Yes, economics really is a dismal science, if this book is to be believed. Even when things are going right, they’re just setting up you up for disasters down the track. We’ll all be rooned, and there are charts and tables to prove it.
That seems to be the essential message from Ross Garnaut, a senior academic, ambassador and long-time adviser to Commonwealth governments.
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Derek Parker is a regular reviewer for The Spectator Australia.
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