1966 and All That

This entry was posted in Literature and Culture, Macroeconomics & Money on 12th May 1979 by Brian Easton.

Listener 12 May, 1979

Keywords: Macroeconomics & Money;

The terms of trade measure the value of our exports. In the 1950s and the early 1960s they were high, which meant that we were able to buy a lot of imports for each tonne of wool, meat or butterfat. It may well be that for those 18 years we experienced the longest period of high terms of trade in our entire history .As a result New Zealand had one of its most sustained periods of prosperity. Not the least of the achievements were moderate economic growth, low inflation and negligible unemployment.

The Third Great Depression

This entry was posted in Listener, Macroeconomics & Money, Political Economy & History on 10th December 1977 by Brian Easton.

Listener 10 December, 1977. This is the first of my Listener columns

Keywords: Macroeconomics & Money; Political Economy & History;

New Zealand is in the middle of its third great depression. Our first, the long depression, commenced in the late 1860s and finished in the 1890s. Our second, the inter-war depression, was from 1921 to 1939. The third comrnenced in the mid-1960s; its end is not in sight.