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Is Australia fair enough? And why does inequality matter anyway? In Battlers and Billionaires, Andrew Leigh weaves together vivid anecdotes, interesting history and powerful statistics to tell the story of inequality in this country. This is economics writing at its best. From egalitarian beginnings, Australian inequality rose through the nineteenth century. Then we became more equal again, with inequality falling markedly from the 1920s to the 1970s. Now, inequality is returning to the heights of the 1920s. Leigh shows that while inequality can fuel growth, it also poses dangers to society. Too much inequality risks cleaving us into two Australias, occupying fundamentally separate worlds, with little contact between the haves and the have-nots. And the further apart the rungs on the ladder of opportunity, the harder it is for a kid born into poverty to enter the middle class. Battlers and Billionaires sheds fresh light on what makes Australia distinctive, and what it means to have – and keep – a fair go.
The inside story of the clash of two of Wall Street's biggest, richest, toughest, most aggressive players -- Carl Icahn and Bill Ackman -- and Herbalife, the company caught in the middle With their billions of dollars and their business savvy, activist investors Carl Icahn and Bill Ackman have the ability to move markets with the flick of a wrist. But what happens when they run into the one thing in business they can't control: each other? This fast-paced book tells the story of the clash of these two titans over Herbalife, a nutritional supplement company whose business model Ackman questioned. Icahn decided to vouch for them, and the dispute became a years-long feud, complete with secret backroom deals, public accusations, billions of dollars in stock trades, and one dramatic insult war on live television. Wapner, who hosted that memorable TV show, has gained unprecedented access to all the players and unravels this remarkable war of egos, showing the extreme measures the participants were willing to take. When the Wolves Bite is both a rollicking, entertaining read--a great business story of money and power and pride.
A fascinating account of how radical researchers have used experiments to overturn conventional wisdom and shaped life as we know it Experiments have consistently been used in the hard sciences, but in recent decades social scientists have adopted the practice. Randomized trials have been used to design policies to increase educational attainment, lower crime rates, elevate employment rates, and improve living standards among the poor. This book tells the stories of radical researchers who have used experiments to overturn conventional wisdom. From finding the cure for scurvy to discovering what policies really improve literacy rates, Leigh shows how randomistas have shaped life as we know it. Written in a “Gladwell-esque” style, this book provides a fascinating account of key randomized control trial studies from across the globe and the challenges that randomistas have faced in getting their studies accepted and their findings implemented. In telling these stories, Leigh draws out key lessons learned and shows the most effective way to conduct these trials.
This book analyses the processes through which the modern forms of large fortunes are amassed. Despite the recent spate of governmental and non-governmental interest in inequality (be it wealth or income), the most privileged and fortunate have not generated much interest in mainstream economics. As the issue of wealth accumulation is multifaceted, the proposed book will not merely be an exercise in business history but deals with the issue from multiple perspectives, accordingly employing alternative research methods. Broadly, the trends and dynamics in high-tier wealth accumulation are coupled to the economic, political and social mechanisms that have been in play for at least half a century or more in some parts of the world. This approach leads to potential policy implications since much of the debate on wealth distribution centres on the extent to which wealth has been ‘justly’ attained. Further, how wealth is distributed in the capitalist system can have an impact upon economic growth.This book offers an alternative perspective on why we have witnessed the growth of a new social class of ultra rich. This book will be of interest to academics and researchers in international economic bodies.
Who can be a larrikin and how is it used politically? The figure of the larrikin goes deep in Australian culture. But who can be a larrikin, and what are its political uses? This brilliant essay looks at Australian politics through the prisms of class, egalitarianism and masculinity. Lech Blaine examines some “top blokes,” with particular focus on Scott Morrison and Anthony Albanese, but stretching back to Bob Hawke and Kerry Packer. He shows how Morrison brought a cohort of voters over to the Coalition side, “flipping” what was once working-class Labor culture. Blaine weaves his own experiences through the essay as he explores the persona of the Aussie larrikin. What are its hidden contradictions – can a larrikin be female, or Indigenous, say? – and how has it been transformed by an age of affluence and image?
Australian Sociology 4e provides a concise and current introduction to the field of Sociology, through an analysis of Australian society. In doing so, it draws on a diverse range of perspectives as well as a myriad of topics that go to issues at the core of Australian social life. Our ever-changing society presents continuing challenges to sociological analysis. This new edition of Australian Sociology sets out to document these many changes, while retaining an organised analysis required of an introductory overview of Australian society.
Can we reinvent the Lucky Country? Fifty years ago author Donald Horne described Australia as 'a lucky country run by second-rate people', adding that our leaders are mostly unaware of events that surround them. The good fortune continued when our wide brown land proved to contain bountiful resources of saleable minerals, allowing successive generations of second-rate leaders to create an illusion of economic progress by liquidating those assets. But a crisis is approaching, driven by irresponsible encouragement of population growth rates typical of poor developing countries. In this polemic work, Ian Lowe will assess the state of Australia and whether we can retain our status of the Lucky Country.
'Life Chances, Education and Social Movements' explains the sociology of life chances; the opportunities and experiences of different generations in Australia, the United States and the UK; and how the differential distribution of life-enhancing opportunities affects our well-being. Ralf Dahrendorf’s life-chances theory is used to support the theoretical and empirical arguments in Lyle Munro’s book. For Dahrendorf, education is arguably the most important option individuals can utilise for improving their well-being and for overcoming social and economic disadvantages. While there are countless sociological accounts of inequality, Munro’s study takes a different and novel approach based on Dahrendorf’s model, according to which education and social movements and their networks function to enhance the life chances of individuals and social groups respectively.
For reasons of effectiveness, efficiency and equity, Australian law reform should be planned carefully. Academics can and should take the lead in this process. This book collects over 50 discrete law reform recommendations, encapsulated in short, digestible essays written by leading Australian scholars. It emerges from a major conference held at The Australian National University in 2016, which featured intensive discussion among participants from government, practice and the academy. The book is intended to serve as a national focal point for Australian legal innovation. It is divided into six main parts: commercial and corporate law, criminal law and evidence, environmental law, private law, public law, and legal practice and legal education. In addition, Indigenous perspectives on law reform are embedded throughout each part. This collective work—the first of its kind—will be of value to policy makers, media, law reform agencies, academics, practitioners and the judiciary. It provides a bird’s eye view of the current state and the future of law reform in Australia.
Greg Combet has been central to some of the biggest public struggles of our time - on the waterfront, the collapse of an airline, compensation for asbestos victims, the campaign against unfair workplace laws and then climate change. From an idyllic childhood on the Minchinbury estate in the western suburbs of Sydney, Combet's world changed dramatically with the early death of his wine-maker father. The shy child was uprooted to the suburbs and an uncertain future. A scholarship allowed him to study engineering and saw him appreciate first hand the role of unions in the workplace. He rose to lead the Australian trade union movement and become a senior minister in the Rudd and Gillard Labor governments. Along the way he has battled his own struggles, with political ideology, the impact of work on families and the loneliness of the parliamentary life. His story is not just a personal memoir; it is an insight into how power works in Australia, who holds it, how it is used and the ruthless ways in which it is snatched. The Fights of My Life is the story of a man who faces up to the power structures of politics, big business and the media. His latest target is the labour movement, arguing that the Labor Party and the trade unions must democratise to engage the next generation of activists to fight the good fight: to achieve a more fair and just Australia.