Accurate statistics matter
02 Apr 2018 Leave a comment
in economic growth, economic history, politics - USA, poverty and inequality Tags: capitalism and freedom, The Great Enrichment
Francis Fukuyama and Charles Murray on “Inequality and Populism”
25 Feb 2018 Leave a comment
in development economics, economic growth, economic history, labour economics, poverty and inequality Tags: Charles Murray, The Great Enrichment
Still waiting for the growth dividend of the education boom
15 Feb 2018 Leave a comment
in economic growth, economic history, economics of education, human capital, labour economics, macroeconomics Tags: endogenous growth theory
What Was the Industrial Revolution? Robert E. Lucas Jr.
25 Oct 2017 Leave a comment
in development economics, economic growth, economic history, labour economics, labour supply, macroeconomics, occupational choice Tags: industrial revolution
Why is the reduction in GDP levels so small? @GreenpeaceNZ @Oxfamnz
30 Jul 2017 Leave a comment
in applied welfare economics, climate change, economic growth, energy economics, environmental economics, global warming
The global reduction in the level of GDP between now and 2060 is estimated to range between 0.6% and 4.4% if nothing is done. In the case of developing countries undergoing growth miracles, we are all talking about 6 months GDP growth! Russia and Canada will be overrun by tourists in the event of runaway climate change.
Source: The Economic Consequences of Climate Change The damages from selected climate change impacts to 2060 DOI:http://dx.doi.org/10.1787/9789264235410-5-en
Edward C Prescott on the EU, business cycles and European economic research
07 May 2017 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, macroeconomics Tags: real business cycle theory
The wage bump from 1% Oz company tax cut @TheAusInstitute @GrattanInst @JordNZ
31 Mar 2017 Leave a comment
in economic growth, fiscal policy, politics - Australia, politics - New Zealand, public economics Tags: company tax incidence, endogenous growth theory, optimal tax theory
How wasteful is the Oz company tax? @TheAusInstitute @GrattanInst
30 Mar 2017 Leave a comment
Source: The incidence of company tax in Australia, Xavier Rimmer, Jazmine Smith and Sebastian Wende, Australian Treasury working paper.
Business Cycles – Edward C. Prescott
25 Mar 2017 Leave a comment
in business cycles, development economics, economic growth, economic history, financial economics, fiscal policy, macroeconomics Tags: Edward Prescott, real business cycles
Efficient taxes lead to higher taxes
19 Mar 2017 1 Comment
in economic growth, fiscal policy, macroeconomics, public economics Tags: growth of government, size of government
My favourite @FairnessNZ graphic
05 Mar 2017 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, economics of regulation, macroeconomics, politics - New Zealand Tags: alternative facts, Employment Contracts Act, labour market reform, neoliberalism, Rogernomics
Source: Low Wage Economy | New Zealand Council of Trade Unions – Te Kauae Kaimahi, with extra annotations by this blogger.
To paint pre-1984 New Zealand, pre-neoliberal New Zealand as a fairly egalitarian paradise, Max Rashbrooke is an example, is to ignore two thirds of the population and the inequalities they suffered:
“New Zealand up until the 1980s was fairly egalitarian, apart from Maori and women, our increasing income gap started in the late 1980s and early 1990s,” says Rashbrooke. “These young club members are the first generation to grow up in a New Zealand really starkly divided by income.”
Racism and patriarchy can sit comfortably with a fairly egalitarian society if you are to believe the vision of the Twitter Left as to their good old days.
John Quiggin refers to the period in Australia known as the Menzies Era as part of his golden age of the mixed economy. The Menzies Era was most of the 23 years of uninterrupted conservative party rule between 1949 and 1972. The actual Menzies Era was the period up to 1966 when Liberal Party Prime Minister Sir Robert Menzies retired
Robert E. Lucas, JR on the industrial revolution
22 Feb 2017 Leave a comment
in applied price theory, development economics, economic growth, economic history, macroeconomics, Robert E. Lucas Tags: industrial revolution, The Great Enrichment
Utopia, you are standing in it! 
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