Listener: 12 May, 2012. Keywords: History of Ideas, Methodology & Philosophy; Economists have long assumed individuals try to do what they judge best, but from the 1970s a notion of “super-rationality” became popular. This assumed that decision-makers took everything into account and made optimal choices. This assumption simplified some otherwise tricky mathematics, but its greatest…
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Listener: 26 April, 2012. Keywords: Growth & Innovation; Macroeconomics & Money; New Zealand has had two great economic booms – during the Liberal era from about 1895, and from about 1935 while the first Labour Government was in power. In each case, per capita GDP doubled in about a decade; each followed a depression (since…
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ASSESSING THE FINANCIAL PROJECTIONS Paper prepared for Land Solutions Ltd for submission to the Auckland Council Keywords: Governance; Summary Conclusions and Recommendations S1: Were I an Auckland councillor or a citizen of Auckland I would be reluctant to agree to the financial components of the Draft Plan. S2: The Draft Plan is misleading for the…
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For Bruce Jesson: We Miss You Published in the CAFCA “Foreign Control Watchdog”, April 2012, No 129, p.46-55. Keywords: History of Ideas, Methodology & Philosophy; Political Economy & History; The rise of the left and its socialist analysis was a response to the disruption and hardships of the nineteenth-century industrialisation (which we now know morphed into today’s…
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Listener: 14 April, 2012. Keywords: Business & Finance; Regulation & Taxation; Last year, this column argued for the mixed-ownership model of some state-owned enterprises as a means of deepening the capital market for private savers. Even then, it argued that not all partial privatisations were sensible. It depends on the market structure and the way…
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Keywords: Political Economy & History; This was a note I wrote for myself in early April 2012. I was not entirely happy with it and so it is not published. Some of the material in it is in The Politics of NZ (Inc): (http://www.eastonbh.ac.nz/?p=1745). Scholars may request a copy.
Listener: 31 March, 2012. Keywords: Regulation & Taxation; It would be wrong to prejudge the findings of the royal commissions on the Pike River coal mine deaths and the Canterbury earthquakes. But it’s still a good idea to respond promptly to the available evidence and take necessary measures, as the Department of Labour did by…
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Presentation to the Wellington School of Medicine: 23 March 2012 Keywords: Health; Regulation & Taxation; This presentation was based upon the paper to the Global Alcohol Policy Conference, 14-16 February. It is at http://www.eastonbh.ac.nz/?p=1633
Listener: 17 Match, 2012. Keywords: Macroeconomics & Money; Regulation & Taxation; Eminent economist James Tobin in 1972 suggested a financial transaction tax on spot-market currency conversions. Many others have supported him. That includes people who don’t like money and think of a financial transaction tax as a sin tax. (Tobin certainly did not. He was…
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Presentation to the Golden Bay U3A, 6 March, 2012. Keywords: History of Ideas, Methodology & Philosophy; Macroeconomics & Money; This presentation was based upon a Spirited Conversation given at Nelson 24 August, 2011. The latest version of the paper is at http://www.eastonbh.ac.nz/?p=1524
Listener: 3 March 2012. Keywords: Macroeconomics & Money; Regulation & Taxation; Forecasts for the New Zealand economy have been wound back since last year. Given the deteriorating state of the world economy, they will probably be wound back even further. And that’s going to make it even harder for the Government to meet its election…
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An appendix for Not in Narrow Seas: New Zealand History from an Economic Perspective The work was funded by a grant from the Reserve Bank of New Zealand which is not responsible for any errors or interpretations. A version was presented to an RBNZ seminar on 1 March 2012. Keywords: Macroeconomics & Money; Political Economy…
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Listener: 18 February, 2012. Keywords: Growth & Innovation; Last century when we had ministers of regional development, the policy seemed to be to have greater economic growth in the regions than in the country overall. But these days, a greater emphasis goes on concentrating economic activity in Auckland. This change reflects the realisation that viable…
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Paper to the Australia and Pacific Economic and Business History Conference, 16-18 February, Canberra. Was broadly similar to a July, 2011 paper. http://www.eastonbh.ac.nz/?p=1515. Keywords: Growth & Innovation; Macroeconomics & Money; Political Economy & History;
Global Alcohol Policy Conference: Thailand, 14-16 February as Honorary Research Fellow at SHORE, Massey University. Keywords: Health; Regulation & Taxation; Social Policy; The theme of this presentation is that alcohol is no ordinary commodity; economic policy has to think about it differently. The alcoholic beverages industry, of course, produces jobs and profits for investors, just like any…
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GERMANY MUST MAKES ADJUSTMENTS TOO Listener: 4 February, 2012. Keywords: Macroeconomics & Money; A decade ago, the Economic and Monetary Union (EMU) replaced 17 European currencies with the euro, locking their nominal exchange rates together. Germany decided its wage and price structure was too high. This made it more likely Germans would buy imports and…
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Comments for Concluding Session of NIDEA University of Waikato, February 2-3, 2012. Keywords: Labour Studies; Political Economy & History; To begin with congratulating the organisers of conference, who have produced one of those stimulating events which will be long remembered by the professions as the foundation for a major debate. But I would also like…
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Chapter 3: “The Leaky buildings Crisis: Understanding the Issues Keywords: Regulation & Taxation; Introduction[1] The first commercial transaction in New Zealand involved Maori exchanging with the Endeavour’s seamen fish for tapa cloth. (Not nails; despite their iconic appearance in a host of images; the ship’s officers offered them, but the neolithic Maori did not yet…
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THE TOO HARD BASKET Listener: 19 January, 2012. Keywords: Environment & Resources; Distributional Economics; Macroeconomics & Money; Political Economy & History; Regulation & Taxation; Social Policy; Every government has issues it hopes will go away. They don’t. Here are some for our one. Our Emissions Trading Scheme is looking like a dog’s breakfast, and/or something…
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