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Redundancy

Yesterday I made an application to depart my university of employment and to accept a redundancy. It was an emotional moment for me as I had never contemplated exiting employment in this way. I always thought I would work until I dropped. My decision partly reflects what I want to do with my life in […]

Distortions in the patent market

Distortions in the patient market for new drugs mean that drugs are overwhelmingly being developed for people who will die anyway from conditions the drugs are designed to address. There are few incentives to provide preventative medicines and this distortion costs lives.

As the Economist states:

“The data paint a bleak picture. The economists find […]

Around the Block

This is a preposterous, improbable Australian movie. A young American women gets a group of young aboriginals to do a performance of Shakespeare’s Hamlet. Based in Redfern, Sydney. The movie is not even going to be released in conventional cinema. But I loved it and scenes moved me to tears. A great Australian film that […]

What will happen to Australian asset prices?

Low interest rates that are unlikely to increase any time soon and property as well as equity markets that are growing strongly, both in Australia and overseas, create the basis for gearing up and taking high levels of risk. People ask me – as an economist – how it will all end. I confidently predict […]

Unemployment & immigration

The Australian unemployment rate has hit a 12-year high at 6.4% – the highest since 2002 and higher than the US unemployment rate for the first time since 2007. Good market for equities markets this means the RBA will almost certainly not increase interest rates any time soon and may cut them further. Of course […]

Proposed Australia-China Free Trade Agreement

I have been working on this FTA over the past week or so and trying to get up to speed on ideas in this area. Some provisional notes – comments very welcome.

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