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Comments on: Thinking about Aaron Inc http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/ The Visible Hand in Economics Mon, 26 Aug 2013 20:02:57 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: TVHE | Cunliffe, fairness, and tax http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41985 Mon, 26 Aug 2013 20:02:57 +0000 http://www.tvhe.co.nz/?p=9487#comment-41985 […] the group of people who share our moral judgments (and these work imperfectly – which is why economists add to this by stressing caution in action).  This is a completely and totally vacuous statement, one that is held by every […]

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By: Subsidising mini-skirts | The Dismal Science http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41939 Mon, 19 Aug 2013 09:02:07 +0000 http://www.tvhe.co.nz/?p=9487#comment-41939 […] asked yesterday why the Government is asked to fix every perceived problem. As inspiration for his forthcoming post […]

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By: Subsidies in everything | TVHE http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41929 Fri, 16 Aug 2013 10:50:49 +0000 http://www.tvhe.co.nz/?p=9487#comment-41929 […] asked yesterday why the Government is asked to fix every perceived problem. As inspiration for his forthcoming post […]

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By: jamesz http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41928 Fri, 16 Aug 2013 10:42:00 +0000 http://www.tvhe.co.nz/?p=9487#comment-41928 In reply to Aaron Schiff.

I prefer to replace ‘NZ Inc perspective’ with ‘growth perspective’. My experience is that NZ Inc implicitly refers to some measure of national income and calling it ‘growth’ indicates that you’re explicitly excluding everything else.

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By: Matt Nolan http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41925 Fri, 16 Aug 2013 02:01:00 +0000 http://www.tvhe.co.nz/?p=9487#comment-41925 In reply to Aaron Schiff.

They’d try to build a happiness machine, spitting out units of happiness.

I call it a brewery, but people may have other ideas …

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By: Aaron Schiff http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41924 Fri, 16 Aug 2013 01:10:00 +0000 http://www.tvhe.co.nz/?p=9487#comment-41924 Great extra points guys – thanks. As James said on Twitter, it’d be handy to have a catchy phrase to replace NZ Inc. Something around happiness might be good, then the govt could have a Happiness Growth Agenda 🙂

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By: Matt Nolan http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41923 Thu, 15 Aug 2013 22:07:00 +0000 http://www.tvhe.co.nz/?p=9487#comment-41923 In reply to Shamubeel Eaqub.

“Matt, can you please do a post on my anecdotal observation that whenever
something goes wrong, the reaction is “what will the government do
about it?””

You have an account – you can do a post 🙂

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By: Shamubeel Eaqub http://www.tvhe.co.nz/2013/08/16/thinking-about-aaron-inc/#comment-41922 Thu, 15 Aug 2013 21:56:00 +0000 http://www.tvhe.co.nz/?p=9487#comment-41922 It lines up with the disparity between income (slipping relative to OECD) versus quality of life/happiness (pretty high, #5 I think) indicators for NZ. Robert MacCallouch at UoA raised this with me over coffee several times. We make choices based on a number of variables, many unobservable by the government. Well maybe not after GCSB stuff 😉

It is also relevant for the discussion around Fonterra and export diversity. There is a rally cry that NZ Inc must diversify. But if you create regulation that creates an entity like Fonterra and there is high global demand and prices for dairy, where do you expect resources to be allocated?

Matt, can you please do a post on my anecdotal observation that whenever something goes wrong, the reaction is “what will the government do about it?”

Isn’t there a role for using broad frameworks that already exist and using personal responsibility. Perhaps the reaction should be to wind back complicated policies rather than adding more?

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