Podcast appearances and mentions of nicholas gruen

Rory Sutherland, Vice Chairman of Ogilvy UK, and Nicholas Gruen, CEO of Lateral Economics, have both returned to debate the efficacy and limitations of applying systems thinking to complex problems. Resources and links: Ogilvy UK website Lateral Economics website Connect: Simplifying Complexity on X Simplifying Complexity on YouTube Sean Brady on X Sean Brady on LinkedIn Brady Heywood website This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.

Gene Tunny and Nicholas Gruen dive deep into the economic implications of Trump's sweeping tariffs. They explore the micro and macroeconomic dimensions—from optimal tariff theory to trade deficits and geopolitical fallout. With humour, clarity, and urgency, they unpack why these tariffs will do more harm than good, both economically and politically. A video version of this episode will appear as an episode of the Uncomfortable Collisions with Reality podcast on Nicholas's YouTube channel. Please let Gene know your thoughts on Trump's tariffs and any questions or comments regarding this episode by emailing Gene at contact@economicsexplored.com.Update: As of Friday morning (GMT+10), 11 April 2025, Trump's reciprocal tariffs on countries other than China have been delayed 90 days. TimestampsIntroduction and Purpose of the Podcast (0:00)Micro and Macroeconomics of Tariffs (3:17)Optimal Tariff and Economic Models (6:30)Challenges of Tariffs and Adjustment Costs (49:45)International Macroeconomic Implications (50:06)Historical Context and Policy Responses (1:06:52)Conclusion and Future Outlook (1:10:22)TakeawaysTariffs Are a Tax—Mostly Paid by Domestic Consumers: While Trump claims foreigners pay, economic models show that domestic consumers typically bear the burden.Optimal Tariff Theory Has Limits: While large economies might, in theory, benefit from some tariffs, real-world retaliation, adjustment costs, and supply chain complexities negate most benefits.Rule of Law Undermined: Trump's unilateral imposition of tariffs under national security justifications breaks trust in U.S. international agreements and damages credibility.Macroeconomic Drivers Are Key to Trade Deficits: Tariffs are a microeconomic tool used to address a macroeconomic problem—high consumption and low savings—which misses the real issue.Supply Chains Suffer from Tariff Shock: Modern manufacturing depends on intricate global supply chains. Tariffs disrupt production and create uncertainty for businesses.Links relevant to the conversationNicholas Gruen and Gene Tunny's article “Why Trump's tariffs are better than you think — and much worse”:https://www.crikey.com.au/2025/03/06/donald-trump-tariffs-impact-global-economy/Nicholas's YouTube channel which hosts his Uncomfortable Collisions with Reality podcast:https://www.youtube.com/@NicholasGruenLumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com.

We prize knowledge, and rightly so. We think of ignorance as a bad thing. But ignorance is inseparable from what we know.Knowledge can distract us, mislead us and endanger us. While ignorance is often the most fundamental insight about our human condition. Ignorance is not simply the opposite of knowledge, but a positive force with its own momentum that gives meaning to our lives. It drives scientific discovery, fosters creativity and can be psychologically helpful. That's why Rory Stewart wants to make a radical case for embracing ignorance. He wants to encourage a way of knowing in which knowledge and ignorance exist in a relationship with each other.With a cast of global thinkers, drawing on Western and Eastern ideas from the ancient world to the present day, Rory explores how a greater awareness and appreciation of ignorance can help us become more clear-thinking, humble, empathetic and wise. Writer and and presenter: Rory Stewart Producer: Dan Tierney Mixing: Tony Churnside Editor: Tim Pemberton Commissioning Editor: Dan ClarkeReadings by Rhiannon NeadsContributions across the series from:Alex Edmans - Professor of Finance at London Business School. Ani Rinchen Khandro - a life ordained nun in the Kagyu tradition of Tibetan Buddhism. Annette Martin - Assistant Professor in Philosophy at the University of Illinois, Chicago. Antony Gormley - sculptor. Carlo Rovelli - Theoretical physicist and Professor in the Department of Physics at Aix-Marseille University. Daniel DeNicola - Professor Emeritus of Philosophy at Gettysburg College in Pennsylvania – and author of ‘Understanding Ignorance: The Surprising Impact of What We Don't Know' (2018). Daniel Whiteson - Professor of Physics at The University of California, Irvine. Derek Black - Author of ‘The Klansman's Son: My Journey from White Nationalism to Antiracism' (2024). Edith Hall - Professor in the Department of Classics and Ancient History, at Durham University. Fabienne Peter - Professor of Philosophy at the University of Warwick. Felix Martin - economist and fund manager. Iain McGilchrist - Psychiatrist, neuroscience researcher, philosopher and literary scholar. James C. Scott - Anthropologist and Sterling Professor Emeritus in Political Science at Yale University. Jay Owens - Author of ‘Dust: The Modern World in a Trillion Particles' (2023). John Lloyd - Television and radio comedy producer and writer. Jonathan Evans, Baron Evans of Weardale - Former Director General of MI5. Karen Douglas - Professor of social psychology at the University of Kent. Mark Lilla - professor of humanities at Columbia University, New York City and author of ‘Ignorance and Bliss: On Wanting Not to Know' (2024). Martin Palmer - Theologian, sinologist and translator of Daoist and Confucian texts. Mary Beard - Professor of Classics at the University of Cambridge. Michael Ignatieff - Professor in the Department of History at Central European University in Budapest and former Leader of the Liberal Party of Canada. Neil Hannon - singer-songwriter and frontman of The Divine Comedy. Nicholas Gruen - policy economist and social commentator. Rik Peels - Professor of Philosophy, Theology and Religion at Vrije Universiteit Amsterdam and author of ‘Ignorance: A Philosophical Study (2023)'. Robert Beckford - Theologian and Professor of Climate and Social Justice at the University of Winchester. Rowan Williams - Theologian and former Archbishop of Canterbury. Sandrine Parageau - Professor of Early Modern British History at Sorbonne University and author of ‘The Paradoxes of Ignorance in Early Modern England and France' (2023). Stuart Firestein - Professor of Biological Sciences at Columbia University, New York City and author of ‘Ignorance: How It Drives Science' (2012). Tom Forth - data scientist, Head of Data at ‘Open Innovations' and co-founder of ‘The Data City'.

We prize knowledge, and rightly so. We think of ignorance as a bad thing. But ignorance is inseparable from what we know.Knowledge can distract us, mislead us and endanger us. While ignorance is often the most fundamental insight about our human condition. Ignorance is not simply the opposite of knowledge, but a positive force with its own momentum that gives meaning to our lives. It drives scientific discovery, fosters creativity and can be psychologically helpful. That's why Rory Stewart wants to make a radical case for embracing ignorance. He wants to encourage a way of knowing in which knowledge and ignorance exist in a relationship with each other.With a cast of global thinkers, drawing on Western and Eastern ideas from the ancient world to the present day, Rory explores how a greater awareness and appreciation of ignorance can help us become more clear-thinking, humble, empathetic and wise. Writer and presenter: Rory Stewart Producer: Dan Tierney Mixing: Tony Churnside Editor: Tim Pemberton Commissioning Editor: Dan ClarkeReadings by Rhiannon NeadsContributions across the series from:Alex Edmans - Professor of Finance at London Business School. Ani Rinchen Khandro - a life ordained nun in the Kagyu tradition of Tibetan Buddhism. Annette Martin - Assistant Professor in Philosophy at the University of Illinois, Chicago. Antony Gormley - sculptor. Carlo Rovelli - Theoretical physicist and Professor in the Department of Physics at Aix-Marseille University. Daniel DeNicola - Professor Emeritus of Philosophy at Gettysburg College in Pennsylvania – and author of ‘Understanding Ignorance: The Surprising Impact of What We Don't Know' (2018). Daniel Whiteson - Professor of Physics at The University of California, Irvine. Derek Black - Author of ‘The Klansman's Son: My Journey from White Nationalism to Antiracism' (2024). Edith Hall - Professor in the Department of Classics and Ancient History, at Durham University. Fabienne Peter - Professor of Philosophy at the University of Warwick. Felix Martin - economist and fund manager. Iain McGilchrist - Psychiatrist, neuroscience researcher, philosopher and literary scholar. James C. Scott - Anthropologist and Sterling Professor Emeritus in Political Science at Yale University. Jay Owens - Author of ‘Dust: The Modern World in a Trillion Particles' (2023). John Lloyd - Television and radio comedy producer and writer. Jonathan Evans, Baron Evans of Weardale - Former Director General of MI5. Karen Douglas - Professor of social psychology at the University of Kent. Mark Lilla - professor of humanities at Columbia University, New York City and author of ‘Ignorance and Bliss: On Wanting Not to Know' (2024). Martin Palmer - Theologian, sinologist and translator of Daoist and Confucian texts. Mary Beard - Professor of Classics at the University of Cambridge. Michael Ignatieff - Professor in the Department of History at Central European University in Budapest and former Leader of the Liberal Party of Canada. Neil Hannon - singer-songwriter and frontman of The Divine Comedy. Nicholas Gruen - policy economist and social commentator. Rik Peels - Professor of Philosophy, Theology and Religion at Vrije Universiteit Amsterdam and author of ‘Ignorance: A Philosophical Study (2023)'. Robert Beckford - Theologian and Professor of Climate and Social Justice at the University of Winchester. Rowan Williams - Theologian and former Archbishop of Canterbury. Sandrine Parageau - Professor of Early Modern British History at Sorbonne University and author of ‘The Paradoxes of Ignorance in Early Modern England and France' (2023). Stuart Firestein - Professor of Biological Sciences at Columbia University, New York City and author of ‘Ignorance: How It Drives Science' (2012). Tom Forth - data scientist, Head of Data at ‘Open Innovations' and co-founder of ‘The Data City'.

