Over the years there have been a few of these surveys of economist opinions. A few months ago, Paul Frijters and I believed it was time for an update. We approached the Economic Society of Australia who agreed to fund an update. What followed was months of careful construction of questions with a large number of people having input. The result was this survey managed by Paul and Richard Hayes. The results were released this week and a longer write-up is to follow.
The results speak for themselves. Like previous studies, it turns out economists are largely in agreement on most economic issues. The headline one was a confirmation of Tony Abbott’s recognition that economists don’t agree with him on how to deal with climate change. But Malcolm Turnbull will be comforted that most economists would like to see cost-benefit analyses done on large infrastructure projects. Nor do they see fast broadband as a universal right. That said they also want the long-standing middle class welfare items (like the first home buyer’s grant and baby bonus payments — although the latter is technically gone) dumped.
Where economists disagree is on stuff do with their own actions but I’ll leave that for someone else to delve into.