Latest Dom Post article, any discussion will be found here. Just realised I was sort of implicitly agreeing with Sen’s capability approach. I didn’t write it with that in mind, but it was probably hanging in the back of my head. Feel free to discuss – I promise to get back to real blogging some …
Monthly Archive: September 2009
Permanent link to this article: http://www.tvhe.co.nz/2009/09/29/freer-markets-freer-people/
Sep
29
2009
Peak oil, the market will save us (at a price)
From the Institutional Economist blog we’ve just seen an article on peak oil. I agree with the author that markets will facilitate any movement from using oil to using a substitute. As yes, the market will help to develop further exploration for oil fields – which will provide more oil. But I feel two points …
Permanent link to this article: http://www.tvhe.co.nz/2009/09/29/peak-oil-the-market-will-save-us-at-a-price/
Sep
24
2009
One instrument, one target
Am I the only person left that believes in this rule of thumb? From a Herald article on the IMF: Policy makers will need to employ judgment to look at what is driving asset price movements and discretion to avoid costly policy mistakes Now to be fair, they also suggest that maybe central banks should …
Permanent link to this article: http://www.tvhe.co.nz/2009/09/24/one-instrument-one-target/
Sep
24
2009
Cartoon: Economics
Ht Big Picture To be fair, economics is a wide ranging social science and we can’t criticise some parts of the discipline on the basis of poor forecasts. Furthermore, even in the realm of economic forecasting, the goal is to paint out risks given limited data and an imperfect knowledge of the complex world around …
Permanent link to this article: http://www.tvhe.co.nz/2009/09/24/cartoon-economics/
Sep
23
2009
GDP June 09: The recession is over
So, the recession is over – not what I expected. I had an ipredicit contract saying that GDP would be positive, but then I covered my position yesterday. That will teach me Update: Looks like it was the cold winter that pulled us out of recession – the increase in electricity generation more than accounted …
Permanent link to this article: http://www.tvhe.co.nz/2009/09/23/gdp-june-09-the-recession-is-over/
Sep
23
2009
Did we have positive growth in June?
GDP is out later today, and there are calls from some that growth turned positive again in June. While a mild bounce-back from the sharp March 09 fall is conceivable in of itself I’m not sure if I buy it. Partial indicators have still been poor and the NZIER QSBO was still incredibly weak for …
Permanent link to this article: http://www.tvhe.co.nz/2009/09/23/did-we-have-positive-growth-in-june/
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