The World This Week with ESSA
World Economy
The dearth of entrepreneurship in Europe – The Economist
Europe not only has a euro crisis, it also has a growth crisis. That is because of its chronic failure to encourage ambitious entrepreneurs. Read on to find out more at The Economist about the state of affairs, why this is such a large problem and the possible long term implications for the future of Europe’s economy.
VIDEO – What is the economic legacy of hosting the Olympics? – The Conversation
It’s often argued that hosting the Olympic Games benefits the host city in many ways, providing an economic boost that lasts when the athletes and spectators leave. But it that actually true? John Madden considers the evidence.
Japanese Lessons – The Economist
Those who attended the David Finch Lecture delivered by the chief economist at Nomura last Thursday will know all about ‘balance sheet recessions’, but for those who missed out, here is a very similar analysis of why the Japanese suffered decades of negative growth since the 1990’s, and what the world can learn from that experience.
Here in Australia
No more crocodile tears on electricity – Market Economics
From the always-entertaining and upcoming ESSA Q&A panellist Stephen Koukoulas comes a brief look into the recent rise in consumer prices. In his own words: “Yes, the average household spends 5 times more on takeaway, booze and cigarettes than they do on electricity. Stick that in your pipe and smoke it.”
University students should pay more, says the Grattan Institute – Herald Sun
Policy think tank the Grattan Institute here at the University of Melbourne has suggested that University Students (such as the team here at ESSA) should be paying more for education. Find out more on what will undoubtedly be a very controversial issue.
Call for rethink of RBA’s role – The Age
Professor Ian Harper, a professor at the University of Melbourne and considered to be one of the architects of the Australian Prudential Regulation Authority, says he would be prepared to consider refashioning it to hand responsibility for regulating banks back to the Reserve Bank, if another inquiry was launched.
For your interest
Economically Healthy ‘Daily Planet’ Now Most Unrealistic Part Of Superman Universe – The Onion
“NEW YORK—Frustrated fans of the Superman comic book said Monday the continued financial stability and cultural relevance of the series’ Daily Planet newspaper is now the most unrealistic part of its universe and an annoying distraction that has ruined their reading experience.”