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With both major parties proposing to develop an emissions trading regime, this paper discusses some important practical issues and trade-offs.
In the past year, climate change has moved from political controversy to political consensus; at least, in relation for price-based policies the need to...
‘Risk’ has become a central theme in 21st-century policy thinking. The fact that individuals and families are vulnerable to a wide range of social, economic and other risks, and that collective action is needed to help reduce and manage these risks, has long been important...
Australia's current water shortages reflect policy mistakes going back many decades, argues John Quiggin. It will take at least a decade to resolve the resulting problems. A policy of delayed repurchase of water rights could form part of a cost-effective solution.
This paper reviews the typical elements of a technology-focused climate policy (currently adopted by the USA and Australia under the umbrella of Asia-Pacific Partnership on Clean Development and Climate-AP6) against the elements of an effective and efficient ideal climate policy. It argues that the technology-focused...
John Quiggin examines the role of government as the ultimate risk manager. He argues that risk will be the defining concept of the 21st century, the way that globalisation was for the 1990s.
Any party aspiring to win this year's election will need...
When asked about their methodological practices, most economists claim to practise some form of instrumentalist positivism, as advocated by Friedman or appeal to Popper’s notions of falsification, implemented by the hypothesis-testing procedures of classical inference. More philosophically sophisticated members of the profession might, following Blaug,...
Efficient solutions to the Murray-Darling water crisis are difficult to see in the government's plan, writes John Quiggin
THE gradualist reform process envisaged in the National Water Initiative of 2004 has been overtaken by events as the record-breaking drought continues in much of...