We prize knowledge, and rightly so. We think of ignorance as a bad thing. But ignorance is inseparable from what we know.Knowledge can distract us, mislead us and endanger us. While ignorance is often the most fundamental insight about our human condition. Ignorance is not simply the opposite of knowledge, but a positive force with its own momentum that gives meaning to our lives. It drives scientific discovery, fosters creativity and can be psychologically helpful. That's why Rory Stewart wants to make a radical case for embracing ignorance. He wants to encourage a way of knowing in which knowledge and ignorance exist in a relationship with each other.With a cast of global thinkers, drawing on Western and Eastern ideas from the ancient world to the present day, Rory explores how a greater awareness and appreciation of ignorance can help us become more clear-thinking, humble, empathetic and wise. Writer and presenter: Rory Stewart Producer: Dan Tierney Mixing: Tony Churnside Editor: Tim Pemberton Commissioning Editor: Dan ClarkeReadings by Rhiannon NeadsContributions across the series from:Alex Edmans - Professor of Finance at London Business School. Ani Rinchen Khandro - a life ordained nun in the Kagyu tradition of Tibetan Buddhism. Annette Martin - Assistant Professor in Philosophy at the University of Illinois, Chicago. Antony Gormley - sculptor. Carlo Rovelli - Theoretical physicist and Professor in the Department of Physics at Aix-Marseille University. Daniel DeNicola - Professor Emeritus of Philosophy at Gettysburg College in Pennsylvania – and author of ‘Understanding Ignorance: The Surprising Impact of What We Don't Know' (2018). Daniel Whiteson - Professor of Physics at The University of California, Irvine. Derek Black - Author of ‘The Klansman's Son: My Journey from White Nationalism to Antiracism' (2024). Edith Hall - Professor in the Department of Classics and Ancient History, at Durham University. Fabienne Peter - Professor of Philosophy at the University of Warwick. Felix Martin - economist and fund manager. Iain McGilchrist - Psychiatrist, neuroscience researcher, philosopher and literary scholar. James C. Scott - Anthropologist and Sterling Professor Emeritus in Political Science at Yale University. Jay Owens - Author of ‘Dust: The Modern World in a Trillion Particles' (2023). John Lloyd - Television and radio comedy producer and writer. Jonathan Evans, Baron Evans of Weardale - Former Director General of MI5. Karen Douglas - Professor of social psychology at the University of Kent. Mark Lilla - professor of humanities at Columbia University, New York City and author of ‘Ignorance and Bliss: On Wanting Not to Know' (2024). Martin Palmer - Theologian, sinologist and translator of Daoist and Confucian texts. Mary Beard - Professor of Classics at the University of Cambridge. Michael Ignatieff - Professor in the Department of History at Central European University in Budapest and former Leader of the Liberal Party of Canada. Neil Hannon - singer-songwriter and frontman of The Divine Comedy. Nicholas Gruen - policy economist and social commentator. Rik Peels - Professor of Philosophy, Theology and Religion at Vrije Universiteit Amsterdam and author of ‘Ignorance: A Philosophical Study (2023)'. Robert Beckford - Theologian and Professor of Climate and Social Justice at the University of Winchester. Rowan Williams - Theologian and former Archbishop of Canterbury. Sandrine Parageau - Professor of Early Modern British History at Sorbonne University and author of ‘The Paradoxes of Ignorance in Early Modern England and France' (2023). Stuart Firestein - Professor of Biological Sciences at Columbia University, New York City and author of ‘Ignorance: How It Drives Science' (2012). Tom Forth - data scientist, Head of Data at ‘Open Innovations' and co-founder of ‘The Data City'.

We prize knowledge, and rightly so. We think of ignorance as a bad thing. But ignorance is inseparable from what we know.Knowledge can distract us, mislead us and endanger us. While ignorance is often the most fundamental insight about our human condition. Ignorance is not simply the opposite of knowledge, but a positive force with its own momentum that gives meaning to our lives. It drives scientific discovery, fosters creativity and can be psychologically helpful. That's why Rory Stewart wants to make a radical case for embracing ignorance. He wants to encourage a way of knowing in which knowledge and ignorance exist in a relationship with each other.With a cast of global thinkers, drawing on Western and Eastern ideas from the ancient world to the present day, Rory explores how a greater awareness and appreciation of ignorance can help us become more clear-thinking, humble, empathetic and wise. Writer and presenter: Rory Stewart Producer: Dan Tierney Mixing: Tony Churnside Editor: Tim Pemberton Commissioning Editor: Dan ClarkeReadings by Rhiannon NeadsContributions across the series from:Alex Edmans - Professor of Finance at London Business School. Ani Rinchen Khandro - a life ordained nun in the Kagyu tradition of Tibetan Buddhism. Annette Martin - Assistant Professor in Philosophy at the University of Illinois, Chicago. Antony Gormley - sculptor. Carlo Rovelli - Theoretical physicist and Professor in the Department of Physics at Aix-Marseille University. Daniel DeNicola - Professor Emeritus of Philosophy at Gettysburg College in Pennsylvania – and author of ‘Understanding Ignorance: The Surprising Impact of What We Don't Know' (2018). Daniel Whiteson - Professor of Physics at The University of California, Irvine. Derek Black - Author of ‘The Klansman's Son: My Journey from White Nationalism to Antiracism' (2024). Edith Hall - Professor in the Department of Classics and Ancient History, at Durham University. Fabienne Peter - Professor of Philosophy at the University of Warwick. Felix Martin - economist and fund manager. Iain McGilchrist - Psychiatrist, neuroscience researcher, philosopher and literary scholar. James C. Scott - Anthropologist and Sterling Professor Emeritus in Political Science at Yale University. Jay Owens - Author of ‘Dust: The Modern World in a Trillion Particles' (2023). John Lloyd - Television and radio comedy producer and writer. Jonathan Evans, Baron Evans of Weardale - Former Director General of MI5. Karen Douglas - Professor of social psychology at the University of Kent. Mark Lilla - professor of humanities at Columbia University, New York City and author of ‘Ignorance and Bliss: On Wanting Not to Know' (2024). Martin Palmer - Theologian, sinologist and translator of Daoist and Confucian texts. Mary Beard - Professor of Classics at the University of Cambridge. Michael Ignatieff - Professor in the Department of History at Central European University in Budapest and former Leader of the Liberal Party of Canada. Neil Hannon - singer-songwriter and frontman of The Divine Comedy. Nicholas Gruen - policy economist and social commentator. Rik Peels - Professor of Philosophy, Theology and Religion at Vrije Universiteit Amsterdam and author of ‘Ignorance: A Philosophical Study (2023)'. Robert Beckford - Theologian and Professor of Climate and Social Justice at the University of Winchester. Rowan Williams - Theologian and former Archbishop of Canterbury. Sandrine Parageau - Professor of Early Modern British History at Sorbonne University and author of ‘The Paradoxes of Ignorance in Early Modern England and France' (2023). Stuart Firestein - Professor of Biological Sciences at Columbia University, New York City and author of ‘Ignorance: How It Drives Science' (2012). Tom Forth - data scientist, Head of Data at ‘Open Innovations' and co-founder of ‘The Data City'.

We prize knowledge, and rightly so. We think of ignorance as a bad thing. But ignorance is inseparable from what we know.Knowledge can distract us, mislead us and endanger us. While ignorance is often the most fundamental insight about our human condition. Ignorance is not simply the opposite of knowledge, but a positive force with its own momentum that gives meaning to our lives. It drives scientific discovery, fosters creativity and can be psychologically helpful. That's why Rory Stewart wants to make a radical case for embracing ignorance. He wants to encourage a way of knowing in which knowledge and ignorance exist in a relationship with each other.With a cast of global thinkers, drawing on Western and Eastern ideas from the ancient world to the present day, Rory explores how a greater awareness and appreciation of ignorance can help us become more clear-thinking, humble, empathetic and wise. Writer and presenter: Rory Stewart Producer: Dan Tierney Mixing: Tony Churnside Editor: Tim Pemberton Commissioning Editor: Dan ClarkeReadings by Rhiannon NeadsContributions across the series from:Alex Edmans - Professor of Finance at London Business School. Ani Rinchen Khandro - a life ordained nun in the Kagyu tradition of Tibetan Buddhism. Annette Martin - Assistant Professor in Philosophy at the University of Illinois, Chicago. Antony Gormley - sculptor. Carlo Rovelli - Theoretical physicist and Professor in the Department of Physics at Aix-Marseille University. Daniel DeNicola - Professor Emeritus of Philosophy at Gettysburg College in Pennsylvania – and author of ‘Understanding Ignorance: The Surprising Impact of What We Don't Know' (2018). Daniel Whiteson - Professor of Physics at The University of California, Irvine. Derek Black - Author of ‘The Klansman's Son: My Journey from White Nationalism to Antiracism' (2024). Edith Hall - Professor in the Department of Classics and Ancient History, at Durham University. Fabienne Peter - Professor of Philosophy at the University of Warwick. Felix Martin - economist and fund manager. Iain McGilchrist - Psychiatrist, neuroscience researcher, philosopher and literary scholar. James C. Scott - Anthropologist and Sterling Professor Emeritus in Political Science at Yale University. Jay Owens - Author of ‘Dust: The Modern World in a Trillion Particles' (2023). John Lloyd - Television and radio comedy producer and writer. Jonathan Evans, Baron Evans of Weardale - Former Director General of MI5. Karen Douglas - Professor of social psychology at the University of Kent. Mark Lilla - professor of humanities at Columbia University, New York City and author of ‘Ignorance and Bliss: On Wanting Not to Know' (2024). Martin Palmer - Theologian, sinologist and translator of Daoist and Confucian texts. Mary Beard - Professor of Classics at the University of Cambridge. Michael Ignatieff - Professor in the Department of History at Central European University in Budapest and former Leader of the Liberal Party of Canada. Neil Hannon - singer-songwriter and frontman of The Divine Comedy. Nicholas Gruen - policy economist and social commentator. Rik Peels - Professor of Philosophy, Theology and Religion at Vrije Universiteit Amsterdam and author of ‘Ignorance: A Philosophical Study (2023)'. Robert Beckford - Theologian and Professor of Climate and Social Justice at the University of Winchester. Rowan Williams - Theologian and former Archbishop of Canterbury. Sandrine Parageau - Professor of Early Modern British History at Sorbonne University and author of ‘The Paradoxes of Ignorance in Early Modern England and France' (2023). Stuart Firestein - Professor of Biological Sciences at Columbia University, New York City and author of ‘Ignorance: How It Drives Science' (2012). Tom Forth - data scientist, Head of Data at ‘Open Innovations' and co-founder of ‘The Data City'.

