A number of School staff have been in the media recently discussing a variety of topical issues that fall under the broad subject of Economics. In addition, we have two new published authors! Huge congratulations to Professors Kym Anderson and Colin Rogers on the launch of their book and research. It’s great to see our staff’s opinions being so highly sought after locally and nationally and we look forward to hearing more from the diverse range of experts we are lucky to have here in the School.
Kym’s book titled Growth and Cycles in Australia’s Wine Industry is a statistical account of the wine sectors evolution over the last 170 years. This book, which was jointly funded by the Australian Grape and Wine Authority (AGWA) and the University of Adelaide’s Wine Futures project, aims to provide the Australian wine sector with clear insights from its long history. More information on this book, including information about where to purchase can be found here.
Kym also appeared on Triple J’s hack earlier this week, where he discussed the future of food security with Simon Talbet, CEO of the National Farmers Federation. You can listen to this podcast here (Kym appears on the the 2nd story, starting approximately 15 minutes in).
Colin’s latest research on monetary theory has been published in European Journal of Economics and Economic Policies. And provides further insight into the causes of the global financial crisis (GFC). It has been acknowledged that it has been known for some time that monetary theory (an economic model) used prior to the GFC of 2007-2008 was seriously flawed; however, Colin explores just why it failed and what might be a better approach to prevent future financial crises. More information about this research can be found here.
And finally, Professor Ralph Bayer appeared on Fiveaa’s Afternoons with Will Goodings in late February to discuss the trend of young people living at home for longer, and the causes and implications of this. He discussed how youth unemployment rates in Australia have fluctuated significantly since the 1970s, but that there is not direct correlation between youth living at home and the unemployment rate. In addition, while the number of 24 year olds living at home has almost doubled since 1974, this has not been driven by labour market conditions.While housing affordability is an issue, in general people have become more rich so can’t account for this trend on its own.
If you have any questions about any of the above topics, I’m sure staff would be happy to answer any of your questions.