NEWSFLASH! In September I will join The Conversation as its Business and Economy Editor. I have been honoured to work at The Age for the past ten years, originally alongside the legendry Tim Colebatch, and for the past four years as economics editor in my own right.

At The Conversation, my job will be to make the best thinking from Australia's 40 univerisites accessible to the widest possible audience. That means you. From the new year I will also write a weekly column.

On this site are most of the important things I have written for Fairfax and the ABC over the past few decades. I recommend the Search function. The site is a record for you, as well as me.

I'll continue to post great things from The Conversation and other places here, and also on Twitter and Facebook. Enjoy.

Tuesday, February 03, 2004

The Economic Consequences of War with Iraq

I discussed on Life Matters this stunning paper by the economist William Nordhaus.

He compares the human and financial costs of wars past (and no, the Vietnam was not particularly expensive to the US) and then makes some very prescient predictions for Iraq.

I have given this paper to several friends. If you read one economic paper this year, this could be it.

He has also published a short and non-technical version in the New York Review of Books. Read it here.