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Professor Joseph Stiglitz - Why Taxing the Export Gas Industry is Good for the Economy

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Event description

Nobel Prize-winning economist Professor Joseph Stiglitz in conversation with Richard Denniss, Executive Director of the Australia Institute about how taxing resources fairly would benefit the Australian economy.

Professor Joseph Stiglitz is visiting Australia as a guest of the Australia Institute, as part of our 30th anniversary celebrations in 2024.

Australia is the third largest exporter of fossil fuels in the world and one of the world's largest exporters of liquified natural gas. Around 80% of gas produced in Australia is exported, over half of it royalty-free. No royalties are paid on two thirds of the gas exported from WA. 

As a country, is Australia getting a fair return on the sale of its collective resources? 

And how can Australia use taxation to get a fair share of our fossil fuel resources?

Join world-leading economist Professor Joseph Stiglitz for this important event. 

Professor Joseph E. Stiglitz is a Nobel Prize–winning economist, former chief economist of the World Bank and best-selling author. Professor Stiglitz is an economist and a professor at Columbia University Business School, as well as co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. Professor Stiglitz was awarded the Nobel Memorial Prize in Economic Sciences in 2001, the John Bates Clark Medal in 1979, and he was the recipient of the Sydney Peace Prize in 2018 - for leading a global conversation about the crisis caused by economic inequality and exposing the violence inflicted by market fundamentalism. He is a former senior vice president and chief economist of the World Bank and a former chair of the U.S. Council of Economic Advisers. He is also the author of numerous best-selling books including, most recently, The Road to Freedom: Economics and the Good Society.

Richard Denniss is Executive Director of the Australia Institute. He is a prominent Australian economist, author and public policy commentator, and has spent the last twenty years moving between policy-focused roles in academia, federal politics and think-tanks. He was also a Lecturer in Economics at the university of Newcastle and former Associate Professor in the Crawford School of Public Policy at ANU. He is a regular contributor to The Monthly and the author of several books including: Econobabble, Curing Affluenza and Dead Right: How Neoliberalism Ate Itself and What Comes Next?

The Australia Institute: Celebrating 30 years of Big Ideas

The Australia Institute is bringing some of the world’s brightest thinkers to Australia in 2024 to celebrate our 30th anniversary as the nation’s leading independent think tank. For 30 years the Australia Institute’s independent, non-partisan research has led the national policy debate with big ideas. The Australia Institute plays a critical role in shaping the national economic debate for a fairer society and economy—from our groundbreaking 1997 paper on better measuring wellbeing in Australia, The Genuine Progress Indicator, to the influential 2005 bookAffluenza (and later Curing Affluenza), to our cutting-edge research exposing the role of corporate profits in driving Australia’s post-pandemic inflation, to our influential work that helped reshape better fairer Stage 3 tax cuts—we have a track record of delivering research that shifts policy from the politically impossible into the inevitable.

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