Alfred Nobel A brief history of the Nobel Memorial Prize in Economic Sciences The 2013 Nobel Memorial Prize in Economic Sciences was announced on October 15 and won by a trio of financial economists: Eugene Fama, Robert Shiller and Lars Peter Hansen. Fama is the mastermind behind the ‘efficient-market hypothesis’, which will be familiar to all who have taken at least a first-year
Asia Pacific AusAID: why Australia and the world’s poorest need it On September 18 Prime Minister Tony Abbott announced the government’s decision to effectively abolish AusAID by integrating it into the Department of Foreign Affairs and Trade (DFAT). He cited ‘confused responsibilities, duplication and waste’ as reasons for the merger, and suggested that now the ‘aid and diplomatic arms of
economics Replacing Bernanke: who should be next head of the Federal Reserve? Note: This article was written before the recent changes in candidacy. Nevertheless, it provides a valuable analysis of important factors to consider when evaluating candidates’ credentials. On September 15 Lawrence Summers unexpectedly withdrew as a candidate for the next Federal Reserve chairman. His letter to Barack Obama stated, ‘I have
bangladesh Bangladesh field trip – Part Two This article is a follow up to my first report on my honours field-trip to Bangladesh (available here if you haven’t yet read it). Within this piece I’ll outline my second week in the country, which thankfully wasn’t affected by the hartels (political strikes) which prevented us
bangladesh Honours ‘field’ trip: Two weeks in Bangladesh – Part One My impromptu trip to Bangladesh was borne out of an afternoon meeting with one of my lecturers who mentioned offhand that he was traveling to Bangladesh on the weekend with my honours thesis supervisor. They were going to undertake some fieldwork for their own research on the sex industry in
economics Is Skywhale an Economic Abomination? Let’s be honest – the milestone of Canberra’s centenary probably would have gone unnoticed by the majority of Australians if not for the enormously controversial, enormously confusing and just plain enormous hot air balloon that has been created to mark the event. The ‘Skywhale’, commissioned by the ACT government,
economic sanction North Korea and the Wisdom of Economic Sanctions International news over the past few weeks has been dominated by the issue of the threat of nuclear strikes from North Korea, directed at both the United States and South Korea. Impetus for these new threats stem mainly from the United States’ success in convincing the United Nations to enforce
