We have prepared six shareable infographics based on material in our research paper, “Jobs and Growth… and a Few Hard Numbers,” which compared Australia’s economic performance under the respective postwar Prime Ministers.

The inevitable shift from coal to clean energy is becoming big news in regional electorates and across the country at this election. Local member and Deputy Prime Minister Barnaby Joyce has endorsed the White Rock Wind Farm in Glen Innes, saying, “if we are going to go down the path of renewables and I believe

There have been a lot of big claims made about cutting company tax cuts.

It is hard for the benefits of a company tax cut to “trickle down” to workers when employer groups insist on building dams to capture the gains for themselves, writes Richard Denniss. First published on The Drum – here. The Turnbull Government’s claim that a company tax cut will trickle down to benefit workers rests

It is hard to claim a mandate for something you barely mention, but just as the Turnbull government has stopped talking about the Australian Building and Construction Commission, the business community has now made a TV advertisement for the company tax cuts that, wait for it, doesn’t mention the company tax cuts. It wasn’t meant to be

Voters typically rank economic issues among their top concerns. And campaigning politicians regularly make bold (but vague) pronouncements regarding their competence and credibility as “economic managers.”  In popular discourse, economic “competence” is commonly equated with being “business-friendly.”

The Australia Institute is part of the big policy debates in Australia. We have challenged the flawed thinking behind Australia’s over-reliance on resource extraction, the economic dangers of climate change, the economic and social costs of inequality, and the need for a fairer tax system, among other issues. We lead debates, we help drive change

After three long weeks of election campaigning neither the Prime Minister nor the Treasurer has explained how the $48 billion centrepiece of their “economic plan” will be funded. Sure, they love being asked about it, as such questions allow them to say “jobs and growth” a lot. But the actual answer is yet to pass their

The rapid rise of renewable energy technology has taken the world by surprise. Renewables have gotten cheaper faster than expected, while battery storage development is shaping up to radically change the way power our lives, from home, to work to the way we travel.    But this global phenomenon will play out locally, and in

This opinion piece originally appeared in the Australian Financial Review. Elections are only the start of policies, that’s why proper scrutiny needs to be given to senate candidates and parties. Technically this election is about whether the parliament should pass two pieces of obscure industrial relations legislation. Politically, of course, the election is more about

The centrepiece of the Turnbull government’s ‘plan’ for the economy, and its plan to win the upcoming election, is based on some heroic assumptions. There is no strong evidence to support the government’s claim that cutting the company tax rate will boost “jobs and growth”. And there is no strong evidence that the public will

For someone who piously bemoans an “us versus them” mentality in political culture, Treasurer Scott Morrison certainly drove a deep wedge into the social fabric with one of the centrepieces of his budget. There are four thresholds in the personal income tax system; Morrison chose to increase one of them, supposedly to offset the insidious effects of “bracket creep.” The third threshold will be raised from $80,000 to $87,000.

Welcome to The Australia Institute’s 2016 Budget Review. Firstly, the good news. No, really! In the space of one election cycle superannuation tax concessions went from bi-partisan sacred cow, to bi-partisan race to reform. The Australia Institute has put out a stack of reports calling for an overhaul of what has become one of Australia’s

As Transfield Services found out last year, governments don’t just outsource service delivery, they outsource political risk. And while Scott Morrison was promoted from immigration minister to Treasurer because of his “success” in “stopping the boats”, he left the Belgiorno-Nettis family, Diane Smith-Gander and Transfield Services shareholders to take the heat and pay the price. Well played, Scott. Politicians

In the lead-up to tomorrow’s pre-election Commonwealth budget, much has been written about the need to quickly eliminate the government’s deficit, and reduce its accumulated debt.  The standard shibboleths are being liberally invoked: government must face hard truths and learn to live within its means; government must balance its budget (just like households do); debt-raters will punish us for our profligacy; and more.  Pumping up fear of government debt is always an essential step in preparing the public to accept cutbacks in essential public services.   And with Australians heading to the polls, the tough-love imagery serves another function: instilling fear that a change in government, at such a fragile time, would threaten the “stability” of Australia’s economy.

