The strange economic assessment of the proposed extension to Wellington Airport’s runway reduces to a plea for subsidies from tax and ratepayers. I am sometimes asked to assist voluntary groups with a critique of a commissioned economic assessment of a development project. I decline because of the high standard required from me – one which…
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The Ethnic Future for New Zealand Is Unknown. But It Will Be Diverse and Different The promise of increased future ethnic diversity is undoubtedly true, but often the statistical projections are both misleading and obscure the real issues. Each Population Census asks the respondents’ ethnicity. That is not their race, which is a genetic notion….
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A report on social services by the Productivity Commission raises serious problems about the quality of analysis in New Zealand. There is a widely held perception that the Productivity Commission, which makes recommendations to the government on how to increase productivity, is neoliberal. Partly that is because the commission was set up at the instigation…
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Given a long history of numerous trade agreements, why has the public become especially concerned about the TPP? At a recent public meeting, a retired Secretary of Foreign Affairs pointed out that although he had been involved in negotiating many free trade agreements, the TPP was the first one about which the public had showed…
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While TPP – any trade deal – compromises sovereignty it does not mean we cannot respond constructively to unsatisfactory aspects such as those involving intellectual property. The stupidest thing said about the TPP deal – thus far – is the claim that it does not reduce New Zealand’s sovereignty. Of course it does. Agreeing to…
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The book’s ‘message is as compelling as it is important: the social costs of mental illness are terribly high and the costs of effective treatments are surprisingly low’. Daniel Kahneman (psychologist and Nobel economics laureate). In due course this Penguin is likely to become fashionable – like The Sprit Level and Capital in the Twenty First Century – because it…
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Travel extends the mind. Here are some of the things I learned from a recent trip to Greece: about the age of the human condition, about how civilisations end with environmental depletion, about the stresses to the current Greek economy and about how trivial are New Zealand news websites. There are remnants of wall frescos…
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The more one is certain about the state of an economy, the more one is likely to be wrong; the more one is certain about the state of an economy, the greater the media coverage. No wonder the public is confused. I shan’t add to the confusion. In quick summary, the New Zealand’s economic growth…
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How Much of New Zealand Has to Be Owned and Controlled by Foreigners? This year is the fortieth anniversary of the founding of CAFCA – the Campaign Against Foreign Control of Aotearoa – a Christchurch-based, but national, activist organisation. It ‘promotes the concept of an independent Aotearoa based on policies of economic, military and political…
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This was an introduction to a presentation by Stephen Jacobi: “TPP – Where to from Here (And How Did We Get Here Anyway)?” To a NZIIA lecture, 2 September 2015. (Some editing) It was suggested I first say a few words about the context in which the TPP and other trade negotiations are occurring. At…
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The flag debate tells us something about the quality of design in New Zealand I am not going to tell you about the right choice for New Zealand’s flag. That would invalidate the point of the column. Certainly I shall vote for one; much of my response will be an instinctive opinion. What I shall…
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Also notes for Radio NZ Nights with Brian Crump: 11 August, 2014 The indications are that economic growth is slowing down from the boom rates of the last few years. The slowdown may turn into a contraction – that is, output may fall. There is a view that the contraction began in the middle of 2015. (It is…
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Trust Us? If you think you know what has been going on with the TPP, you have not been following closely enough. However, here are a few matters for clarification. Trade negotiations used to be like the following. Japan wants better access to the US market for the cars it produces, while the US wants…
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Allow me to share a puzzle. Public sector outsourcing (a.k.a. ‘contracting out’) has been increasing in recent decades. It is not the same as ‘privatisation’ because the government retains the role as a funder but it outsources the task to a private provider – which may be a corporation or non-government organisation. A recent prominent…
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Fracking has changed the energy outlook, with major geopolitical implications About a decade ago, there was much concern about ‘peak oil’ – that the production of oil would peak and then fall off quickly leaving the world’s transport system stranded. The idea is really an extension of the two hundred year old insight of Thomas…
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Whatever the answer, what are we going to do about it? Steven Joyce, Minister of Economic Development and most other economic things, was hardly helpful when he dismissed talk of an economic recession on a recent TV3 The Nation on Saturday. Economists outside officialdom can guess what his officials were generally telling him. It probably…
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Whatever the answer, what are we going to do about it? Steven Joyce, Minister of Economic Development and most other economic things, was hardly helpful when he dismissed talk of an economic recession on a recent TV3 The Nation on Saturday. Economists outside officialdom can guess what his officials were generally telling him. It probably…
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We need to distinguish the sovereign state from the people it governs, and the other political institutions between. Things are moving so fast in the financial negotiations between Greece and the Troika (European Central Bank, European Union, International Monetary Fund) that there is little point in my trying to comment on them. But there is…
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Recent publications suggest that the children who live at the bottom in economies with high inequality have reduced life chances. The grandfather of modern distributional research is Tony Atkinson, a British economist who began in the 1960s a lifetime career studying the British and world income distributions and other related ones. He has been described…
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I am not sure when I wrote this; perhaps 2015. My main income over the years was as a consultant. Often I did very interesting – and for me enlightening – pieces of work, which are normally somewhere in the public domain (such as on my archive-blog) although they often lack the background of a…
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