Piketty Panel

Hello New Zealand readers.  Just giving you a heads up that tomorrow (Thursday, 23 October) there is a panel discussion on the Piketty book (Capital in the Twenty-First Century) and its relevance to New Zealand.

As I contributed to the related book of book reviews, and as this particular event is in Wellington (where I live), I’m on the panel.  Here are the details which I stole from an email:

The event is at the Royal Society (11 Turnbull Street, Thordon) and begins at 5.30pm.
 
Bernard Hickey is chairing the panel, with the other panellists being Geoff Bertram, Brian Easton, Prue Hyman, Max Rashbrooke and Cathy Wylie. 
 
The aim of the event is simply to have some broad and engaging discussion on the relevance of Piketty for New Zealand, with reference to the book being launched on the night. 

And if it swings your boat, you can even join the Facebook event.

If you want to prepare beforehand, here is my long-form review (filled with typos – like honestly filled, it is a first draft that never went any further), here are some common misconceptions, and here is a list of other reviews.

Blue Green party: background reading

Stoked to see Gareth Morgan’s post yesterday calling for a Blue-Green party. He sums it up well in this passage

A Bluegreen party would emphatically express New Zealanders’ preference for clever and clean as the way we want our dollars earned, while leaving National and Labour to fight over how social justice is best promoted – via National’s preference for capacity building through education and training, delivering more flexible employment and wage-setting practices; or via Labour’s penchant for widening and lifting of social assistance, greater progressivity of income tax, widening the tax base on income from capital, and greater protection of labour in the workplace.

Matt and I have been talking about this since 2008 when all the TVHE authors took a political compass test as a gimmick to provide content for the blog. Due to a combination of laziness, a lack of money and no desire to get involved in politics, we haven’t done anything about our great idea. That was 6 years ago and a lot has changed since, but we still think there is room for a centrist Green party and so are stoked to see Gareth using his profile to have a serious conversation about it.

Matt did a good post on this about a year ago (There is some pretty robust discussion in the comments section).  When discussing the failed Progressive Greens party at the 1996 (which David Farrar mentions in his post on Gareth’s post) he noted: Read more

Food: Getting lost in social constructivism

After reading both the Stuff article and the initial article on Gareth Morgan’s blog and the follow up, I am convinced both Gareth and Geoff Simmons (GG) have inadvertently become extreme social constructivists – but may not realise it yet.

Now I hate it when people just whip out rhetoric like “social constructivist” and don’t explain it – so what do I mean, how have they gone this way, and what do we know about this type of framework so we can analyse it?

Read more

Caution advised before using Tourism Industry Association numbers

The Tourism Industry Association New Zealand (TIA) has recently released an array of regionally-tailored media releases in conjunction with its Tourism 2014 Election Manifesto. Although we welcome healthy debate on economic issues in regional New Zealand, we are dubious of the methodology used to estimate regional tourism employment and advise extreme caution beforeutilising any of the TIA’s regional data.

The TIA’s report generates extremely unusual results. For example, the Association claims that 15%of Upper Hutt residents’ jobs depend on the tourism industry, while only 9% of residents’ jobs in Queenstown-Lakes District depend on tourism. This result defies logic and an assessment of the TIA’s methodology suggests that it should be taken with a grain of salt.

Read more

Epsom Property Rights

I had been thinking a bit about the apparent inconsistency between David Seymour arguing against intensification in Epsom whilst simultaneously being part of the ACT party, which wants to repeal the RMA is generally against regulations.  I first read about it in Russell Brown’s post The Ides of Epsom.

Apparently, Seymour reconciles these things through appealing to an argument about “property rights”

What I’m arguing is that the people of Epsom have bought into certain property rights and the character of their community …

Now, most economists would agree that it is important to have a good system of property rights,so I was intrigued by this argument. I was going to examine this issue myself, but Eric Crampton has put this to bed quite succinctly in the tweet below. As Eric points out, unless there is a covenant in place, there is no “deal” that is being broken, which is what economists would be worried by.

Update: Eric has a much fuller discussion on his blog here