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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.

25 Aug 2014
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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.

22 Aug 2014
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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

22 Aug 2014
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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.

22 Aug 2014
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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.

22 Aug 2014
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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.

22 Aug 2014
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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?

22 Aug 2014
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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.

22 Aug 2014
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