The new Minister of Finance implied that Treasury’s ‘books’ were deceptive. Can’t see it myself. I was disturbed by media reports that the new Minister of Finance, Nicola Willis, had criticised the previous Labour Government ‘for leaving the books with “nasty financial surprises” that National will have to clean up’ and that ‘after looking at…
Continue reading this entry »
In his Economists in the Cold War, Alan Bollard contrasts Saburo Okita of Japan with Zhou En Lai of China to highlight a critical issue. Saburo Okita (1914-1993) was in Manchuria (northeast China), in the port city of Darien (Chinese: Dalien) which was occupied by Japan at that time. Because they were politically unsympathetic to…
Continue reading this entry »
Alan Bollard, formerly Treasury Secretary, Reserve Bank Governor and Chairman of APEC, has written an insightful book exploring command vs demand approaches to the economy. The Cold War included a conflict about ideas; many were economic. Alan Bollard’s latest book Economists in the Cold War focuses on the contribution of seven economists with each one…
Continue reading this entry »
A previous column looked at Winston Peters biographically. This one takes a closer look at his record as a minister, especially his policy record. 1990-1991: Minister of Māori Affairs. Few remember Ka Awatea as a major document on the future of Māori policy; there is not even an entry in Wikipedia. The impression is that…
Continue reading this entry »
The picture the commentariat presents of Winston Peters is a misleading caricature. If we don’t try to understand the complexity of the man, we cannot understand what is going on in New Zealand politics. Winston Peters has been active in New Zealand politics longer than any other current politician. He stood for Northern Māori in…
Continue reading this entry »
The more informed an economist is, the more they keep their head down during elections. Elections are not a time to talk about economics in a serious way. Sure, politicians talk about the economy and what they will do to it, with promises soon forgotten when they take power. Elections are timely reminders of how…
Continue reading this entry »
She may have progressed our understanding of women in the economy but that has not resolved all the issues. A woman who was once chief executive of New Zealand’s biggest company said ‘It is true that a large percentage of the [women’s pay] gap is unexplained and that’s where the issue comes about; could it…
Continue reading this entry »
Coalition government reflects a nation’s diversity. Electoral arrangements show it. Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate…
Continue reading this entry »
I was asked by a Spanish journalist the following two questions (particular with attention to a historical perspective): How likely do you see (if at all) a transition from an economy based on primary products towards an economy where digital services exports might play an important part? I would also like to ask about the…
Continue reading this entry »
Review in ‘Newsroom’ 9 May, 2023 In 1972, The New Zealand Journal of History published the article “Te Tiriti o Waitangi: Texts and Translations” by Ruth Ross (1920-1982). Its impact continues 50 years later, and is likely to remain significant in another 50 years. It’s one of the most influential pieces of work by a…
Continue reading this entry »
Working Paper for New Zealand Productivity Commission Introduction Unexpected shocks to the New Zealand economy are endemic. The numerous small ones have been dealt with by the local initiatives inherent in the market economy and by common sense. However, there are a few big shocks where national action has been necessary. Sometimes those actions have…
Continue reading this entry »
Thursday 24 November The Commission’s report on the seminar is here. It includes the my overheads which accompanied the presentation. Introduction I have been commissioned to prepare a report for the New Zealand Productivity Commission’s inquiry into economic resilience. The purpose of the report is threefold: 1. to describe how New Zealand has attempted to…
Continue reading this entry »
Anderton: His Life and Times, by David Grant. (Te Herenga Waka Press) Published in READINGROOM Book of the Week: Oh, Jim. On Jim Anderton, the best PM we never had (October 27 2022). Despite the country being dominated by dreary politicians, two of the most charismatic of the last fifty years did not quite make…
Continue reading this entry »
Waikato Times May 21 2022 The University of Waikato made an inspired choice when it appointed Ian Pool to a chair in sociology in 1978. Strictly, he was not a sociologist. His masters degree had been in geography at the Auckland University College; his 1964 PhD in Demography was at the Australian National University under…
Continue reading this entry »
This is adapted from a section of book, ‘In Open Seas’, which I am writing. I have published this extract because there has been some ahistoric claims about the characteristics of New Zealand’s public income support system. The 1972 Royal Commission on Social Security (the ‘McCarthy Commission’) pointed out that there was a case for…
Continue reading this entry »
Jasfest, 7 December 2021 I apologise for not presenting this short tribute to Jas. I have had a tumour removed from my larynx. The prognosis is good, but it will take some time for my voice to recover sufficiently to be able to make presentations. I want to talk about Jas as a macroeconomist, but…
Continue reading this entry »
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…
Continue reading this entry »
Conversations about our country with Jim Bolger: David Cohen (Massey University Press, Auckland, 287pp, $45.) NZ International Review (September/October 2021) p.29-31 James Brendan Bolger presents a paradox. When he became prime minister, a Tom Scott cartoon presented him as a kind of Forrest Gump; in 2017 he outshone his other three panellists: Helen Clark, Geoffrey…
Continue reading this entry »
on Not In Narrow Seas: The Economic History of Aotearoa New Zealand 21 April, 2021 The most important thing I want to say today is to thank the Stout Centre for its contribution to Not In Narrow Seas. I had the privilege of a Stout Fellowship for a year which was crucial in the writing…
Continue reading this entry »
Presentation to a Statistics New Zealand Seminar, 23 February, 2021. Māori involvement in the economy has been an integral part of New Zealand’s story, even if we ignore the first 500 years when there was only a Māori economy. Unlike many of our histories, Not in Narrow Seas does not. There are about 40,000 words…
Continue reading this entry »