We prize knowledge, and rightly so. We think of ignorance as a bad thing. But ignorance is inseparable from what we know.Knowledge can distract us, mislead us and endanger us. While ignorance is often the most fundamental insight about our human condition. Ignorance is not simply the opposite of knowledge, but a positive force with its own momentum that gives meaning to our lives. It drives scientific discovery, fosters creativity and can be psychologically helpful. That's why Rory Stewart wants to make a radical case for embracing ignorance. He wants to encourage a way of knowing in which knowledge and ignorance exist in a relationship with each other.With a cast of global thinkers, drawing on Western and Eastern ideas from the ancient world to the present day, Rory explores how a greater awareness and appreciation of ignorance can help us become more clear-thinking, humble, empathetic and wise. Writer and presenter: Rory Stewart Producer: Dan Tierney Mixing: Tony Churnside Editor: Tim Pemberton Commissioning Editor: Dan ClarkeReadings by Rhiannon NeadsContributions across the series from:Alex Edmans - Professor of Finance at London Business School. Ani Rinchen Khandro - a life ordained nun in the Kagyu tradition of Tibetan Buddhism. Annette Martin - Assistant Professor in Philosophy at the University of Illinois, Chicago. Antony Gormley - sculptor. Carlo Rovelli - Theoretical physicist and Professor in the Department of Physics at Aix-Marseille University. Daniel DeNicola - Professor Emeritus of Philosophy at Gettysburg College in Pennsylvania – and author of ‘Understanding Ignorance: The Surprising Impact of What We Don't Know' (2018). Daniel Whiteson - Professor of Physics at The University of California, Irvine. Derek Black - Author of ‘The Klansman's Son: My Journey from White Nationalism to Antiracism' (2024). Edith Hall - Professor in the Department of Classics and Ancient History, at Durham University. Fabienne Peter - Professor of Philosophy at the University of Warwick. Felix Martin - economist and fund manager. Iain McGilchrist - Psychiatrist, neuroscience researcher, philosopher and literary scholar. James C. Scott - Anthropologist and Sterling Professor Emeritus in Political Science at Yale University. Jay Owens - Author of ‘Dust: The Modern World in a Trillion Particles' (2023). John Lloyd - Television and radio comedy producer and writer. Jonathan Evans, Baron Evans of Weardale - Former Director General of MI5. Karen Douglas - Professor of social psychology at the University of Kent. Mark Lilla - professor of humanities at Columbia University, New York City and author of ‘Ignorance and Bliss: On Wanting Not to Know' (2024). Martin Palmer - Theologian, sinologist and translator of Daoist and Confucian texts. Mary Beard - Professor of Classics at the University of Cambridge. Michael Ignatieff - Professor in the Department of History at Central European University in Budapest and former Leader of the Liberal Party of Canada. Neil Hannon - singer-songwriter and frontman of The Divine Comedy. Nicholas Gruen - policy economist and social commentator. Rik Peels - Professor of Philosophy, Theology and Religion at Vrije Universiteit Amsterdam and author of ‘Ignorance: A Philosophical Study (2023)'. Robert Beckford - Theologian and Professor of Climate and Social Justice at the University of Winchester. Rowan Williams - Theologian and former Archbishop of Canterbury. Sandrine Parageau - Professor of Early Modern British History at Sorbonne University and author of ‘The Paradoxes of Ignorance in Early Modern England and France' (2023). Stuart Firestein - Professor of Biological Sciences at Columbia University, New York City and author of ‘Ignorance: How It Drives Science' (2012). Tom Forth - data scientist, Head of Data at ‘Open Innovations' and co-founder of ‘The Data City'.

Gene Tunny welcomes Dr Nicholas Gruen from Lateral Economics to explore the decline of Australia's policy exceptionalism. They delve into the era of microeconomic reforms, the role of neoliberalism, and the challenges current policymakers face. Nicholas provides a historical perspective and discusses potential ways forward. He shares insights from his time advising the Hawke and Keating governments, discussing the successes and failures of Australia's economic reforms from the 1980s and 1990s.This is the last episode before a four-week break. Economics Explored will return in August 2024. If you have any questions, comments, or suggestions, please email us at contact@economicsexplored.com  or send a voice message via https://www.speakpipe.com/economicsexplored. What's covered in EP248Introduction to Australia's loss of policy exceptionalism. (0:00)Regulation, economics, and politics in Australia in the 1960s and 1970s. (4:59)Early Australian economic reform and its challenges. (10:45)Australian economic reform under Hawke and Keating governments. (16:20)Car industry policy. (21:36)Free education vs HECS - why was HECS a good reform? (32:06)Airline deregulation. (36:48)Privatisation of public assets and its consequences. (42:55)Economics of toll roads (48:18)TakeawaysSince the early 2000s, Australia seems to have lost the problem-solving spirit and policy exceptionalism of the 1980s and 1990s, struggling in various policy areas like energy.Impact of Neoliberalism: Neoliberal reforms, initially embraced by the left, significantly improved Australia's economic landscape but also led to unintended consequences.Key reforms included cutting tariffs, higher education policy changes, airline deregulation, and other competition policy reforms, but some privatised infrastructure assets have not been appropriately regulated post-privatisation.Challenges in Current Policy: Australia faces challenges in various policy areas, including energy and housing, indicating a need for renewed reform efforts.Moving forward will require reinvigorating honest, evidence-based policy conversations focusing on problem-solving rather than fixed ideological positions.Links relevant to the conversationNicholas's YouTube channel where Uncomfortable Collisions with Reality episode will be published:https://www.youtube.com/@NicholasGruenNicholas's Club Troppo post on economic reform featuring Colin Clark quote:https://clubtroppo.com.au/2008/03/01/compare-and-contrast/Lumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com.

Nicholas Gruen is the CEO of Lateral Economics, Patron of the Australian Digital Alliance, and a Visiting Professor at Kings College London.  In this episode, Nicholas discusses the limitations of traditional economic models and emphasises the importance of nuanced problem-solving. He advocates for critical thinking and an interdisciplinary approach to decision-making within complex economic systems, and asks if embracing another paradigm, in this case, complexity economics, is really the answer.    Resources and links: Lateral Economics website   Connect: Simplifying Complexity on Twitter Sean Brady on Twitter Sean Brady on LinkedIn Brady Heywood website This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.

Host Gene Tunny chats with Dr. Nicholas Gruen about economic forecasting and what recommendations former US Fed Chair Ben Bernanke could make in his current review of forecasting at the Bank of England. Nicholas, the CEO of Lateral Economics, discusses the shortcomings of economic forecasting and shares his insights into how it can be improved. The conversation was inspired by Nicholas's article in the Financial Times titled "How to Improve Economic Forecasting." The episode is split into two parts, with the second part focusing on the feedback Nicholas received on his article. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. About this episode's guest: Nicholas GruenDescribed by the Financial Times' Chief Economic Writer Martin Wolf as “a brilliant man who deserves to be better known”, and by former Finance Minister Lindsay Tanner as “Australia's foremost public intellectual”, Dr Nicholas Gruen is a policy economist, entrepreneur and commentator on our economy, society and innovation.What's covered in EP207[00:02:13] Ben Bernanke's review of economic forecasting at the Bank of England. [00:05:23] Hedgehogs and foxes. [00:09:36] Long-term issues with economic forecasting. [00:13:18] Improving economic forecasting techniques. [00:19:29] Forecasting accuracy. [00:24:30] Open sourcing economic forecasting. [00:26:29] Developing a forecasting market. [00:34:21] Tetlockian forecasting tournaments. [00:48:37] Wind in the Willows author Kenneth Grahame at the Bank of England.Links relevant to the conversationVideo versions of the conversations featured in this episode on Nicholas's YouTube channel:https://youtu.be/uJNU8z9148w?si=lk4jfQMWkVx1__Lehttps://youtu.be/KflFvpeC3iI?si=sFOaNruFTMet802jInformation on the Bank of England's Citizens' Panels/Forums:https://www.bankofengland.co.uk/about/get-involved/citizens-panelshttps://www.bankofengland.co.uk/about/get-involved/citizens-panels/the-uk-economy-insights-from-the-bank-of-englands-citizens-panelsMandarin column in which Nicholas declares former Bank of England Chief Economist Andy Haldane was “my favourite public servant in all the world”:https://www.themandarin.com.au/87423-now-time-complacency-rba-vs-bank-england-edition/Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.

