What can a nineteenth-century economist teach a twenty-first-century Chief Executive Officer (CEO) at one of the largest technology firms? More to the point, why is Microsoft’s CEO, Satya Nadella, quoting William Stanley Jevons? Jevons was a dominant figure in economic thought in Britain during the second half of the nineteenth century, but not today.
His work populates the earlier chapters of textbooks on the history of economic thought, where he is credited with being a pioneer in starting the Neoclassical School of Economics.
Honestly, is there no end to this woke claptrap? Jenna Price thinks kids are the abusers of poor victim teachers. Here’s where we are today. One in four teachers feels unsafe at work, says Fiona Longmuir of Monash University. That makes them want to leave teaching. Years ago now, she and her colleagues set out
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The NAB survey out yesterday was not very encouraging. The pent-up demand released by RBA rate cuts delivered a significant increase in consumer expenditure in the June quarter. However, business investment stayed low, indicating that companies were not inclined to make significant investments until they see more proof of a revival in domestic demand. Businesses
Cotality’s rental data continues to deteriorate. The latest weekly market indicators report shows that rental listings have collapsed to a fresh low across the combined capital cities: Over the past year, total listings across the combined capital cities have declined by 18.6%, with double-digit falls recorded across every market: The vacancy rate across the combined
The Guardian’s Luca Ittimani asks why state and local government plans to convert empty office buildings into apartments to ease the housing crisis have not come to fruition: Momentum to create homes out of empty offices has faded even as office vacancies rise and housing shortages intensify. Developers have not submitted a single application to
The post Another housing gimmick fails appeared first on MacroBusiness.
Australians are consistently ranked among the wealthiest people on earth. The 2025 UBS Global Wealth Report ranked Australians second in the world for median wealth, with the typical Australian having a net worth of US$268,424. Australia had 1,904 US dollar millionaires in 2025, according to UBS. However, Australia stands out from most other nations, as
The post Why Australians are ‘rich’ appeared first on MacroBusiness.
For the life of me, I don’t know why anybody wants to be long iron ore here but hey, that’s how markets work sometimes. Steel prices continue to fall, though long products are falling faster than flat products, which is key to some market resilience, as it helps hold up blast furnace output over electric-arc
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While Japan welcomes almost 37 million visitors per year and is widely considered one of the safest places in the world, in quarters more focused on economics, the focus is often placed on its status as a cautionary tale. In some ways, this characterisation is entirely fair. Japan is the developed world’s poster child for
The post Australia vs Japan – The Lucky Country Loses appeared first on MacroBusiness.