Outside of Parliament, the cold water thrown over the Wellbeing Budget should dampen Robertson’s rapture

tutere44's avatarPoint of Order

Finance Minister  Grant  Robertson   could not disguise the rapture that had seized him, when   he was questioned this week in  Parliament  on reactions  to   the budget.

He  was  excited,  apparently,   because  the government  had received  an  “overwhelming”  response from the people of  NZ to the  wellbeing budget.  There had  been a   vast  amount of  correspondence.

He cited   the  Salvation Army as  seeing the budget as   “a step on the path towards lifting New Zealanders out of poverty”  and the Children’s Commissioner  likewise  believing  it “takes seriously the need for a step-change in the way we support the wellbeing of NZ children”.

Good stuff, then, even though it  may  sound a bit  weird  to Kiwis   who  had believed their  country’s living standards  rank  reasonably   well  against  those of  other  developed  nations. 

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Jordan Peterson on the Gender Equality Paradox

The Price of Everything, the Value of the Economy: A Clark Medal for Emi Nakamura!

afinetheorem's avatarA Fine Theorem

Fantastic and well-deserved news this morning with the Clark Medal being awarded to Emi Nakamura, who has recently moved from Columbia to Berkeley. Incredibly, Nakamura’s award is the first Clark to go to a macroeconomist in the 21st century. The Great Recession, the massive changes in global trade patterns, the rise of monetary areas like the Eurozone, the “savings glut” and its effect on interest rates, the change in openness to hot financial flows: it has been a wild twenty years for the macroeconomy in the two decades since Andrei Schleifer won the Clark. It’s hard to imagine what could be more important for an economist to understand than these patterns.

Something unusual has happened in macroeconomics over the past twenty years: it has become more like Industrial Organization! A brief history may be useful. The term macroeconomics is due to Ragnar Frisch, in his 1933 article on the

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High Hitler! – Nazis on Crystal Meth Part 1 – WW2 SPECIAL

Predictive failure doesn’t discredit public intellectuals

If radio as well as TV will broadcast darts matches, it would broadcast women’s soccer if it rated with audiences. Isn’t US women’s soccer on Pay YouTube after bombing on Pay TV?

The Protestant Reformation: Crash Course European History #6

Edward C. Prescott – How to Restore US Prosperity?

Jean Tirole: Market Failures and Public Policy

The reason for fewer women in the STEM field

Economics and public policy

@AOC is slow to live the green life

John Tooby on evolutionary psychology

Ten Minute English and British History #16 – The Wars of the Roses

party in the street: bush v. obama war policy

fabiorojas's avatarorgtheory.net

Iraq_Troop_Strength.svgFrom the Wiki entry on the 2007 Troop Surge in Iraq. Notice that troop level start declining in 2007, then stabilize at 40,000 and then 20,000.

When I tell people about Party in the Street, they are often puzzled. They think that the antiwar movement de-escalated because Obama pulled troops out of Iraq. They do not believe that the Obama administration actually pursued a lot of pro-war policies. In other words, people often hold the common view that Obama was clearly the anti-war president and Bush was the pro-war president.

The empirical facts that motivated Party in the Street are two: First, the collapse of the antiwar movement begins during late 2006/early 2007, the point at which troop levels in Iraq were at a high point. If activism were driven solely by facts on the ground, you’d see the Surge lead to an increase in anti-war activism until…

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