Nicholas Gruen, CEO of Lateral Economics, and host Gene Tunny discuss the topics of ESG (Environmental, Social, and Governance) mandates and Liberty. They explore how ESG mandates can create confusion among executives and investors, and delve into Nicholas' perspective on Liberty, how to take it seriously and the best way to think about it. Nicholas tells a story from the early 1980s about how he tried to change Australia's laws which allow Parliament to lock people up for contempt of Parliament. The conversation also touches on Nicholas' concept of citizens' juries, which is gaining support internationally, including from Martin Wolf at the Financial Times.Nicholas Gruen, CEO of Lateral Economics, and host Gene Tunny discuss the topics of ESG (Environmental, Social, and Governance) mandates and Liberty. They explore how ESG mandates can create confusion among executives and investors, and delve into Nicholas' perspective on Liberty, how to take it seriously and the best way to think about it. Nicholas tells a story from the early 1980s about how he tried to change Australia's laws which allow Parliament to lock people up for contempt of Parliament. The conversation also touches on Nicholas' concept of citizens' juries, which is gaining support internationally, including from Martin Wolf at the Financial Times.Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. What's covered in EP199[00:01:32] Citizens' juries and economic policy. [00:02:41] Does divestment from emissions intensive firms reduce emissions?[00:06:47] Investing in fossil fuel companies to help them transition.   [00:11:58] Carbon pricing. [00:17:54] Australian consumers and carbon pricing. [00:23:26] A different mode of governance. [00:26:14] Liberty during the COVID pandemic. [00:30:46] House of Commons Privileges Committee. [00:34:32] Safeguards and legitimacy in governance. [00:40:25] Rushed legislation during a pandemic. [00:43:33] High level political discussion. [00:50:06] Managing a crisis.Links relevant to the conversationNicholas's YouTube channel:https://www.youtube.com/@NicholasGruenVideos of conversations featured this episode:Why ESG is a puppet show and what to do about it  Liberty: Safety from tyranny or doing what you like?Club Troppo posts:https://clubtroppo.com.au/2023/07/11/why-esg-is-a-puppet-show-and-what-to-do-about-it/https://clubtroppo.com.au/2021/08/22/lockdowns-and-liberty/Regarding the journalists locked up the Australian Parliament in the 1950s:https://clubtroppo.com.au/2021/08/22/lockdowns-and-liberty/Freakonomics episode on ESG that Nicholas mentions:https://freakonomics.com/podcast/are-e-s-g-investors-actually-helping-the-environment/Thanks to Obsidian Productions for mixing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.

Show host Gene Tunny talks with Dr. Nicholas Gruen, CEO of Lateral Economics, about the increasing focus of governments on wellbeing. For instance, former NZ PM Jacinda Ardern rebranded the national budget as a Wellbeing Budget, Wales has a Futures Generations Commissioner, and Australia is developing a new wellbeing framework, Measuring What Matters. Gene and Nicholas discuss the limitations of the current top-down approaches and platitudes, and consider potential solutions for better integrating wellbeing into policymaking. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. What's covered in EP187What is the “well-being agenda”? (2:44)The “Easterlin paradox”. (5:08)How do you make these judgments? How do you measure well-being? (10:50)How is this relevant for policy? Should governments be tracking this broader measure? (28:36)Is complexity a plus or a minus in the Treasury wellbeing framework? (33:39)Why do you need a framework? (40:02)Good examples of programs which could improve wellbeing. (44:29)The importance of being connected to family and friends. (53:42)Links relevant to the conversationNicholas Gruen's YouTube channel:https://www.youtube.com/@NicholasGruenVideo version of this episode on Nicholas's Uncomfortable Collisions with Reality podcast:Wellbeing: can we escape the iron law of business-as-usualMeasuring what matters — second consultation process | Treasury.gov.auFairfax Lateral Economics Index of Australia's Wellbeing Final Report (the HALE index discussed in the conversation)Thanks to Obsidian Productions for mixing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.

In this episode of the Economics Explored podcast, host Gene Tunny interviews Professor Larry Marsh about his proposal for a new monetary policy tool that uses a central bank digital currency (CBDC) to end inflation without causing a recession. They also discuss the disconnect between the financial sector and the real economy. Larry Marsh is Professor Emeritus in the Department of Economics at the University of Notre Dame and author of the book "Optimal Money Flow." Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. What's covered in EP184What is optimal money flow according to Prof. Marsh? [1:28]What is the role of government in controlling the economy? [6:24]A helicopter drop of money [13:58]What is the idea of a Federal Reserve/central bank digital currency (CBDC)? [18:56]Fractional Reserve Banking [23:08] Narrow banking as a solution to the banking sector problems [24:55]A good example of an all-employee owned company: Burns & McDonnell, Kansas City, MO [31:31]What Larry describes as a winner-takes-all economy [34:37] The invisible hand of the market [37:43]Gene's wrap up: How the current monetary policy tightening is causing hardship in many economies, it may well be worth experimenting with a new monetary policy tool [43:47]Links relevant to the conversationLarry Marsh's Optimal Money Flow website:https://optimal-money-flow.website/Where you can purchase Larry's Optimal Money Flow book:https://www.avila.edu/optimal-money-flow/AEA conference session in which Larry presented his idea for the new monetary policy tool using a CBDC (presentation available for download):https://www.aeaweb.org/conference/2023/program/1335Australian ABC News article referring to Nicholas Gruen's savings policy proposal mentioned by Gene in the episode:https://www.abc.net.au/news/2023-02-12/raising-interest-rates-reserve-and-bank-and-inflation-management/101952926Nicholas's 1999 paper outlining the policy proposal:https://lateraleconomics.com.au/wp-content/uploads/2014/02/AvoidingBoomandBust.pdfLinks to videos on China a listener sent me in response to EP182 with Dr Jonathan D T Ward: Prepare for Armageddon: China's warning to the world | 60 Minutes AustraliaTwo Davids & Goliath | David Matas & David Kilgour | TEDxMünchenAmerica Just KILLED China's Tech Industry

Slouching Towards Utopia is the new book from Brad DeLong, Professor of Economics at University of California, Berkeley. Professor DeLong joins show host Gene Tunny to discuss the long twentieth century from 1870 to 2010. The conversation considers the three factors which came together to massively raise living standards post-1870, and how nonetheless we've struggled to achieve the Utopia that once appeared possible. The “neoliberal turn” beginning in the 1970s and 1980s is considered, and DeLong explains why he writes that “Hayek and his followers were not only Dr. Jekyll–side geniuses but also Mr. Hyde–side idiots.”You can buy Slouching Towards Utopia via this link:https://amzn.to/3TK4evmPlease get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. HighlightsThe big story after 1870: technological progress becomes rapid, the technological competence of the human race globally doubles every generation. [6:50]The importance of industrial research labs in the big story since 1870 [16:35]The role of the modern corporation [18:23]Globalization in the late nineteenth century and pre WWI [23:25]How bad governance can make a country very poor very quickly [29:09]The neoliberal turn [35:56]Prof. DeLong thinks the big lesson of history is that trying to maintain social and economic systems past their sell-by date doesn't work [58:28]About this episode's guest: Brad DeLongBrad DeLong is a professor of economics at U.C. Berkeley, a research associate of the National Bureau of Economic Research, a weblogger at the Washington Center for Equitable Growth, and a fellow of the Institute for New Economic Thinking. He received his B.A. and Ph.D. from Harvard University in 1982 and 1987. He joined UC Berkeley as an associate professor in 1993 and became a full professor in 1997.Professor DeLong also served in the U.S. government as Deputy Assistant Secretary of the Treasury for Economic Policy from 1993 to 1995. He worked on the Clinton Administration's 1993 budget, on the Uruguay Round of the General Agreement on Tariffs and Trade, on the North American Free Trade Agreement, on macroeconomic policy, and on the unsuccessful health care reform effort.Before joining the Treasury Department, Professor DeLong was Danziger Associate Professor in the Department of Economics at Harvard University. He has also been a John M. Olin Fellow at the National Bureau of Economic Research, an Assistant Professor of Economics at Boston University, and a Lecturer in the Department of Economics at M.I.T.Links relevant to the conversationBrad DeLong's substack:https://braddelong.substack.com/DeLong on Hobsbawm's short 20th century (1914 to 1989) compared with his long 20th century:https://www.bradford-delong.com/2016/12/the-short-vs-the-long-twentieth-century.htmlRe. Yegor Gaidar's analysis of the collapse of the Soviet Union:https://sites.dartmouth.edu/asamwick/2007/06/08/the-soviet-collapse-grain-and-oil/Lant Pritchett's book Let Their People Come: Breaking the Gridlock on Global Labor Mobility:https://www.cgdev.org/sites/default/files/9781933286105-Pritchett-let-their-people-come.pdfCreditsThanks to Brad DeLong for a great conversation, Nicholas Gruen for connecting Gene with Prof. DeLong, and Josh Crotts for mixing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Please consider signing up to receive our email updates and to access our e-book Top Ten Insights from Economics at www.economicsexplored.com. 

