Welcome to the sixth issue of Insights

The wide-ranging nature of the articles published in Insights will be evident to readers. They reflect the multi-disciplinary and international scope of the subjects taught in the Faculty and the impact of these disciplines in the development of public policy. The distinguished authorities who deliver these public lectures go to great length to make the condensed versions of their lectures comprehensible to lay readers without compromising on the rigour of their material. This issue is no exception. It is pleasing to note that some of our articles are reprinted, with permission, in part or whole in other journals. Professor Graham Sewell's article 'Big brother or a fair go' (Vol 4 November 2008) was featured in a recent issue of Risk Management.

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Inside the current issue, Volume 6 November 2009

Pricking bubbles in the wind: Could central banks have done more to head off the financial crisis?
It is necessary to reintegrate financial market analysis, credit and asset prices into the monetary policy regime
By Howard Davies

Avoiding the 1930s-style protectionism: Lessons for today
Is there a risk of a 1930s-style increase in protectionism? Fortunately, the world economy in the 2000s is very different from the world economy in the 1930s.
By Douglas A Irwin

China's challenges after growth rebound
Because of the government's aggressive policy actions, the Chinese economy quickly stabilised and rebounded during the first half of 2009. However, some short-term challenges are likely to remain - at least until the global economy recovers more fully.
By Yiping Huang

One year after the Garnaut Climate Change Review
While the ETS as proposed by the government has many weaknesses, it is likely that changes to facilitate support in the Australian Senate would exacerbate rather than ameliorate these weaknesses
By Ross Garnaut

Search for a theory for unemployment
The advantage of search theory is that it explicitly takes into account the frictions and the uncertainty that agents in the labour market face, and it allows us to understand unemployment as an equilibrium phenomenon
By Ian King

Organising for co-creation: The service employee-customer interface as a source of competitive advantage
For effective co-creation to occur, the organisation needs to be willing to give up an element control
By Simon Bell

A skilled workforce for the future
For effective co-creation to occur, the organisation needs to be willing to give up an element control
By Kostas Mavromaras

The contribution of VET to Australia's skill base
VET is more than a narrow preparation for particular occupations. For the majority of people there is a loose relationship between their training and their employment.
By Tom Karmel

Are we taking Indonesia seriously?
In 2009 most Australians have not made up their mind whether they want to engage with Indonesia or not. Our hearts, minds and wallets are still elsewhere.
By Howard Dick

Alumni refresher lecture series

An evidence-based approach to developing your career
Today's working life is quite different from that of our parents and grandparents. We live in more demanding and less predictable times.
By Leisa D Sargent

What does economics say about intellectual property?
The issue for the policy maker is: can we craft patent law so it provides the incentive needed for commercialisation while preserving the best features of the system of open science?
By Russell Thomson and Elizabeth Webster

Occasional Address

Using good education in times of change
Those features of the world that reflect and shape human civilisation are changing on a scale and at a pace that has no precedent.
By Ross Garnaut


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