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Monthly Archives: August 2014

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Ross Garnaut: No Link Between Economic Growth and Pollution

Last night I went to see Prof. Ross Garnaut speak on ‘China’s Energy Transition: Effects on Global Climate and Sustainable Development’. Me and Ross go back a long way. Not personally of course, but my career in economics has somehow become enmeshed with his. His report on ‘North Asia’s Economic Ascendancy’ was the first government report I read when I was a callow youth at university. It set out a path for Australia to exploit the economic opportunity of North Asia (i.e. Japan, South Korea, China and Taiwan). It wasn’t about resources, instead he said we should aim to be an exporter of ‘elaborately-transformed manufactures’ – i.e. advanced manufacturing goods that require significant use of Australia’s design expertise and creativity. It was a report that inspired me to think how economics could be used to guide governments. (more…)

WA’S $2.4 billion Energy Moral Hazard

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Image: Center for Problem Gambling.

Energy is a funny industry. In most industries, when supply increases, prices should fall. It is different in the Australian energy sector, the opposite seems to happen. The State of Western Australia (WA) is a good example of this phenomenon as pointed out in this article. (more…)

Introduction to Barefoot Economist Services

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Barefoot Economic Services is a new type of consulting firm that seeks to develop a long-term relationship with small companies and not-for profits to improve their effectiveness. It seeks to fill a gap in the market that economic consulting firms have ignored. Barefoot Economic Services is of the belief that growth and innovation is greatest amongst smaller firms. We also believe, that collectively, the greatest potential for change and impact will come from small firms.

Barefoot Economic Services’ mission is to help small Australian companies and non-profits to improve their impact. (more…)