Australian economist Nicholas Gruen joins the show -- and he's got some big ideas to get us past partisanship in democracy. How do you bridge the divide and bring people together to actually advance policy ideas? How do you pull people out of their partisan tribes? Find out about Nicholas's revolutionary idea and how he thinks we can get there. Follow Nicholas on Twitter @NGruen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nicholas Gruen is a widely published policy economist, entrepreneur and commentator. He has advised Cabinet Ministers, sat on Australia's Productivity Commission and founded Lateral Economics and Peach Financial. We discuss: Fast foodification of Democracy Isegoria, or equality of speech Pros and Cons of a citizen jury How citizen juries help in nuanced policy discussions Using philanthropy for political experiments And MUCH more! Follow Nicholas on Twitter at https://twitter.com/NGruen1 and read his essays at https://clubtroppo.com.au

I'll be talking to Cat Long, the CEO of Trace, a company set up to help businesses and individuals reduce and/or offset their carbon footprint. And I'll be talking to economist Nicholas Gruen about ways to manage our superannuation,Morrison government gave more than $13 billion of taxpayers' money as JobKeeper to firms with rising revenue.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.

The rise in mental health problems caused by the lockdowns in Victoria and NSW have already cost $1 billion in lost productivity and those aged 15 to 25 are likely to be the worst affected, according to updated modelling by the University of Sydney's Brain and Mind Centre. The figure builds on earlier modelling by the centre that estimated the productivity cost of the COVID-19 pandemic at more $20 billion a year due to a projected increase in psychological distress, hospitalisations and suicide. The centre's modelling considers the initial and ongoing cost of increased mental health illness to the health system and the wider economy. This includes estimates of the costs of increased suicide; the costs of caring for the increases in people self-harming and having suicidal thoughts; and estimates of the reduction in productive output of those affected by mental illness. Professor Ian Hickie, the former Mental Health Commissioner, warned the growing COVID-19-related mental health crisis, especially for young people, had become a “shadow pandemic”. Business support for mandating Covid vaccinations in workplaces is growing, with a national survey of 700 companies finding a quarter would like compulsory jabs of their employees. An Australian Industry Group survey of business attitudes to mandatory Covid vaccination in workplaces found more than half were in favour of some form of mandating. 24% said they would like to mandate Covid vaccinations for some or all of their employees; and 27% said they would like Covid vaccinations to be mandated only through a health order related to their industry.Almost 7000 COVID-19 jabs have been administered to critical workers in the food and freight sectors from Sydney's hardest-hit local government areas Co-operation between major employers and the federal government's Operation COVID Shield rollout effort has seen staff of supermarket and food giants Coles, Woolworths, Aldi, OzHarvest and Metcash vaccinated across 19 sites. About 1000 doses have been administered to employees at freight firms Linfox and DHL, according to federal government data. Ahead of a major expansion of workplace vaccinations in coming months, about 6000 Commonwealth Bank and Westpac employees in hotspot local government areas are being jabbed in a pilot phase. Rollout boss Lieutenant General John Frewen is working with the retail and university sectors on workplace vaccinations, and sporting bodies in AFL, tennis, soccer and netball are expected to be included.Hutchison Ports and DP World have told wharfies they must get the jab to come to work next week as new rules introduced by the NSW government ratchet up pressure on employers to mandate vaccinations. The stevedores advised hundreds of workers they could not work at their Port Botany terminals, located in one of the hotspot local government areas in south-western Sydney, from August 30 if they have not had their first dose of a COVID-19 vaccination. The directions confirm what employer groups suspect thousands of employers might be forced to do after the introduction of rules requiring authorised workers in 12 Sydney local government areas to be vaccinated if they work outside their LGA, unless their workplace uses rapid antigen testing. Fully vaccinated travellers will be able to claim 1000 Qantas frequent flyer points, 15 status credits to move up the loyalty tiers and a $20 discount on Qantas and Jetstar flights from tomorrow. It is part of a new initiative from the airline to encourage vaccinations. Frequent Flyer members who claim the rewards will automatically enter a prize draw to get free accommodation at Accor hotels and free fuel from BP service stations. Prize winners will also get a free international flight on Qantas or Jetstar when borders re-open, projected for mid next year. There will be 10 winners overall – one selected from each state and territory, with another two winners chosen from a national pool. The Porsche-driving mortgage broker who filmed dying police officers at a horrific multi-vehicle accident last year has been banned by the corporate cop from providing financial services or credit for at least a decade. Richard Pusey, whom a judge dubbed “the most hated man in Australia”, was banned from performing any function relating to carrying on a financial services or credit business earlier this month by the Australian Securities and Investments Commission. An investigation found the 43-year-old mortgage broker and insurance salesman had given the regulator as many as seven false statements in licence applications and compliance documents. The regulator declared he “is not a fit and proper person to participate in the financial services and credit industries”. In a statement, ASIC said Mr Pusey “has no regard for the law”, “lacks the attributes of good character, honesty, and judgment” and “cannot be relied upon to comply with directions issued from authorities”. ASIC added Mr Pusey “is likely to contravene credit legislation and financial services legislation”. Mr Pusey is in custody awaiting sentencing after pleading guilty to assaulting a woman at his home, and two road rage incidents. Mr Pusey also pleaded guilty to menacing a Westpac bank employee in a series of messages in 2019 following a credit card dispute.Australian electric car charging network JOLT plans to install 5000 free fast chargers across capital cities after Blackrock, the world's largest asset manager, bought a stake in the company and pledged an initial $100 million towards building the network. Drivers using JOLT chargers would receive 7 kWh – equivalent to about 45 kilometres of driving – for free, and be charged for power drawn after that. JOLT would also make money from advertising sold on its charging stations. All the power it sells will be renewable and the installation of the charging points is expected to begin in Sydney in September. JOLT operates charging stations in Adelaide. Charlie Reid, a managing director of BlackRock's Global Renewable Power team, said for the world to reach net zero emissions by 2050, the last internal combustion car engine would need to be sold by 2035. He said this would happen globally and in Australia, whatever government policies were in place, as Australia imported its vehicles.Supermarket giant Woolworths has responded to the push by many shoppers for faster online deliveries, striking a deal with Uber Eats for groceries and fresh fruit and vegetables to be delivered from some of its Woolworths Metro outlets within an hour. Woolworths is starting a trial for Uber Eats drivers to deliver goods ordered from 12 Woolworths Metro stores in Sydney and Melbourne. It aims to roll out the service to about 200 Woolworths outlets by early next year. Woolworths operates 996 large supermarket outlets and 78 Woolworths Metro stores, which have a smaller footprint and are generally positioned in inner-city locations to capture customers and commuters buying smaller amounts of groceries, but more frequently. But the Woolworths Metro format has suffered in the pandemic as more people worked from home and CBDs emptied out. Woolworths in June booked a $50 million write-down on the value of 13 Metro locations located in CBDs or near major train stations, which have borne the brunt of the work-from-home shift.Right-wing extremists are using platforms such as YouTube, PayPal and Buy Me A Coffee to raise money to support their nefarious activities, says the Australian Strategic Policy Institute, which is calling for anti-money-laundering laws to apply to more technology businesses. ASPI analyst Ariel Bogle wants the federal government to develop a centralised hate crime and statistics database to track and understand the financial activities of extremists operating in Australia. She is also calling for regulators to consider whether emerging platforms have obligations under laws such as the Anti-Money-Laundering and Counter-Terrorism Financing Act and the Proceeds of Crime Act.About 7000 truckies at Toll Transport will strike across the country on Friday, disrupting parcel and food deliveries at the height of the pandemic. The Transport Workers Union confirmed drivers would stop work for 24 hours after Toll refused to drop bargaining claims in crisis talks on Monday, including that part-time staff work up to 38 hours a week without overtime and new drivers work six to 12 month contracts. The stoppage is the first national strike in road transport in more than a decade and comes as home deliveries have surged following stay-at-home orders for more than 14 million people in NSW and Victoria.And the profit reporting season continues. Kogan's net profit plunged 87% to just $3.5 million in 2021. Takeover target Afterpay has widened its net loss to $159.4 million in financial 2021, versus $22.9 million in the prior year. Australia's biggest smash repair outfit AMA Group reported a $99.1 million statutory loss for the year. Chorus EBITDA rose slightly to $NZ649 million during the year, up only slightly on $NZ648 million in the 2020 financial year. Its net profit after tax fell to $47 million, from $NZ52 million, and operating revenue dipped to $NZ947 million, from $NZ959 million Reliance Worldwide revenue rose 15.3% to $1.16 billion while net profit climbed 110.5% to $188.2 million. oOh!media's revenue for the period was up 23% to $251.6 million, while earnings before interest, taxes, depreciation, and amortisation more than tripled to $33.3 million. The company reported a $9.3 million net loss after tax compared to a loss of $28 million in the prior comparable period. GPI Property Group's net profit fell to $22.96 million, down from $66.74 million a year earlier. NIB's underlying revenue rose 2.9% to $2.6 billion however its net profit rose 84.5% to $160.5 million. Hotels and cinemas operator Event Hospitality and Entertainment has posted a 45.4% fall in financial 2021 revenue to $449.3 million. It narrowed its statutory loss 15.7% to $48 million on EBITDA of $27.2 million. Mining contractor MACA's net profit after tax jumped 219% to $20.7 million following the $17.4 million loss it reported last year. Ampol's EBIT rose to $340 million, from $221 million a year ago. Michael Hill's net profit rose 15-fold to a record $45.3 million in 2021. Charter Hall reported post-tax operating earnings of $284.3 million. Latitude delivered an 81% rise in cash profits, to $121 million. Ansell sales rose 25.6% to $US2.02 billion while EBIT climbed 56% to $US338 million and profit firmed 57.5% to $US246.7 million. Perenti Global's net profit after tax and amortisation in the second half of the 2021 financial year improved by $75.3 million from a first-half statutory loss of $63.8 million to a statutory gain in the second half of $11.5 million. Underlying net profit after tax and amortisation fell from $211.7 million to $170.8 million. HUB24 reported net profit after tax of $15 million, up 53%, and underlying group earnings before interest, taxes, depreciation, and amortisation of $36.2 million which was a 47% increase on FY20. Monadelphous Group's revenue rose 18% to $1.75 billion while profit climbed 29% to $47.1 million. The Westfield Australia real estate trust Scentre Group has reported its operating profit for the half year to June 30 climbed 27.5% to $460.1 million on property revenue up 21.3% to $1.064.8 million. Total revenue fell 1.2% to $1081.4 million. Alumina's net profit dipped 19% to $US73.6 million. Carbon Revolution revenue declined 10% to $34.9 million as the company reported a $32 million loss after tax. Oil Search's revenue climbed 7% to $US667.7 million in the first half of the year while core net profit soared 463% to $139 million. Nanosonics' full year revenue was up 3% to $103.1 million for the period with an operating profit before tax of $11 million, down from $12.4 million in FY20. Voice communication software provider MNF Group's recurring revenue rose 12% to $113.2 million, while EBITDA increased 13% to $43.1 million, sitting at the top end of market guidance. Estia Health's revenue rose 4.4% to $665.4 million while profit after tax rose to $6 million following a $116.9 million loss a year earlier. Austal's net profit after tax came in at $81.1 million, down from $89 million in FY20. Superloop's total revenue rose 2.9% to $110.7 million during the year however it still reported a loss of $31.9 million for the year. Sleep treatment specialist SomnoMed has narrowed its full-year net loss to $1.18 million and lifted revenue 9% to $62.7 million for financial 2021. ReadyTech's underlying net profit after tax and amortisation rose 27% to $10.6 million. Local fund manager VGI Partners delivered a normalised net profit after tax of $42.9 million for the half-year to the end of June. Fertility specialist Monash IVF has hiked its adjusted net profit 61.5% to $23.3 million on revenue up 26.3% to $183.6 million for financial 2021. Statutory net profit climbed 116.9% to $25.5 million, with the adjusted profit number excluding the impact of JobKeeper subsidies. Viva Energy's gross profit firmed 17% to $788.9 million. Mt Gibson's sales revenue dipped to $329.7 million, from $445.2 million a year earlier, while net profit slid 24% to $92.1 million. Wagner Holdings reported net profit after tax of $10 million. Financial software player Bravura Solutions reported 13.8% fall in financial 2021 profit to $34.6 million. Northern Star's net profit climbed 299.7% to $1.03 billion. Medibank Private's net profit advanced 39.8% to $441.2 million. Sky City's reported profit dipped 33.7% to $NZ156.1 million. Seven Group's net profit firmed 447.6% to $631.4 million. Zircon miner Iluka Resources has posted a half-year net profit up 61.7% to $129 million. Orocobre's losses widened 14.7% to $US59.6 million. IDP Education's earnings before interest and tax were $64.1 million, a 41% decrease on FY20. Adbri's net profit firmed 94.5% to $56.6 million. National Storage REIT grew underlying earnings by 28% to $86.5 million for the financial year that ended in June. Nine Entertainment's net profit firmed 76% to $277.5 million. APA Group's profit after tax 98.8% to $3.68 million due to significant one-off items. Engineering Group Worley's net profit fell 50% to $86 million in financial 2021. IVE Group's net profit rose to $29.5 million, improving on the $20.2 million loss from a year earlier. Growthpoint Properties has posted a financial 2021 statutory net profit of $553.2 million, versus $272.1 million in the prior year. McMahon Holdings' Statutory net profit rose 19% to $77.2 million. Ferries and bus operator Sealink reports its underlying net profit climbed 152.6% in financial 2021 to $74.7 million. Aurelia Metals' net profit firmed 46% to $42.9 million. Green whistle painkiller merchant Medical Developments has swung to a net loss of $12.6 million. Clearview Wealth reported a 54% increase in underlying net profit after tax to $22.7 million. Dalrymple Day Infrastructure reported net profit of $113.2 million. Sunland Group's net profit after tax surged from $2.4 million in FY20 to $24.9 million in FY21. Ridley's EBITDA climbed $9.6 million to $69.1 million while total comprehensive income climbed to $29.9 million following a loss of $10.7 million a year earlier. E-commerce business MyDeal has swung to a $5.9 million loss. Zip Co has reported a staggering $652.5 million loss. Pent-up demand for youth fashion helped Universal Store lift net profit by 90% to $24.4 million in 2021.And that's it for this week. And next week, I'll be talking to Cat Long, the CEO of Trace, a company set up to help businesses and individuals reduce and/or offset their carbon footprint. And I'll be talking to economist Nicholas Gruen about ways to manage our superannuation.In the meantime you can catch me on Facebook, Twitter and LinkedIn. And if you want leave a comment. Wishing you all a safe and healthy week. And looking forward to bringing you Talking Business next week Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.

