Economics is about maximising wellbeing, not money.
Tim Wimborne / Reuters
One only has to look at the current US election to see the impact inequality can have.
In Australia, perhaps more than any other comparable country, the middle class is built around home ownership. But it is an aspiration which, for far too many, is becoming a pipe dream.
While trickle-down economics insists on drawing a dichotomy between the speed of growth and the spread of growth, the idea of inclusive prosperity acknowledges the empirical evidence that countries which grow more equally will grow more strongly.
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Federal Government concedes initial claims of a $67 Billion deficit could be incorrect.
The Reserve Bank of Australia has cut the benchmark interest rate to an historic low of 1.75 percent hours before Treasurer Scott Morrison's first Federal Budget. The quarter of a percent cut on Tuesd...
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Malcolm Turnbull promised a Government that would respect the intelligence of Australians and provide a higher level of debate about the issues we face as a nation. Instead, Australians are getting the same lies and deception they got from Tony Abbott and Joe Hockey.
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Faced with a failing economy, the costs of not cutting rates enough, or of prematurely raising them, far outweigh the risks of having too-low interest rates.
Prime Minister Malcolm Turnbull believes voters will know of any changes to the tax system by the release of the May budget. Mr Turnbull a erts that any outcome of a national conversation on budget re...
Australia is "unleashing the full potential" of the nation's entrepreneurs on the global market in a new phase of economic diplomacy, Foreign Affairs Minister Julie Bishop has told a high-powered New...
The global economy is expected to grow at a moderate pace in 2016, amid warnings from the International Monetary Fund that growth could be derailed if changing global conditions aren't navigated succe...
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Puerto Rico is on course to default on some of its debts on Monday, deepening a crisis that has been escalating steadily for months. But the seemingly arcane dispute over the island's public finances...
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The last time so many women were finding work in Australia Bob Hawke was Prime Minister and Crocodile Dundee was breaking records at the box office. It was April 1986. In the strongest result for alm...
A radical GST proposal from South Australia's Labor Premier to pay for health costs has sparked the interest of the Commonwealth and some of his state and territory colleagues. Jay Weatherill has call...