economics

One of the biggest issues missed during the election campaign was the sustainability of National's economic, environmental and even social policies. So what do you do if the government's not thinking long-term?

Behavioural economics is not a complete theory but it demonstrates that we are not the economic rational being usually assumed in economics theory. One of the most troubling divergences is that we make time-inconsistent decisions so our short run choices do not cohere over the longer term.

Aid on way to Philippines, most survivors yet to receive help; China's Communist Party talks reform and economics; far-right rioters disrupt Poland's independence day celebrations; Norway's housing market deflates; and more 

Top of the Agenda: U.S. Sends Warships for Philippines Relief

And when poodles armed with noodles in a fiscal muddle scuffle, they call this a fiscal-feudal muddled poodle Laffer laughter ever after addled prattle battle

This morning David Farrar tries to resurrect an old chestnut: “If you want the rich to pay more tax, you should tax them less.” Apparently, not content with bringing New Zealand the lowest overall top tax rate in the high income OECD, now some in National intend to complain that it is still too high.

Austerity protests rage across Europe, and here in New Zealand a leading proponent of the free-market economy rethinks his stance

Yesterday I was astonished to read of Bernard Hickey’s stunning conversion from high priest of neoliberal economics to advocate of far greater control by New Zealanders of our own economy.