David Graeber's BS jobs thesis (previously covered in EP95) lacks microeconomic foundations, according to Dr Nicholas Gruen. In EP97, Economics Explored host Gene Tunny speaks with Nicholas about BS jobs and also about Central Bank Digital Currency (CBDC). Nicholas is a big believer in the potential of CBDC, which he has written about in the Financial Times. About Dr Nicholas GruenDr Nicholas Gruen is a policy economist, entrepreneur and commentator on our economy, society and innovation. He is CEO of Lateral Economics, Visiting Professor at Kings College London Policy Institute and Adjunct Professor at UTS Business School.He was a Chairman of the Open Knowledge Foundation (Australia) (ending 2020), Chairman of international aged care management software provider Health Metrics (ending 2019), Council Member of the National Library of Australia (ending 2016), chaired the Federal Government's Innovation Australia (ending 2014) and chaired the Australian Centre for Social Innovation (TACSI) (ending 2016).He was the founding chair of Kaggle which was sold to Google and is an investor in numerous other Australian and international start-ups. He was also founding chair of HealthKit (now Halaxy).He has advised Cabinet Ministers, sat on Australia's Productivity Commission and founded Lateral Economics and Peach Financial in 2000.Links relevant to the conversationRe. BS jobs:https://queenslandeconomywatch.com/2021/07/10/people-escaping-bs-jobs-covered-in-my-latest-podcast-episode-and-going-into-business-for-themselves/#commentshttps://www.griffithreview.com/articles/trust-competition-delusion-gruen/Re: CBDCs:https://clubtroppo.com.au/2021/05/19/central-banks-get-serious-on-digital-currencies-2/https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asphttps://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economyPlease send any questions, comments, or suggestions to contact@economicsexplored.com

Nicholas is a prominent Australian economist, and has chaired various Australian government groups and initiatives as well as Kaggle, where he was an early investor. Lindsay Tanner has described him as "Australia's foremost public intellectual". We cover: Toyota, Tech and Isegoria Problems with technological scale vs human-centred design Our inability to solve child abuse and indigenous disadvantage Corporate value phoniness The surreal waste of government programs Mentorship Interesting people Investment philosophy The Australian Dream and Australian identity The meaning of life and what Nicholas would do with a billion dollars New banking initiatives Plain packaging cigarettes Regrets and the long shadow of the Holocaust A Poem Advice he'd give his younger self “We need the eggs”, a joke that gets better with age https://www.youtube.com/watch?v=W-M3Q2zhGd4

Nicholas Gruen speaks to Tom about his favourite records, including Paul Simon's "The Boy In The Bubble", how the demise of pop culture and politics began with fast food and continued with social media, his book, "Together: rethinking community and competition in the age of Facebook" and how he thinks we could fix our ailing democracies: https://tinyurl.com/36wpd255. This episode is brought to you by Lumie, the original inventors of wake-up lights, whose Bodyclock Luxe 750DAB wake-up light mimics a natural sunrise and sunset. Shown to improve quality of sleep and to boost productivity in clinical trials, this remarkable device also features high quality audio with DAB+ radio, Bluetooth speakers, USB port and a selection of over 20 sleep/wake sounds. The Lumie Bodyclock Luxe 750DAB can transform the way you start and end your day, especially if you struggle to wake up in the morning and/or get to sleep at night - it certainly did for me. Go to lumie.com to find out more. This episode is brought to you by Modal Electronics, who make beautiful, innovative and powerful synthesisers. You can enjoy vibrant wavetable patches with their ARGON8 series. You can produce state-of-the-art analogue-style synth textures with their COBALT8 series. Go to modalelectronics.com to check out their incredible array of synthesisers.

