Welcome to the eighth issue of Insights

The Faculty’s public lectures continue to provide a rich harvest for Insights. Important public policy issues dominate this issue. Nobel Laureate Joseph Stiglitz heads the list with a spirited analysis of the deficiencies of the financial market, especially of the US, and argues for better regulation not only of the US but also of the global financial system.

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Inside the current issue, Volume 8 November 2010

Farewell to the invisible hand? A global financial system for the twenty-first century
‘The reason that the invisible hand often seems invisible is that it’s not there’
What Nobel Laureate Joseph Stiglitz said in the 2010 David Finch Lecture

The new Australian resource rent tax: the resources super profits tax
The future prospects of the resources industries and the living standards of the Australian people depend on the assertion of private interests being balanced by considered, independent and soundly based assessments of the public interest rather than the political context
By Ross Garnaut

Designing realistic climate policy
The almost religious focus on targets and timetables – no matter what it costs – is the biggest hurdle to overcome in the climate change policy debate
By Warwick J McKibbin

Managing a multiple reserve currency world
The development of a global reserve system in which several national currencies have consequential roles is to be welcomed
By Barry Eichengreen

An efficient and fair industrial relations system
An efficient and fair industrial relations system gives a balanced weight to the two sides of labour
By Bruce Kaufman

The dismal science? Thomas Carlyle v John Stuart Mill
The circumstances in which Economics was first labelled ‘the dismal science’
By Robert Dixon

Disadvantage across the generations
Recent evidence from the Youth in Focus Project indicates that growing up in socio-economic disadvantage has important consequences for the education, health and wellbeing of young Australians
By Deborah A Cobb-Clark

Equality, wellbeing and the work of the Victorian Equal Opportunity and Human Rights Commission
New approaches by economists to measuring wellbeing, such as self-reported happiness and measures of freedom and opportunity, give guidance on how human rights and equality can improve individual wellbeing
By Ian McDonald and Helen Mitchell


Alumni refresher lecture series

Rethinking financial regulation
For Australia, the proposed international regulatory influences appear most significant in the prudentially regulated banking sector, even though the GFC had most impact on the non-prudentially regulated capital markets and investments sector
By Kevin Davis

Greening consumers: is the prospect blue?
As researchers, we still need to understand a number of factors better – why consumers postpone green decisions, and whether they are aware of their true attitude towards green products or whether they have issues at subconscious levels that we need to discover
By Angela Paladino

 

Occasional Address

Career paths, options and risks
The consequence of exercising options may mean that, at retirement, you finish working in a career that is far removed from what you may be considering today with your newly minted degree
By Robert Officer

 

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