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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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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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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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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Unlike in some other places, the New Zealand Government decided that books were not essential goods and closed all bookshops during Alert Level 4. Even during Alert Level 3 you can only buy books online.
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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A discussion on ‘Nights’ with Bryan Crump. 28 May, 2019 The audio is here. See also here.
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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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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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,…
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(William) KEITH EASTON: 18 August 1944 – 26 April 2016 When I was about 12, the family was hit by a virus which made us lackadaisical and sleepy. I recall that on the afternoon it impacted on me, I struggled to meet my raspberry picking quota. Keith, 17 months younger, went down for a week….
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It is not what Eleanor Catton said about the government, but how we respond to what she said. Sean Plunkett’s intemperate attack on Eleanor Catton is a reminder of just how superficial is tolerance of dissent in New Zealand. I leave others to defend the exact interchange – Danyl McLauchlan was as I normally expect…
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Jeff Madrick identifies seven bad economic ideas; Alan Blinder is more cautious. What do economists actually believe, and how does it stack up against what we think economics says? Jeff Madrick, a highly respected American economic journalist, recently published a book, Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World. It was…
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The Secretary of the Treasury appears to have doubts. Pundit: 24 November, 2014. Keywords: History of Ideas, Methodology & Philosophy; In a speech to economics teachers earlier this month, the Secretary of the Treasury, Gabriel Makhlouf, argued for a different approach to economics from the one which dominates the profession in New…
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Thomas Piketty says economic inequality has been getting greater in the world, and will get greater. What about New Zealand? Pundit: 28 October, 2014 Keywords: Distributional Economics; History of Ideas, Methodology & Philosophy; Paul Krugman has said “Thomas Piketty has transformed our economic discourse; we’ll never talk about wealth and inequality the…
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Jack Shallcrass died on the 13 August, 2014 at the age of 91. Many years earlier in 1965 – he was 42 and I 21 – he spoke at the University of Curious Cove. His lecture, ‘The Right to Dissent’ greatly influenced my thinking. Its themes of the central role of dissent in a civilised…
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Published as a briefing paper: 13 May, 2014 (A service being provided by AUT) http://briefingpapers.co.nz/ Keywords: History of Ideas, Methodology & Philosophy; The annual May budget is a public spectacle. The Minister of Finance is photographed holding aloft a copy of his speech while those from political parties and sectors dominate media discussions…
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As our main indicator of economic growth, GDP has major limitations. Listener: 30 January, 2014. Keywords: History of Ideas, Methodology & Philosophy; Political Economy & History; The expectation is for normal economic growth in the coming year. The economy peaked in September 2007 and stagnated (in per-capita terms) through to March…
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Why it has taken so long for child poverty to become part of the conventional wisdom. Listener: 16th January, 2014 Keywords: Distributional Economics; History of Ideas, Methodology & Philosophy; Social Policy; Corso, the Council of Organisations for Relief Services Overseas, decided in 1979 that it was wrong to ignore poverty in New…
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