In a March 2021 Financial Times article Dr Nicholas Gruen proposed an independent fiscal policy advisory body so that fiscal policy is freed from political tinkering. Economics Explored host Gene Tunny speaks with Dr Gruen about his proposal in this episode. Dr Gruen is CEO of Lateral Economics and a Visiting Professor at King's College, London.  He has advised Australian Government Ministers, including an Australian Treasurer, and is a renowned angel investor (e.g. in Kaggle which was acquired by Google). Dr Gruen blogs regularly at Club Troppo.Links relevant to the conversation include:Dr Gruen's FT article:Fiscal policy should be freed of political tinkeringDr Gruen's 2001 OECD Journal of Budgeting paper:Greater Independence for Fiscal InstitutionsEdmund Burke quote

On this episode, I interview Dr Nicholas Gruen, one of Speedlancer's investors and advisors. He is most known as a prominent economist, and I turned to him in this discussion for his thoughts on modern monetary policies during a tumultuous 2020, given the Covid-19 pandemic. We also touched on the promise of Bitcoin, and how it fits into the picture. I hope you enjoy! (Recorded Dec, 2020)

"Athenian Democracy and the Socratic method of communication" A very insightful interview with Nicholas Gruen, Lateral Economics talk to us in depth about the fundamentals of Athenian Democracy and how this approach to decision making could make such a big difference to our society today. Christopher Gribbin, Public speaker, ancient Greek and Roman historian, summer school teacher and co-ordinator, tour leader, researcher and writer taking us through the fundamentals of the Socratic Method of communication.

Nicholas Gruen is an economist, entrepreneur and commentator. He is CEO of Lateral Economics. He spoke to us recently about Modern Monetary Theory and the short-term future of the Australian economy.

This episode is a review of the big issues covered in recent Economics Explained episodes on coronavirus. Economics Explained host Gene Tunny and Brisbane-based businessman Tim Hughes of Urban Ergo react to excerpts of recent episodes and discuss the important policy issues regarding coronavirus. TimestampsUse these (approximate) timestamps to jump right to the highlights:1:40 – radical uncertainty around coronavirus impacts, featuring an excerpt from EP33 with Prof. John Kay CBE11:40 – discussion of issues around re-opening economies and whether we’re “putting a price tag on human life”, featuring an excerpt from EP32 with Dr Dan Mitchell20:00 – discussion of Benno Torgler’s paper on certified corona-immunity (check out EP30 with Prof. Benno Torgler)24:10 – discussion of an excerpt of my conversation with Joe Branigan on how we pay for the coronavirus response (EP31 with Joe Branigan)30:10 – reference to the Quantity Theory of Money33:40 – discussion of Dr Dan Mitchell’s views on bailouts43:10 – discussion of Australia’s COVIDSafe appOther recent coronavirus-related episodes not yet mentioned include:EP28 with Dr Nicholas Gruen on coronavirus policy responsesEP27 with Michael Knox from Morgans on coronavirus, machine trading & financial markets

Would strong early action on coronavirus have been better, from both public health and economic perspectives, than the incremental policy responses we have seen in countries such as Australia and the US? In this episode, Economics Explained host Gene Tunny discusses policy responses to coronavirus with Dr Nicholas Gruen, CEO of Lateral Economics. Nicholas is a Visiting Professor at King’s College, London, and former Chair of several government, non-profit, and private sector organisations, including Innovation Australia and Kaggle.TimestampsUse these (approximate) timestamps to jump right to the highlights:4:00 – Nicholas discusses his recent article on coronavirus policy PANIC IS OUR FRIEND! which argues in favour of strong, early action on coronavirus, rather than the incremental ramping up of restrictions we have seen7:50 – Nicholas notes these decisions are challenging because panic itself has costs, as argued by Paul Frijters in his article The Corona Dilemma12:30 – discussion of John Quiggin’s Option value post on the benefits of early action 14:05 – Nicholas suggests policy makers should follow Google’s example and experiment and AB test policy responses, generating feedback to improve policies 15:05 – discussion of what Ben Shapiro calls The Un-askable Question26:35 – Nicholas observes “when things change they become highly unpredictable” in our discussion of what coronavirus could mean for our future economic system36:00 – conclusion of discussion with a quote from Nicholas’s article: “Right now, panic is the friend of anyone who doesn’t want to get this disease, which continues to surprise on the downside (i.e. the bad side).”

Hi and welcome to the Designing Open Democracy Podcast. We are an Australian based forum keeping track of democracy innovations in Australia and around the world.For this episode recorded on the 3rd of March 2020, I visited a prominent Australian economist named Nicholas Gruen, CEO of Lateral Economics.As frequent commentator on economic reform as well as innovation, he will be joining us for this episode to explore the concept of Citizens' Juries and how it could be implemented in Australia and other countries.Here is some links and concepts referenced in this talk:Considered Opinion Of The PeopleCitizens' Juries Wikipedia Page: https://en.wikipedia.org/wiki/Citizens%27_juryFor this quote in this talk: "How we build online tools that amp down the aggro and qualify good contribution" it is in reference to this article "The middleware of democracy. Or from knowledge to wisdom: or at least knowledge 2.0" that was posted on July 30, 2014 by Nicholas Gruen found from this link http://clubtroppo.com.au/2014/07/30/from-knowledge-to-wisdom-or-at-least-knowledge-2-0/Gruen: detox democracy through representation by random selection: https://www.themandarin.com.au/75323-nicholas-gruen-detoxing-democracy/Nicholas Gruen Organisation Lateral Economics: https://lateraleconomics.com.au/Nicholas Gruen's Wikipedia Page: https://en.wikipedia.org/wiki/Nicholas_GruenIsegoria - (Noun) Equality of all in freedom of speech: https://en.wiktionary.org/wiki/isegoriaTo reach out to Nicholas Gruen his email is: ngruen@gmail.comOther Organisations Referenced In This Talk:Flux PartyMiVoteProportional Representation Society of Australiahttps://newvote.org/https://www.newdemocracy.com.au/Episode Discussion Page: https://discuss.designingopendemocracy.com/t/podcast-isegoria-the-way-citizens-juries-deliver-it-how-elections-destroy-it-nicholas-gruen-ceo-of-lateral-economics/195/1

Competition is often seen almost as a universal good. But economist Nicholas Gruen says a slavish adherence to making everything a competition is damaging our trust in public institutions. Also, the Belgian community trialling an ancient form of democracy. And if big data is made collectively, would nationalising it help to ensure the benefits are widely distributed?

Australian economist and federal Member of Parliament Dr Andrew Leigh is interviewed about his new book with co-author Professor Joshua Gans Innovation + Equality: How to Create a Future that is More Star Trek than Terminator, published by MIT Press in 2019. This wide-ranging conversation covers a range of issues, including labour market impacts of digital disruption, universal basic income, and how to improve teacher effectiveness, among other issues.Use these timestamps to jump right to the highlights:4:20 – impact of AI and automation on jobs9:50 – criticisms of Universal Basic Income – fiscal critique and the fact work brings meaning – in which Andrew mentions Blanchflower and Oswald study Wellbeing over time in Britain and the USA11:05 – Andrew advises young people not to over-specialise15:20 – innovation is generally good for the economy and society, so Andrew rejects Bill Gates’s robot tax idea (see this Business Insider article)19.05 – Gene asks Andrew about Nicholas Gruen’s idea about public private partnerships for digital public goods (e.g. listen to Economics Explained episode 7)24:00 – Andrew tells us how we can connect with him, including by listening to his Good Life podcast24:40 – discussion of how to improve teach effectiveness, in which Gene asks about teachers’ unions and performance-based/teacher merit pay; check out Andrew’s 2012 paper The economics and politics of teacher merit pay (NB Gene mangled the end of his question, but Andrew got the gist of it, thankfully)28:45 – Andrew proposes assessing teacher quality policy measures via Randomised Controlled Trials (RCTs) This episode was recorded on 20 January 2020 via Skype.

Originally recorded on Monday, 21st August 2017. This event called Citizens' Democracy, introduces the idea of citizen juries and deliberative democracy. In the interest of podcast listeners, it is split to a 3 part series.For this podcast, Hubertus Hofkirchner will be presenting.Lateral Economics CEO Nicholas Gruen will be presenting his idea of Citizens Juries for improving democracy, then Austrian Chief Futurist and CEO of Prediki. Hubertus Hofkirchner, will talk about his proposal for a citizen parliament fresh from the Austrian elections via video link.After both speakers have spoken, a Q&A session was held with both speakers after their presentations.https://discuss.designingopendemocracy.com/

Originally recorded on Monday, 21st August 2017. This event called Citizens' Democracy, introduces the idea of citizen juries and deliberative democracy. In the interest of podcast listeners, it is split to a 3 part series.For this podcast, Nicholas Gruen will be presenting.Lateral Economics CEO Nicholas Gruen will be presenting his idea of Citizens Juries for improving democracy, then Austrian Chief Futurist and CEO of Prediki. Hubertus Hofkirchner, will talk about his proposal for a citizen parliament fresh from the Austrian elections via video link.After both speakers have spoken, a Q&A session was held with both speakers after their presentations.https://discuss.designingopendemocracy.com/

Use these timestamps to jump right to the highlights:3:55 – Quiggin on the relevance of the two lessons in economics for responding to climate change; 8:55 – Craig Lawrence on cost-benefit analysis;12:20 – Di Johnson on personal finance, particularly buying a house or unit;15:05 – Brendan Markey-Towler on behavioural economics;17:50 – Nicholas Gruen on digital public goods illustrated with 23andMe example; 21:45 – Andreas Chai on Randomized Controlled Trials in poverty alleviation;25:23 – Rebecca Archer on the media in this age of digital disruption; 26:54 – Darren Brady Nelson on the gig economy; 28:44 – Pascalis Raimondos on multinational tax avoidance; and31:02 – Leonora Risse on the gender pay gap. 

