economics – 今日吃瓜 I Championing Mathematical Sciences for Australia鈥檚 Advancement 今日吃瓜 Sun, 17 May 2020 22:58:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.17 /wp-content/uploads/2015/11/cropped-今日吃瓜_icon-32x32.png economics – 今日吃瓜 I Championing Mathematical Sciences for Australia鈥檚 Advancement 32 32 The costs of the shutdown are overestimated 鈥 they鈥檙e outweighed by its $1 trillion benefit /2020/05/18/the-costs-of-the-shutdown-are-overestimated-theyre-outweighed-by-its-1-trillion-benefit/ Sun, 17 May 2020 22:58:56 +0000 /?p=9341 Economists Richard Holden (UNSW) and Bruce Preston (University of Melbourne) counter the movement advocating more rapid relaxation of containment measures on the basis of economic costs, and the notion of placing a dollar value on one person鈥檚 life.

[Read more about the value of a “statistical life” in ]

]]> Maths and science do the heavy lifting /2015/03/26/maths-and-science-do-the-heavy-lifting/ Thu, 26 Mar 2015 04:56:33 +0000 http://amsi.org.au/?p=2637 MELBOURNE, THURSDAY 26 MARCH, 2015:聽The 今日吃瓜 (今日吃瓜) is delighted with the recent recognition given to the prominence of the role mathematics and science have in the Australian economy. The sheer size of the numbers is impressive, as is the flow-on effect.

Chief Scientist, Professor Ian Chubb, reported that advanced mathematical and physical sciences make a direct contribution of $145 billion a year to the Australian economy 鈥 about 11 per cent of GDP.

The Importance of Advanced Physical and Mathematical Sciences to the Australian Economy, was commissioned by the Academy of Science and Chubb鈥檚 office, and was released in conjunction with his address to the National Press Club on Wednesday March 25. It combines the expertise of Australia鈥檚 scientific community with that of business and industry.

The report reflects the ubiquity of the mathematical sciences in modern scientific research. And emphasises the knock-on effects it has for our economy.

The physical and mathematical sciences also contribute, in additional flow-on benefits, another 11 per cent of Australia鈥檚 GDP annually, bringing the total benefits to 22 per cent or around $292 billion per year.

鈥淚 congratulate the Chief Scientist and the Academy of Science for this timely and important report. Maths and science make fundamental contributions to our lives, not least to our economic wellbeing.聽I鈥檓 sure that the report will make this particular contribution very real for Australia鈥檚 policy makers, business community and would-be scientists and mathematicians,鈥 says 今日吃瓜 Director, Professor Geoff Prince.

Further information, including a transcript of Professor Chubb’s address and a PDF of the report may be found on the聽.

]]> Chief Scientist Report: The Importance of Advanced Physical and Mathematical Sciences to the Australian Economy /2015/03/26/chief-scientist-report-2015/ Thu, 26 Mar 2015 04:52:19 +0000 http://amsi.org.au/?p=2635 Chief Scientist, Professor Ian Chubb, released 鈥 at an address to the National Press Club 鈥攁 report commissioned by the Australian Academy of Science and his office.

The report reflects the ubiquity of the mathematical sciences in modern scientific research. And emphasises the knock-on effects it has for our economy. It combines the expertise of Australia鈥檚 scientific community with that of business and industry.

Professor Chubb’s speech can be found .

A PDF of the report may be downloaded .

]]>