Time for a Copernican revolution in economics
No mainstream economic model predicted the GFC, but alternative approaches are still largely ignored. The heavily-flawed traditional modelling approach needs some serious revisions, before the next financial crisis.
Weekend Economist: A telling tale
Over the last six months, the difference between Australia's long and short-term interest rates has narrowed. That would typically be attributed to a tightening monetary policy stance -- but here it's a little different.
We're on the brink of repeating the mistakes of 9/11
We could so easily choose to defuse some of the destructive force of terrorist groups' symbolic missiles.
Unemployed or lazy? Economists know better
Most people don't realise that you only have to work for one hour in paid employment per week to be classed as 'employed'. A greater understanding of simple terms such as employment and unemployment will help to enlighten public discussion
The real reason so many small businesses fail
Starting your own small business can be an exhilarating and rewarding adventure, but many entrepreneurs find the road to success is a rocky one.
Picks of the week
In this week's essential reading guide, Kohler assesses the impact of the digital revolution, Bartholomeusz delves into the details of BHP's demerger, and Gottliebsen talks to the one minister who has a vision for Australia.
The Week Ahead
Capital expenditure figures for the June quarter will be closely watched, while profit-reporting season moves into the home straight, with earnings expected from Bluescope Steel, Lend Lease and Qantas.
KGB Interview: BHP Billiton's Andrew Mackenzie
BHP Billiton chief executive Andrew Mackenzie discusses the next stage of evolution for the miner, and says diversification will ensure the group's resilience against market shocks.
The allure of BHP's spun-off vehicle
A demerged BHP Billiton will result in two businesses with very different risk and growth profiles. The continuing BHP is likely to reap the rewards of radical simplification while NewCo may take a more aggressive approach.
The uneven global recovery has central bankers stumped
Central bankers gathering in Jackson Hole are faced with a disappointing performance from the global economy, making it more difficult to turn off the money tap. Where can they go from here?
Rolling Spider and Jumping Sumo: Drones for home
In a world where infants are learning to interact with iPads before they can even speak, French company Parrot has created today's answer to the remote control car of yesteryear.
Is it Grimes or Greg Hunt who is misleading us?
Environment Minister Greg Hunt claimed yesterday that the Solar Council chief was dishonest because Hunt was 'crystal clear' about the government's commitment to the renewables target. So why can't Hunt answer my questions about what this commitment actually means?
Africa's promising renewables acceleration
Sub-Saharan Africa is set to add more non-hydro renewable energy in 2014 than in the last 14 years combined - and that's even with a largely dormant rooftop solar segment.
Riding the Silicon dragon
The China-Australia Millennial Project is a bold initiative that could potentially open up a whole new window of opportunity for our tech and start-up sectors.
Don't negotiate on ransomware
With hackers relying less on brute force and more on trickery to burn users, here's how you can avoid paying a king's ransom.
China's gas equation, post-Gazprom
China's natural gas demand is set to triple out to 2040 but Siberian supplies to northern and eastern provinces will likely help cover requirements.