This episode features Professor John Quiggin, author of Economics in Two Lessons: Why Markets Work so Well, and Why they Can Fail So Badly. The book was published earlier this year by Princeton University Press. Economics Explained host Gene Tunny has reviewed the book on his blog (see Quiggin's Economics in Two Lessons should be on ECON101 reading lists for decades to come) and he was very happy to speak with Professor Quiggin about his book on the podcast. In addition to his own review, Gene recommends listeners check out Nicholas Gruen's remarks at the Melbourne book launch of Quiggin's book:There's no such thing as a free launch: Launching John Quiggin's Economics in Two LessonsProfessor Quiggin is the Vice-Chancellor’s Senior Fellow in Economics at the University of Queensland and is the author of, among other books, Zombie Economics: How Dead Ideas Still Walk Among Us. 

In this episode, Economics Explained host Gene Tunny discusses innovation and digital public goods with his colleague Dr Nicholas Gruen, CEO of Lateral Economics. Nicholas is a well-known Australian economist, entrepreneur, and angel investor. Australia’s former Finance Minister Lindsay Tanner once described Nicholas as “Australia’s foremost public intellectual.”Many listeners will know of Nicholas’s work, through his published articles, reports and blog posts at Club Troppo and the Mandarin. He’s frequently quoted in national and international media, including the Financial Times. It’s challenging to summarise Nicholas’s wide-ranging career. He’s worked as a ministerial adviser and as a member of the Productivity Commission, and he has chaired several boards, including those of the Australian Centre for Social Innovation, Innovation Australia, and, in its early days, the data science start up Kaggle, which was later acquired by Google. Nicholas certainly has the track record to be a credible authority on innovation.Gene's wide ranging conversation with Nicholas includes discussion of:innovationknowledge as a public gooddigital public goodsgovernment as impresarioNicholas's upcoming book on the public goods of the 21st centuryclimate change policycitizens' juriesIf you're interested in Nicholas's Government as Impresario report mentioned in the podcast, you can find it on the Nesta website:Government as Impresario

Nicholas Gruen is CEO of Lateral Economics and is a widely published policy economist, entrepreneur and commentator. In this episode Professor Gruen discusses the need for reform in economics at both academic and policy level. He also explains the importance of information and how information is poorly managed at the central planning stage but can be used effectively under the right direction if this information or data can be shareable both from the private and the public sector. Check out the episode at www.economicrockstar.com/nicholasgruen Support the show from as little as $1 per month over at www.patreon.com/economicrockstar

Economist & CEO of Lateral Economics, Nicholas Gruen (@NGruen1) discusses immigration, refugees, the culture wars, Australian politics, academic corruption, bias in academia, fast-food politics, authenticity in politics, Donald Trump, Julia Gillard citizens' assemblies and a lot more with the guys at TRIGGERnometry. Find us on Social Media: https://twitter.com/triggerpod https://www.facebook.com/triggerpod https://www.instagram.com/triggerpod About TRIGGERnometry: Stand-up comedians Konstantin Kisin (@konstantinkisin) and Francis Foster (@failinghuman) make sense of politics, economics, free speech, AI, drug policy and WW3 with the help of presidential advisors, renowned economists, award-winning journalists, controversial writers, leading scientists and notorious comedians.

Neuroscientist Robert Burton reckons our brains simply aren’t up to tackling the problems of the complexity of modern life. Could collective intelligence help?

Is democracy as we know it doomed? And could there be alternative forms of political representation?

Democracy depends on sound public opinion about the major issues of the day. Today these issues are of unprecedented complexity and difficulty, requiring serious deliberation and decision making, and the need to move beyond the factional struggles and attempts to win over key parcels of votes we see dominating politics today. What we need is well considered public opinion to set the agenda for the politicians, and demarchy is a new proposal on how this can be done. Author of The Demarchy Manifesto former University of Sydney Professor of Philosophy, John Burnheim joins us for a special conversation about the ideas behind demarchy, with Associate Professor Carolyn Hendriks from the Australian National University Crawford School, and Dr Nicholas Gruen from Lateral Economics. Hosted by Professor Geoff Gallop. A Sydney Ideas forum co-presented with the Graduate School of Government, Sydney University Press and The newDemocracy Foundation http://sydney.edu.au/sydney_ideas/lectures/2017/demarchy_forum.shtml

From Austria to Australia - because of my German background, I was able to pronounce Nicholas' surname correctly :-) Dr. Nicholas Gruen shares the story of his father that got him interested in  It was a good start into a very entertaining conversation on economics, politics and what we can do differently to solve some of today's problems and challenges. As the CEO of Lateral Economics, Dr Nicholas Gruen is used to think differently, and that's often a good thing to get new perspectives and views. His ideas and models to address the challenge that members of parliaments are strongly influenced by party politics are fascinating to listen to. And there is more. So enjoy the conversation as much as I did. More about Dr Nicholas Gruen Nicholas Gruen is a policy economist, entrepreneur and commentator on our economy, society and innovation. He advised two cabinet ministers in the 1980s and 90s, taught at ANU and sat on the Productivity Commission (then Industry Commission) from 1993 to 1997. He directed the New Directions project at the Business Council from 1997 to 2000. He is CEO of Lateral Economics, Visiting Professor at Kings College London Policy Institute and Adjunct Professor at UTS Business School, Chair of the Open Knowledge Foundation (Australia) and Patron of the Australian Digital Alliance. He chaired The Australian Centre for Social Innovation (TACSI) from 2010 to 2016, the Federal Government’s Innovation Australia in 2013-14 and in 2009 chaired the Government 2.0 Taskforce. How to connect with Nicholas Twitter: http://twitter.com/ngruen1 LinkedIn: https://www.linkedin.com/in/nicholas-gruen-783354a/ Website: http://clubtroppo.com.au/        

Speaker Nicholas Gruen Type Live Conversation About this conversation Brexit and the rise of Donald Trump have humiliated political elites. But we led the pack in 2013 when the elites in Australia’s Parliament humiliated themselves – abolishing carbon pricing when a predominant majority of parliamentarians understood it was folly. Why did they do it? To meet the imperatives of political combat in our vox pop democracy. Today democracy is synonymous with representation by election. But another way of representing the people enjoys far more community support and a far older lineage: Representation by sortition or selection by lot as occurs in juries. Injecting more sortition into our existing democracy could bring it back from what’s looking increasingly like the brink. Conversation notes  - What's wrong with politics and why the world is sliding into the worst economic situation since the Great Depression? - The reason why we live in a VOX POP democracy - Australia’s leadership model - Why participatory and direct democracy will make things worse and not better - The origins of democracy and elections, those times when democracy was a dirty word - Citizen Juries, what are they? How do they work? - Example of citizen’s juries in the City of Melbourne, Switzerland and US and how they operate - A simple solution for our current complex democracy problem: an upper house elected by lot, a citizen’s chamber More about Nicholas Nicholas Gruen is a policy economist, entrepreneur and commentator on our economy, society and innovation. He advised two cabinet ministers in the 1980s and 90s, taught at ANU and sat on the Productivity Commission (then Industry Commission) from 1993 to 1997. He directed the New Directions project at the Business Council from 1997 to 2000. He is CEO of Lateral Economics, Visiting Professor at Kings College London Policy Institute and Adjunct Professor at UTS Business School, Chair of the Open Knowledge Foundation (Australia) and Patron of the Australian Digital Alliance. He chaired The Australian Centre for Social Innovation (TACSI) from 2010 to 2016, the Federal Government’s Innovation Australia in 2013-14 and in 2009 chaired the Government 2.0 Taskforce. Nicholas’ LinkedIn: Nicholas Gruen Nicholas’s Twitter: @NGruen1 Lateral Economics’ website: lateraleconomics.com.au Quote “My vision is of a citizen's chamber like the bull's eye like the Athenian bullseye. […] Think of the House of Commons and the House of Lords in the UK. Think of the House of Representatives in the Senate in the United States. Think of the Legislative Council and the start of the Legislative Assembly and the legislative council in most states of Australia which was a property franchise and you get the picture. And I simply want to flip that around to an upper house or an additional Upper House elected by a lot which would, by the way, have stopped us abolishing carbon pricing and the system”. Join Us Did you enjoy the conversation? If so, make sure to subscribe! To join us at Work Club Sydney or Melbourne for our speaker conversations, email us at events@workclubglobal.com. For more information on Work Club, visit workclubglobal.com

Neuroscientist Robert Burton reckons our brains simply aren’t up to tackling the problems of the complexity of modern life. Could collective intelligence help?

Is democracy as we know it doomed? And could there be alternative forms of political representation?

What does a hostage role play teach senior executives about leadership? Nicholas Gruen explains what's lacking in strategic thinking.

It turns out that modern technology, particularly the internet, could enable our most pressing problems in banking to be solved.

People tend to think of ‘public goods’ as things like suburban roads that must be built by governments because if governments don’t provide them, then no-one will. But this is an impoverished definition of public goods. In fact, private and public goods operate in an ecology, each reinforcing the other, and they do so in every social organisation we have – within families, suburban football clubs, firms. We will explore these ideas and then focus on open data as the new emergent public good of our time. Nicholas Gruen is a prominent Australian economist and commentator on Web 2.0 and the CEO of Lateral Economics and Chairman of Peach Financial, the Australian Centre for Social Innovation and Online Opinion.

People tend to think of ‘public goods’ as things like suburban roads that must be built by governments because if governments don’t provide them, then no-one will. But this is an impoverished definition of public goods. In fact, private and public goods operate in an ecology, each reinforcing the other, and they do so in every social organisation we have – within families, suburban football clubs, firms. We will explore these ideas and then focus on open data as the new emergent public good of our time. Nicholas Gruen is a prominent Australian economist and commentator on Web 2.0 and the CEO of Lateral Economics and Chairman of Peach Financial, the Australian Centre for Social Innovation and Online Opinion.