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Real world economics

Critiques of orthodox economics have proliferated in recent times, but often these critiques are not translated into alternative principles for policy-making. The Centre for Policy Development is working towards an alternate economic framework - one which moves beyond the ‘small government vs big government' debate and provides the basis for consistent policy-making across portfolios.

Much of the thinking that informs current government policy is based on outdated or oversimplified economic theory — recent developments (for example in behavioural economics) have not been taken into account. We need to incorporate a broader, more balanced view of human nature into the economic principles that underpin policy development.

Broadening Financial Understanding Summit

CPD fellow Ian McAuley will talk about financial decision-making at the Australian Bankers' Association summit on Broadening Financial Understanding in Sydney on July 2.


In Defence of Multilateralism

Is multilateralism back on the Australian governments’ agenda? What implications could this have for international security and stability and Australian democracy? CPD fellow James Arvanitakis and Amy Tyler examine multilateralism in a post-September 11 and post-John Howard world, examining Colombia as a case study for change.


Australia's Fiscal Straightjacket

In his new discussion paper for the Centre for Policy Development, Fred Argy demolishes eight myths underpinning what currently passes for "fiscal conservatism" in Australia. The view that neither taxes nor public debt levels should ever increase is lazy and timid policy, not good governance, writes Argy.


Deeper in Debt

Australians are addicted to debt but we can't afford to keep borrowing at current levels forever. 'Deeper in Debt' is CPD fellow Steve Keen's analysis of Australia's looming crisis in housing affordability and private debt.



The housing story: the reality of interest rates

Borrower blindness and confusion over the difference between real and nominal interest rates have contributed to Australia's heavy debt burden, writes Ian McAuley. But education alone won't be enough to change consumer behaviour - changes on the supply side of the credit market are needed.


The risk society

CPD fellow 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.


REAL WORLD ECONOMICS: invitation to contribute

Critiques of orthodox economics have proliferated in recent times, but often these critiques are not translated into alternative principles for policy-making. The Centre for Policy Development is working towards an alternate economic framework for policy development based on the values and principles in Reclaiming our Common Wealth.


Getting to the Point on Health Insurance

Joshua Gans looks at options for health funding that won't distort the system.


Competition: Too Much of a Good Thing?

In the second of two articles on consumer policy and competition, CPD fellow Ian McAuley examines the limits of competition in the Australian policy marketplace.


Ian McAuley examines the Australian economy for the Australian Collaboration

CDP fellow Ian McAuley surveys Australia's economic structure, including an outline of some long-term and medium-term challenges for Australian economic policy in his Australian Economic Fact Sheet for the

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