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In defence of models

Perhaps not so glamorous as the ones on the runway, economic models often get a bad wrap. Yannis Goutzamanis analyses some well-known and much used models and gives his take.

Self-managed super funds: a blessing or a bomb?

I remember sitting in a finance lecture on superannuation, presumably paying little attention, until the lecturer suddenly decided to embark upon a tangential rant. Being an avid listener of talkback radio on the long drives to and from Monash University, Clayton, I had acquired a taste for the rhetorical art-form commonly known as ‘the rant’. I listened keenly.

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Homelessness, housing affordability and unsound public policy – Part 1

This semester I took part in an exciting program run by the Monash Law Students’ Society revolving around social justice and leadership. The group I was part of looked at homelessness in Australia and I focused on housing affordability. In this article I will consider the economics of this social justice issue.

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That old chestnut: revisiting the minimum wage

 While reading fellow ESSA contributor Joey Moloney’s article I came across the under-consumption paradox. This was something that I had grappled with before in trying to reconcile the microeconomic lessons about price floors and the minimum wage with macroeconomic lessons about aggregate income and expenditure and the Keynesian Cross. It seems many other people have observed this contradiction before, including Karl Marx.

Read moreThat old chestnut: revisiting the minimum wage