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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.
Oil output may well be at or near its peak level, and oil prices are likely to remain high for the foreseeable future. But adjusting to changes in relative prices is what market economies do best, at least when adjustment is supported by coherent and...
Labor has yet to announce the tax policy foreshadowed as a response to the 2004-5 Budget. But, as Kim Beazley's 'small target strategy' in 2001 demonstrated, this approach can be disastrous.
John Quiggin argues that Labor needs to announce a coherent tax and expenditure...
Downturns in the job market have traditionally led to the creation of new government labour market schemes from the ground up. But in this paper economist John Quiggin considers the feasibility of a flexible system of active labour market policy which would adjust to the...
In 2014, French economist Thomas Piketty's book, Capital in the Twenty-First Century, documented an upsurge in inequality of income and wealth, most notably in the United States and the United Kingdom. Other English-speaking countries have followed this trend—with the possible exception of Australia. So is...