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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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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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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Presentation to the 2021 Conference of Theatre Managers & Educators, Dunedin 5-7 May. Today I am going to discuss the governments plans for the health system. Let me begin with an admission about my perspective. Many New Zealanders are more centralist in their view of the governance of society than I am. I come from…
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Presentation to the 2021 Conference of Theatre Managers & Educators, Dunedin 5-7 May. A few weeks ago, the government announced the next health sector redisorganisation. So I have scrapped the presentations I promised, in favour of an account of what is happening and where we might be going. Today’s presentation is centred on a history…
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New Zealand’s most distinguished economist reviews New Zealand’s premier financial agony aunt Newsroom 29 April, 2021 Because economists are believed to know the mysteries of finance, I am often asked to give financial advice. I advise that I would never take the advice of an economist without paying for it; that it is never worth…
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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…
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1 Summary 1.1 This short paper sets out a scheme for reducing the shock of lost income from redundancy. 2 Preliminaries: Dealing with a Private Market Failure 2.1 This proposal arises because the private market has not been able to provide adequate income protection for those who become unemployed from redundancy. In particular…
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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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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…
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There are times when tikanga needs to be broken for tikanga to survive. I recently gave a presentation on Māori economic history based on my Not in Narrow Seas. Its most important message was that Māori proved to be a very adaptable people continually evolving as new opportunities arose. The European tradition recalls the Duke…
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I have been gripped by the World Oddometer’s daily reports tracking the covid statistics. In a way it was a rejection of Stalin’s ‘one death is a tragedy; a million is a statistic’; I have watched with agony the paths of various countries. But this statistician knew that the data reflected reported deaths from covid,…
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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…
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The burning of books has a long history. That it no reason why we should add to it. If you want to get Burning of the Books: A History of Knowledge Under Attack from the National Library you may have to hurry. It is in the overseas nonfiction section; many books of which are being…
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Building more houses is not going to reduce house prices much (although it will help more people to be decently housed). The inflation driver is financial speculation based on leveraged borrowing. Until that is addressed, house prices will continue to boom. Policies based on theories which do not fit the facts are not going to…
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While many readers will say ‘the king is certainly not above the law’, not everyone believes that, especially if they are in power. The term ‘democracy’ is complicated and often used misleadingly. For instance, the ‘German Democratic Republic’ (a.k.a. East Germany), which was a part of the Soviet Empire, had one male in four reporting…
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The Treasury forecasts suggest the economy is doing better than expected after the Covid Shock. John Kenneth Galbraith was wont to say that economic forecasting was designed to make astrology look good. Unfair, but it raises the question of the purpose of economic forecasts. Certainly the public may treat them as horoscopes which is usually…
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All nations have shadows; some acknowledge them. For others they shape their image in uncomfortable ways. The staunch Labour supporter was in despair at what her Rogernomics Government was doing. But she finished ‘at least, we got rid of Muldoon’, a response which tells us that then, and today, one’s views of Robert Muldoon, prime…
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Does the US need to strike a grand bargain with like-minded countries to pool their efforts? What does this tell us about today’s global politics? Perhaps the most remarkable editorial of last year was the cover leader of the London Economist on 19 November 2020. Shortly after Joe Biden was elected president, that stalwart of…
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The deed is done, the doers undone Had I been a Brit, I would have voted ‘Remain’ rather than Brexit (or ‘Leave’). Instead, I have been bemused by the comic theatre of British politics, fascinated by what the Brits actual think and professionally interested by the revelations of the complexity of the interactions between Britain…
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