With tax reform on the agenda, and at a time when Australia faces some of the highest income tax rates in the world, why should we cut and simplify—if not completely abolish—personal income taxes?
Some 50 years ago, US biologist Paul Ehrlich’s warnings of a teeming planet sparked a panic that has yet to abate. There is indeed reason to be fearful, but not of too many humans. The very real and looming problems have everything to do with declining birth rates.
Sports are an old part of human culture and new part of the economy. Culture evolves and economies evolve—two more or less incontrovertible propositions in the social sciences these days—so it shouldn’t really be such a leap to suggest that sports also evolve.
The Queensland Labor government’s proposed changes to vegetation management law will erode the right to property, breach a fundamental principle of the rule of law, and ultimately hurt Australian farmers by adding more red tape to the industry.
Maybe we’ve been thinking about science all wrong. In the old model, knowledge was privately produced, then ‘communicated’ to make it a public good. Journals did the communicating. But a better model is to think of this whole process as like a club that both produces and consumes together.
The Australian Securities and Investments Commission (ASIC) will soon be handed more power to intervene proactively in financial product markets. These regulatory powers will stymie financial entrepreneurship and innovation.
My most recent working paper with Gerry Roe and Brett Henderson of the Victorian Department of Economic Development—Detecting new industry emergence using government data: A new analytic approach to regional innovation policy—is now up on SSRN here. Abstract: This paper presents the rationale and method for a new model of innovation policy by regional government that is based …