Productivity woes….continued

In my post on Monday I drew attention (again) to the fact that New Zealand has made no progress at all in reversing the decline in relative economywide productivity (relative to other advanced countries) since what was hoped to be a turning point, with the inauguration of widespread economic reforms after the 1984 election. If anything, […]

Productivity woes….continued

Pension crisis

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Wrong from the start:

In 1798, Thomas Malthus told the world to expect collapse – “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio.”

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Quotation of the Day…

Tweet… is from my emeritus Nobel-laureate colleague Vernon Smith‘s splendid speech “Human Betterment Through Globalization,” delivered in September 2005 at the Irvington-on-Hudson then-headquarters of the Foundation for Economic Education: The challenge is that we all function simultaneously in two overlapping worlds of exchange. First, we live in a world of personal, social exchange based on…

Quotation of the Day…

190308 [Webinar] Consistent Economic Policy and Economic Development

Claims about Japanese immigration

Japan will become an immigration powerhouse. Before the pandemic, the country was on track to accept about 150,000 new non-Japanese employees per year. This more than doubled to almost 350,000 in the first half of 2023. There are now approximately 3.2 million non-Japanese residents of Japan, up from barely half a million 30 years ago. […]

Claims about Japanese immigration

FMI Public Speaker Series – Finn Kydland

Finn E. Kydland Nobel Lecture at CERGE-EI

Claudia Goldin: “What’s ‘Greedy Work’ and Why Is It a Problem?” | People…

Is Discrimination Still Causing The Gender Pay Gap With Claudia Goldin

Goldin Nobel

In a country supposedly infected by “white supremacy,” “white privilege” and “systemic racism” how did all of these non-white minority groups get to be SO successful in the US, outearning the typical White American household?


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2023 prize lecture in economic sciences | Claudia Goldin

LINDSAY MITCHELL: Oh, the irony

Appointed by new Labour PM Jacinda Ardern in 2018, Cindy Kiro headed the Welfare Expert Advisory Group (WEAG) tasked with reviewing and recommending reforms to the welfare system. Kiro had been Children’s Commissioner during Helen Clark’s Labour government but returned to academia subsequently. In 2019 the WEAG reported back with 42 recommendations including:Recommendation 11: Remove…

LINDSAY MITCHELL: Oh, the irony

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