Angus Deaton’s Economics in America challenges the direction that economics has taken. In 2015 Angus Deaton was the sole awardee of the Bank of Sweden’s Prize in Honour of Alfred Nobel, for his contributions in the study of ‘consumption, poverty and welfare’. (It has been relatively rare for this Nobel to recognise poverty or welfare;…
Continue reading this entry »
A major American study suggests they are not This column is about the white working class. In the US 2024 elections they mainly voted for Donald Trump. Had they voted with the white middle class, Trump would have lost the election with only 42 percent of voters instead of the 50 percent he actually won….
Continue reading this entry »
David Seymour describing himself as an ‘old-fashioned lefty’ caused a flurry in the commentariat. The responses were not always informed. One thought he was saying he was a Marxist. In fact it is relatively recent when Marxism became an important strain on New Zealand’s left. Our Communist Party formed only in 1921, after the rise…
Continue reading this entry »
Since 2008 Statistics New Zealand has measured material hardship in households with seventeen questions in the Household Economic Survey. This note reports on my brief exploration.[1] The Unit of Measurement The hardship questions are asked of a household and responses are reported on that base. The data reported below is by individuals so a household…
Continue reading this entry »
Introductory Notes for Brightstar Seminar: The Delivering Equity for Older People in New Zealand Grand Millennium Hotel, Auckland on Apr 30 & May 1, 2024 Thankyou for the invitation to contribute to this panel. About twenty years ago, Suzie Carson and I were investigating wellbeing via the Household Economic Survey. We got what at first…
Continue reading this entry »
One Could Reduce Child Poverty At No Fiscal Cost Following the Richardson/Shipley 1990 ‘redesign of the welfare state’ – which eliminated the universal Family Benefit and doubled the rate of child poverty – various income supplements for families have been added, the best known being ‘Working for Families’, introduced in 2005. The result of the…
Continue reading this entry »
Note written for circulation in March 2024 This note explores housing tenure in the part of the distribution where the poverty line is, defining the line by the SNZ material hardship indicator. The note does not explore the AHC income-expenditure measure,[1] partly because there are insufficient observations but mostly because, as explained in the appendix,…
Continue reading this entry »
Not so much from a lack of nominal income but from rising mortgage interest rates The just released Statistics New Zealand (SNZ) estimates child poverty for the year ending June 2023 show the proportions of children on nine different poverty measures are higher than they were in the June 2022 ending year. SNZ warns that…
Continue reading this entry »
While the economy is not doing too badly in output terms, external circumstances are not favourable, and there is probably a sizeable group of households struggling because of rising interest rates. Last week’s announcement of a 0.9 percent increase in volume GDP for the June quarter had the commentariat backing down from their confident predictions…
Continue reading this entry »
Social philosophy in New Zealand is muddled and incomplete. This year, 2021, is the fiftieth anniversary of John Rawls’ The Theory of Justice, described as the most important book on political philosophy written in the twentieth century. As you might expect it is a big book (587 pages with a follow-up one of 464 pages)…
Continue reading this entry »
How Can We Make Wellbeing at the Centre of Public Policy If We Dont Measure It? When the Minister of Finance announced in the 2018 budget that in the future economic policy would focus more on wellbeing, many saw a glimmer of hope that we were moving away from the mechanical thinking which underpinned Rogernomics/neoliberalism….
Continue reading this entry »
Introduction: The focus of this paper is on macroeconomic management and not on the entirety of economic policy. There are many issues which macroeconomic interventions cannot address. To use macroeconomic instruments, rather than the relevant targeted instrument, will blunt the effectiveness of macropolicy interventions. Reflecting, this paper is really a critique of the current primary…
Continue reading this entry »
An edited extract from Brian Easton’s new book ‘Not in Narrow Seas: The Economic History of Aotearoa New Zealand’.
Bob Scott Lecture Series on Inequality, 25 June 2019. (See also Have We Abandoned the Egalitarian Society?) What I want to do this evening is examine egalitarianism. In particular, New Zealand is a less egalitarian society today than it was when I was growing up in the 1950s. Why? How? The structure of the paper…
Continue reading this entry »
Presentation to the Wellington Statistics Group, 10 December, 2018 This year’s Child Poverty Reduction Act (CPRA) marks a major innovation in social policy. Politicians – here and overseas – have promised to eliminate child poverty at some date in the future. They never have and by the time the target date is reached the promisers…
Continue reading this entry »
Note that some of the original submission proved redundant. For ease of presentation they have been removed. An explanation of what happened is set out here. (I have not changed the numbering.) Introduction My name is Brian Easton. I have a doctorate of science from the University of Canterbury and hold other qualifications in economics,…
Continue reading this entry »
Economists and policy analysts have paid insufficient attention to the distributional consequences of change. Hence the rise of the angries. In order to get to this column’s conclusion I am going to recall a little of my scholarly journey. When I came back from England in 1970, I looked around for a research area. Distributional…
Continue reading this entry »
Far too much public commentary on wealth inequality obscures what is actually is going on. This column is a grump about the poor quality of public discourse. It is illustrated by the recent outburst over the distribution of wealth in New Zealand and some rather inept public responses to the recent re-publication of some data,…
Continue reading this entry »
While overall income inequality may have been relatively stable over the last two decades, it appears to be increasing in Auckland (and perhaps in our other big urban centres). This column honours Bob Chapman (1922-2004), professor of Political Studies at the University of Auckland, remembered for his mentoring of many students including Helen Clark. He…
Continue reading this entry »
Paper to the Fabian Society, 12 October, 2016 While we continue to chew over the carcass of the Fourth Labour Government – the Lange-Douglas one – we pay little attention to the subsequent Fifth Labour Government. Yet the Clark-Cullen one is greatly shaping the current Labour Opposition and the current National Government. It will,…
Continue reading this entry »