Pitch Engine
The Times Real Estate

.

With conventional wisdom, answers to our economic malaise are in short supply

  • Written by Graham White, Associate Professor, School of Economics, University of Sydney
With conventional wisdom, answers to our economic malaise are in short supplyStandard economics says a lot about what's possible, less about what we will actually do.Shutterstock

What comes first: the chicken or the egg?

Economists ask a slightly different question regarding economic growth (usually measured as growth in gross domestic product). Does supply or demand come first?

A week before yesterday’s news that...

Read more: With conventional wisdom, answers to our economic malaise are in short supply

More Articles ...

  1. Why we've the weakest economy since the global financial crisis, with few clear ways out
  2. Agriculture a likely stumbling block in free trade negotiations between NZ and EU
  3. Health and sustainability market could be worth $25 billion to Australian producers by 2030
  4. After 44 years of deficits, we've a current account surplus. What went so right?
  5. Not so bad. Most of us who work long hours like the jobs we are in. Those who don't, change jobs quickly
  6. What it takes to navigate cultural differences in a global business world
  7. How to get people to eat bugs and drink sewage
  8. Father's days: increasing the 'daddy quota' in parental leave makes everyone happier
  9. Vital Signs. Business investment is flatlining, and it isn't clear that suasion or a special allowance will help
  10. It's not just the ABS. It's also the Productivity Commission downplaying the growth in inequality
  11. Militant unionists are striking out: here are 4 things unions can do to stay relevant
  12. Why BP is getting into bed with David Jones. The promising marriage of petrol and gourmet food
  13. Lachlan Murdoch and scores of other business chiefs want to put people before profits? Really?
  14. Shoving a sock in it is not the answer. Have advertisers called time on Alan Jones?
  15. Lunch with bankers. Even they're unimpressed with their new Banking Code of Conduct
  16. Tim Fischer had his blind spots, but he was an unsung champion of an Asian-facing Australia
  17. Four home traps that contribute to the gender pay gap
  18. Vital Signs: economically, Australia is at risk of becoming Germany, and not in a good way
  19. India has it right: nations either aim for the Moon or get left behind in the space economy
  20. NZ workplace study shows more than quarter of employees feel depressed much of the time
  21. What the Bureau of Statistics didn't highlight: our continuing upward redistribution of wealth
  22. Rethink inheritances. These days they no longer help the young, they go to the already middle-aged
  23. For the first time in centuries, we're setting up a generation to be worse off than the one before it
  24. What is an inverted yield curve? Why is it panicking markets, and why is there talk of recession?
  25. Grattan on Friday: How 'guaranteed' is a rise in the superannuation guarantee?
  26. Vital Signs: Amid talk of recessions, our progress on wages and unemployment is almost non-existent
  27. Australia's tax office can use global data leaks to pursue multinationals, High Court rules
  28. Hong Kong fears losing its rule of law; the rest of the world should worry too
  29. Adani beware: coal is on the road to becoming completely uninsurable
  30. How to spot a fake review: you're probably worse at it than you realise
  31. RBA update: Governor Lowe points to even lower rates
  32. Ooshies – a cautionary toy story about cashing in on childhood innocence
  33. Vital Signs. Blame Trump, not China for the looming trade and currency war
  34. Death of the department store: don't just blame the internet, it's to do with a dwindling middle class
  35. The China-Trump trade conflict has spread to Australia. We're now at risk of global currency war
  36. Gas prices are set to stay high. The government's moves, while welcome, won't achieve much
  37. These 'job snob' claims don't match the evidence
  38. The National Breastfeeding Strategy is a start, but if we really valued breast milk we'd put it in the GDP
  39. Australia depends less on Chinese trade than some might think
  40. Vital Signs: the battle for the soul of the US Democrats that's taking place before our eyes
  41. How not to police financial services. Balanced scorecards don't work for bankers
  42. New Zealand poised to introduce clean car standards and incentives to cut emissions
  43. Shocking yet not surprising: wage theft has become a culturally accepted part of business
  44. Beyond meat? The market for meat substitutes is way overdone
  45. There's a reason you're feeling no better off than 10 years ago. Here's what HILDA says about wellbeing
  46. Over 50% of young Australians still live with their parents – and the numbers are climbing faster for women
  47. We can put a leash on Google and Facebook, but there's no saving the traditional news model
  48. What Australia's competition boss has in store for Google and Facebook
  49. Voluntary super: a good way to increase women's dependence on men
  50. The new banking code looks impressive, but what will it achieve?