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Comments on: Size matters http://www.tvhe.co.nz/2012/03/05/size-matters/ The Visible Hand in Economics Fri, 23 Mar 2012 14:49:15 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Simeon http://www.tvhe.co.nz/2012/03/05/size-matters/#comment-37227 Fri, 23 Mar 2012 14:49:15 +0000 http://www.tvhe.co.nz/?p=6769#comment-37227 Or another possibility, growth in employment is based on growth of market size, NZ is market constrained (compared to the US), where the winner can get very “large” before they need to leave the home region. By this stage they are used to being large companies. Where-as NZ and Greece are small countries, and until recently trade with neighbors was expensive due to currency issues, thus we both have a tendency to stay local/small.

]]> By: jamesz http://www.tvhe.co.nz/2012/03/05/size-matters/#comment-36989 Mon, 05 Mar 2012 02:23:48 +0000 http://www.tvhe.co.nz/?p=6769#comment-36989 In reply to Hutchison.

Absolutely. That is why it’s so important to focus on some sort of welfare measure rather than growth when you define a problem: you could easily lift growth while making people worse off.

]]> By: Hutchison http://www.tvhe.co.nz/2012/03/05/size-matters/#comment-36988 Mon, 05 Mar 2012 01:11:39 +0000 http://www.tvhe.co.nz/?p=6769#comment-36988 Why would you rule out the possibility that NZ firm owners don’t want to reap the rewards of growth?  Growing a firm has costs – time, stress, hard work, risk, being despised as a “rich prick” – as well as benefits.  Seems to me entirely credible that many small business owners don’t think the latter justifies the former.

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