The Science of Public Happiness “The science of public happiness was how Keynes saw his work as an economist.” Richard Davenport-Hines In his book, Universal Man: The Seven Lives of John Maynard Keynes, British historian and biographer Richard Davenport-Hines described the legendary economist’s outlook as such. And yet, throughout
Continues from Part 1 Social welfare As Treasurer, Scott Morrison appears to have been more interested in clawing back money lost in the welfare system than handing out welfare payments. While increased funding to the Newstart Allowance scheme was much anticipated, Morrison failed to deliver this in the 2018 Federal
“Jobs and growth” has been the mantra of the Government’s re-election campaign, and as always, the economy has been the most important topic of debate in Election 2016. Australia is currently grappling with a serious youth unemployment problem, especially in rural and regional areas. Unemployment among 15-24 year olds
Reflecting on this year’s ESSA Economic Debate means remembering Treasurer Joe Hockey’s famous speech in which he declared that the “Age of Entitlement is over.” That night, the affirmative side triumphed on the back of arguments that“good” welfare would push more unemployed back into work, lift productivity
Overall, the Australian welfare state performs two main functions – redistribution between rich and poor (the Robin Hood function), but it also provides insurance and consumption smoothing (the ‘piggy‐bank’ function). In Australia we tend to focus on the idea that the welfare state should mainly be about redistribution to the
The appropriate level and structure of public spending is high on the policy agenda. A recent Grattan Institute report Budget pressures on Australian governments argues that Australian Federal and State governments potentially face a combined annual deficit of around 4 per cent of GDP by 2023, of which around 2.
In April, then-Minister for Tertiary Education Craig Emerson announced the federal government would be looking to make $2.3 billion in budget savings from the higher education sector in order to help fund and implement the ‘Better Schools Plan’, better known simply as the Gonski reforms. The core principle behind