promising not to raise taxes. The Labor party has promised not to increase the total federal government tax take beyond 23.5% and the Coalition have promised … Continue reading
Posted in Economic theory, Land tax, tax economics
Tagged climate change, Ken Henry, tax to GDP ratio, taxation, wellbeing
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Land taxes are hard to avoid
This is the third of a series of posts providing extra information for an article in The Conversation about land taxes. Federal treasury just released a scoping paper on corporate taxation and have warned that they are basically impotent when … Continue reading
Land taxes reduce house prices and increase housing supply
This is the second of a series of posts providing extra information for an article in The Conversation about land taxes. Last year it was estimated that there were over 90,000 vacant houses in Melbourne alone that were not available … Continue reading
Reconstructing Economics 