Category Archives: History of Ideas, Methodology, Philosophy

IN OPEN SEAS: PART III: Paddling (1986- )

Brian Easton (Journalist) Interviews Brian Easton (Economist) Part I is IN OPEN SEAS: PART I: On the Seashore: (1943-1970);  Part II is IN OPEN SEAS: Part II: Launched (1970-1986). Part II and Part III were  going to be published as a companion pieces in Asymmetric Information but there have been no issues since August 2021 Why did…
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IN OPEN SEAS: Part II: Launched (1970-1986)

Brian Easton (Journalist) Interviews Brian Easton (Economist) Part I is IN OPEN SEAS: PART I: On the Seashore: (1943-1970) This was going to be published as a companion piece in Asymmetric Information but there have been no issues since August 2021 From Sussex University to Canterbury University? It was very different economics department in 1970…
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Review of Michael Cullen’s Autobiography

New Zealand International Review November/December 2021 Vol 46, No 6 p.26-7. LABOUR SAVING: A Memoir by Michael Cullen (Allen and Unwin, Auckland, 432pp, $50) In the 40 years since Muldoon’s reign, the predominant form of national political leadership has been a dual premiership in which, broadly, the prime minister manages the politics and the co-premier…
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IN OPEN SEAS: Part I: On the Seashore: (1943-1970)

Brian Easton (Journalist) Interviews Brian Easton (Economist) Published in Asymmetric Information, Issue 71 August 2021. You grew up in Christchurch? In Somerfield, in the south of the city, in a state house the family bought. Dad was an electrician who in the middle of his life became a psychopaedic nurse. Mum was a clerical worker…
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IN PRAISE OF THE VIENNESE SCHOOL OF ECONOMICS

The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas: Janek Wasserman (Yale University Press; 2019) Asymmetric Information, Issue No. 70 / April 2021 p.7-8. Mentioning to colleagues that I was reading a book on Austrian economists almost invariably led to strong responses – sometimes positive, more often negative. But, typically, their responses were…
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Some Published Articles on Behavioural Economics by Brian Easton

In the Abstract: Will Most Of Us Have an Impoverished Retirement? (June 6, 1998) Richard Thaler’s Savings Principles (7 January 1999) Two Styles Of Management (1 July 1999)             This reviews             Thaler, R.H. (1992) The Winner’s Curse: Paradoxes and Anomolies of Economic Life, Princeton University Press;             Thaler, R.H. (1994) Quasi Rational Economics, Russell…
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Notes on ‘Rentier Capitalism’

I have been dipping into Brett Christophers’ Rentier Capitalism: Who Owns the Economy and Who Pays for It? Economists should be warned that his use of the term ‘rentier’ is ‘heterodox’ (his term). I have no difficulty with Humpty-Dumpty’s ‘When I use a word, it means just what I choose it to mean – neither…
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Why Don’t We All Live in Australia?

Migration patterns provide further evidence that wellbeing is not simply measured by income. New Zealand’s GDP per person is about 20 percent lower than Australia’s. Some think that the difference arises because our economic policies have been inferior. They then leaps to arguing for new policies based on ideology rather than evidence. Frequently those policies…
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Do We Really Care about the Marginalised?

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)…
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Are We Really Budgeting for Wellbeing?

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….
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ECONOMISTS AT WAR: How a Handful of Economists Helped Win and Lose the World Wars: Alan Bollard

New Zealand International Review, January/February 2021 Vol 46, No 1: p.28-29 (Oxford University Press, Oxford, 2020, 321pp, £20) The outcome of a long war is usually determined by the economic strength of the combatants. But how to present this in a lively and interesting way — battles are so much more engaging? Alan Bollard successfully…
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Good and Faithful Servant: Jas McKenzie 1939-2020

Policy Quarterly Vol 16 No 3 (2020) p.79-80. The earliest assessment of Jas that I recall is that he was ‘New Zealand’s John Stone’, referring to a towering secretary of the Australian Treasury. When I told Jas this, he was appalled because their political views were very different. I explained that the comparison arose because…
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What Happened to Egalitarian 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…
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Obituary: Ian Francis Shirley

Ian Shirley (28 February 1940 – 20 January 2019) This obituary was first published in “The Policy Observatory” which Ian founded New Zealand’s progressive causes have been driven by a strong sense of social justice. Ian Shirley was one of the nation’s strongest drivers. He was born in Kaiapoi and spent his early years in…
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NEW ZEALAND’S 9/11: UNITY IN DIVERSITY

This was submitted to an American publication but not published.) On 15 March, 2019, a gunman entered Masjid Al Noor, a mosque in Christchurch, New Zealand, during prayer time, and fired a semiautomatic rifle adapted to shoot continuously. He then went to a second mosque a few miles away, shooting people there too. Altogether 50…
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Pressures to be Selfish

The last column described the philosophy of economist James Buchanan as it applied to the United States. What is its relevance to New Zealand? When I looked at James Buchanan’s theory of public choice, I was struck by how it reflected an American institutional setting; Our political system is different. Even so, our colonial mentality…
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Wealth’s Political Stealth

A new biography of James Buchanan, a founder of economist’s public choice theory, suggests he was not only anti-democratic but was working with others to revoke democracy in America. The work of economist and social philosopher James Buchanan (1919-2013) came to prominence in the mid-1980s when he was awarded the Economics Prize in honour of…
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