When other people get pay rises, do you feel discouraged from working? If the Australian Taxation Office stopped BHP or Google from using tax havens, would your firm be less likely to invest in its own expansion? In a bizarre twist on behavioural economics, Treasurer Scott Morrison seems to think individuals and companies are motivated

Sunlight, it is said, is the best disinfectant. But despite the fact that markets can only work well when they are well informed, some in the Australian investment community remain convinced that disclosing their exposure to risky investments is a chore they would rather avoid. Take ANZ for example. In 2014 and 2015 motions were

The latest “big idea” on tax policy from the Coalition government is to grant independent income tax powers to the states.  This would be accompanied by a devolution of funding responsibility for big-ticket services like health care, hospitals, and schools.  Prime Minister Turnbull argues that forcing state governments to raise the money they spend will

The ruling mantra once was user pays, but now laws requiring mining companies to clean up their mess are derided. Where have all the economic rationalists gone? Back in the 1980s and ’90s most conservative politicians and businesspeople were obsessed with expanding the “user pays principle” to all areas of government service, but these days you

Dan Cass and Christopher Wright (Sydney Business School) Published on RenewEconomy (17 March 2016)  Following the enthusiasm generated by the Paris climate agreement, the focus for climate action now shifts back to nation states, which is where the hard work begins. Most nations have failed to make much progress on deep emissions cuts. Carbon prices lack

First published by the Australian Financial Review – here Economic modelling is like a meth lab, it can make you rich or blow up in your face. And like cooking meth, economic modelling gets more dangerous when it is done fast by those new to the industry. But despite the dangers, and the fact he

Was it really the Treasury’s economic modeling that convinced Prime Minister Turnbull to abandon his plan to raise the GST and cut income taxes? Treasury simulations indicated the trade-off would have no significant impact on growth. Or perhaps it was another kind of calculation – electoral – that convinced the Coalition to drop the idea, and the economic numbers just provided political cover.

History surely has a sense of humour. In 2010 after taking down a sitting Prime Minister, Julia Gillard went on after the next election to run a minority government. Fast forward 5 years to 2015 and Malcolm Turnbull takes down a sitting Prime Minister only to discover that he too is running a minority government.

Published by RenewEconomy and Sydney Environment Institute. The US government has announced a US$36 million program to develop technologies that turn solar PV and storage batteries into a new kind of decentralised, virtual power source which some are calling ‘the internet of energy’. This is just the kind of technological shift that excites our new

First published in the Australian Financial Review – here.  The only thing that Paul Keating likes about conservative economic policy is implementing it. Last week, with trade mark cut-through, he was back to his favourite trick of visibly attacking the right while strategically undermining the left. For decades Keating has stood tall in the crowd by taking the

First published by the Australian Financial Review – here.  Economic models are like skin care products: the magic is all in the marketing. Just as honest dermatologists regularly remind consumers that expensive face creams are just “hope in a jar”, honest economists regularly remind politicians and journalists that the “results” of macroeconomic modelling are no more reliable than

No tax concession does less to stimulate innovation or employment than the capital gains tax exemption on luxury homes. Indeed, by encouraging the most wealthy Australians to park billions of dollars in spare bedrooms that gather dust and detritus from Christmases past, the exemption simply diverts capital away from productive uses. A government that is

Originally published in the Australian Financial Review – here.  The differences between rugby league and rugby union, like the differences between the disciplines of economics and finance, can seem obscure to those who aren’t fans of either. Subtle though they may be, small differences can have big impacts on the end result. Indeed, those small

First published by The Australian Financial Review – here. The mining boom tax cuts have left the Australian budget unable to collect the revenue needed to fund the services that Australians expect from their government. The Treasurer’s insistence that there is no revenue problem, combined with the received political wisdom that the family home is