The failure of unregulated markets. [HT: Simon Johnson] MIT’s Daron Acemoglu has written one of the best essays on the financial crisis and what it means for economics that I have read. He argues, convincingly, that forgetting about what drives economic growth when formulating policy is a big mistake. Importantly, it has been all too easy to forget about how…
Tag Archives Equity
Another good one from Andrew Leigh. As we draw near to budget time, there has been plenty of talk about what “middle Australia” will get. But where exactly is the middle? To provide a more precise sense, I’ve tabulated the pre-tax annual income distributions for individuals and households, in the 2008-09 tax year. My raw data is the 2006 HILDA…
This is re-produced from Andrew Leigh's WebSite. Among the most interesting debates in economics today is the dispute between Jeffrey Sachs and William Easterly over how best to help the world’s poor. The discussion is interesting not only because it concerns the most important question in all of economics, but also because Sachs and Easterly happen to be exceptionally good…
More and more parents are willing to make big sacrifices to send their children to private schools. And the schools are coming up with ways to help them pay. David Rood and Chee Chee Leung explain how - and why - they do it. Link: Average income, private school.
Jim Moore's beautiful and warm observations of the passing of a giant of our times.. John Kenneth Galbraith was not only a beloved economist,he was also a local whose towering strides, slowing as he aged, were a common site on Church Street, Brattle Street, and in and around Harvard Square. There was something enormously calming about his presence, and something reassuring about seeing…
Richard Teese: THE principals of MacRobertson Girls' School and Melbourne High School have mounted a remarkable defence of their schools as historical champions of meritocratic equity ("Select schools benefit all state students", Opinion, 27/11). Not that that was the point they should have addressed. Which was why have more. But alas, how history deserts those unfaithful to it, who present…
Report from BCA and DSF published. Anyone interested in the question of youth participation in education and training is sure to be interested in this latest report from Access Economics, jointly commissioned by the Business Council of Australia (BCA) and the Dusseldorp Skills Forum (DSF). The Dusseldorp Skills Forum commissioned Access Economics to test the merits of the economic case…
While still controversial, National Benchmarking [flawed or otherwise] allows us to begin the exploration of what is most difficult in education... Measuring our impact as educators and making comparisons over time, being able to repeat what works and identify and improve on what is not working. The data is critically important and the time series over the next decade will…
An innovative project to support school principals working to improve Indigenous education results was given an $8 million boost by the Australian Government today. The Dare to Lead: Making the Difference initiative aims to sign up 5,000 principals and their communities to commit to reducing the gap in education outcomes between Indigenous and non-Indigenous students. Link: Dare to Lead Funding Boost.