economics

Ten Points About The Paris Climate Agreement
26 October 2018

Ten Points About The Paris Climate Agreement

Our new research brief provides ten points about the Paris Climate Agreement. The binding international emissions reduction obligations imposed on Australia by the Paris Climate Agreement will result in significant and irreparable economic and social costs without producing a discernible environmental benefit. Australia is not “on track” to meet the Paris emission reduction obligations despite extensive and prolonged government intervention
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Tax ‘Cuts’ Are Rises To Pay For Spending
18 May 2018

Tax ‘Cuts’ Are Rises To Pay For Spending

The budget is littered with titbits mostly designed to garner political support. There’s the targeted, low and middle-income tax offsets which will provide relatively small tax cuts for those earning up to $125,000 per year. There’s the proposal to raise the top threshold of the 32.5 per cent tax bracket from $87,000 to $90,000, which will stave off bracket creep for
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Budget 2018: What Have You Achieved?
9 May 2018

Budget 2018: What Have You Achieved?

Treasurer Scott Morrison’s budget speech opened with the remark ‘What have you achieved?’ to which the chamber responded with howling laughter. This was the fifth budget of the Coalition government and may very well prove the last before the Australian people hand power to Bill Shorten and Labor. This provides an opportune time to answer – what have they achieved? More
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A Universal Basic Income Would Create A Permanent Underclass
5 April 2018

A Universal Basic Income Would Create A Permanent Underclass

Greens leader Richard Di Natale told the National Press Club yesterday that, because of the changing nature of work, Australia should introduce a universal basic income. His proposal would be costly, unnecessary and would create a permanent underclass. A UBI is a liveable, unconditional payment to all citizens. Theoretically, a UBI could be almost cost neutral if it replaced all welfare,
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Australia’s Entrepreneurship Crisis and Three Ways To Fix It
1 March 2018

Australia’s Entrepreneurship Crisis and Three Ways To Fix It

Red tape is holding back our entrepreneurs and threatening our economic prosperity, new IPA research has found. Nine of Australia’s top ten largest companies were founded before 1925; by contrast, 88 per cent of the United States’ top 500 firms did not exist fifty years ago. Newer businesses, by injecting innovative ideas and challenging outdated methods, deliver increased productivity, raise
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Ideas For Experts On Expertise Examining The Crisis Of Expertise
1 February 2018

Ideas For Experts On Expertise Examining The Crisis Of Expertise

When British MP Michael Gove said “The people of this country have had enough of experts” he electrified the pro-Brexit voters and sent ripples of horror through the global club of those who advise decision-makers and opine on matters of fact and of policy. One type of reaction to Gove’s incendiary comment I saw at the Mercatus Centre at George
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Commonwealth Should Hand Income Taxes To The States
10 January 2018

Commonwealth Should Hand Income Taxes To The States

“Australia’s tax system is broken and the Palaszczuk government is right to call for structural reform”, said Daniel Wild, research fellow with the free market tank the Institute of Public Affairs. Today the Palaszczuk government renewed calls for state governments to be given a share of the Commonwealth income tax. “The best reform would be to allow state governments to
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Red Tape Costs Billions, So Let’s Black-list It
5 January 2018

Red Tape Costs Billions, So Let’s Black-list It

The government should make 2018 the year to rid us of burdensome, silly regulations. As Coalition MPs enjoy the summer respite after a tumultuous year in politics, Malcolm Turnbull is gearing up to reset the national agenda with a focus on economic prosperity. To that end, the Prime Minister should put red tape reduction at the top of his list
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Highlights of Professor Sinclair Davidson on The Young IPA Podcast
28 November 2017

Highlights of Professor Sinclair Davidson on The Young IPA Podcast

Professor Sinclair Davidson, IPA Senior Research Fellow and Professor of Institutional Economics at RMIT University, joined us on The Young IPA Podcast this week. Here’s some of what he had to say: Why Australia hasn’t seen meaningful tax reform since 2007 Well there’s two things that have really happened. The first is we’ve had a lack of economic leadership. Peter
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The Problem With Nobel Laureate Richard Thaler’s Nudgonomics
12 October 2017

The Problem With Nobel Laureate Richard Thaler’s Nudgonomics

Economists have spent the last 240 years – ever since Adam Smith published The Wealth of Nations – trying to understand how decentralised economies work. In that time they have established that the price mechanism does a pretty good job of coordinating economic activity, and that profits provide excellent incentives to stimulate human action. In the course of understanding how economies operate,
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