In the economic contest between communist China. and democratic India what matters is people. Listener: 9 August, 2014 Keywords: Growth & Innovation; Political Economy & History; The debate in the 1950s was whether the Chinese economy would do better than the Indian one. Both countries had become independent in the late 1940s,…
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Conquest was the old way for countries to acquire resources, but trading is much cheaper. Listener: 12 July, 2014. Keywords: Globalisation & Trade; Political Economy & History; Over the next few years, as we think back to the Great War a century ago, we will be reminded of politics and bungling, heroism…
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If New Zealand is heading for a housing market implosion, watch what you borrow. Listener: 24 June, 2014. Keywords: Business & Finance; Macroeconomics & Money; Regulation & Taxation; When commentator Jesse Colombo in business journal Forbes said New Zealand had a housing and credit bubble, Economic Development Minister Steven Joyce shot the…
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It’s election year – should the government surplus be used to a) cut taxes, b) help the poor or c) repay debt? Listener: 5 June, 2014 Keywords: Macroeconomics & Money; Just before the Budget there seemed to be a public disagreement on economic policy between Prime Minister John Key and Finance Minister…
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If minority interests are to be met, how are they to be funded? Listener: 15 May, 2014 Keywords: Literature and Culture; Macroeconomics & Money; Except for talkback, one thinks of radio as an audience-passive medium. Radio New Zealand (RNZ) was reminded that this is not necessarily the case at an April meeting…
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The answer to cutting carbon emissions is to wallop shoppers in the wallet. Listener: 24 April, 2014 Keywords: Environment & Resources; Regulation & Taxation; Who pays beer tax? Technically, it is paid to the Government by the brewers. But they pass it on, so ultimately the tax is paid by beer drinkers….
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Chips with Everything It is a fallacy to claim the poor just need financial advice to improve their lot. Listener: 10 April, 2014. Keywords: Distributional Economics; Social Policy; I was working on a standard-of-living case and was shown figures prepared by an approved budget advisory service for Meg and her daughter Stacey…
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It’s much easier to be environmentally pure in opposition than in government. Listener: 27 March, 2014 Keywords: Environment & Resources; Political Economy & History; Last year, a blogger argued that the Green Party did not need to engage with business interests while in opposition since whatever it did, it would win no…
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Statistical errors aren’t unusual – so it’s important to measure their effects. Listener: 13th March, 2014 Keywords: Distributional Economics; Statistics; There was a bit of flapdoodle recently when the Treasury and Statistics New Zealand owned up to having made an error in some household income statistics, which had a knock-on effect on…
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Can economics make the case for propping up loss-making arts ventures? Listener: 27 February, 2014. Keywords: Literature and Culture; I indulge in the Metropolitan Opera of New York’s Live in HD, cinema releases of live productions for large-screen high-definition viewing. I’m not really an opera fan, but given their quality, I am…
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Free trade is a fine ideal but comes at the cost of compromised sovereignty. Listener: 13 February, 2014. Keywords: Globalisation & Trade; Once free trade agreements (FTAs) were about reducing tariffs on imports. But it wasn’t long before it became necessary to deal with other means of favouring domestic production: import controls,…
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Listener: 8 February, 2014. Keywords: Distributional Economics; Social Policy; I hope Brian Easton (Economy, January 25) is right that child poverty is at last accepted by the conventional wisdom. He made an early contribution to the debate. However, I fundamentally disagree with him that there has been a lack of quality research….
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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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Literary classics from another era can tell us a lot about today’s economy. Listener: 2 January, 2014. Keywords: Literature and Culture; Political Economy & History; This year I’ve been reading early 19th-century novels, partly for their literary quality and narrative, but also because they shed a fascinating light on English industrialisation and…
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Oh for leaders who cushion us from economic blows and remain progressive. Listener: 12 December, 2013 Keywords: Growth & Innovation; Political Economy & History; We might pretend economic management is concerned with accelerating growth, but it is mainly about dealing with the myriad shocks that pepper the economy. The market can…
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Policymaking is too often based on what someone thinks is a good idea. Listener: 5 December, 2013 Keywords: Governance; Growth & Innovation; The Prime Minister’s chief science adviser, Sir Peter Gluckman, has called for the greater use of evidence-based policy formation. It arises out of his medical background, where there has been…
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Wellington School of Medicine Seminar Series: 22 November, 2013. [1] Keywords: Governance; Health; The Public Finance Act requires the Treasury to produce a statement on the Crown’s Long Term Fiscal Position every four years. It involves projecting 40 and more years out based on current policy assumptions with some alternative policy assumptions to assist…
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Can the property companies that run rest homes provide effective care? Listener: 14 November, 2013 Keywords: Regulation & Taxation; Retirement Policy; Social Policy; I have had to visit a number of rest homes for the elderly. Such visits can be pretty draining. The one positive is the caring and concerned staff –…
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The Truth Behind the Free Market by Bryan Gould (Macmillan, $54.95) This review was commissioned by ‘The Listener’ but not used Keywords: History of Ideas, Methodology & Philosophy; Political Economy & History; The dominant public narrative has a vision of business and the market as progressive forces, held back by unnecessary interventions from politicians and…
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