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I see Brian Rudman suggesting that we make a government remuneration board for workers on low wages. Some concerns: This isn’t “society giving people a fair go” – this is one set of people being told to increase the amount they pay for a factor of production, it is put down as their responsibility and […]
Aaron Schiff has an excellent post up on his blog, discussing why the NZ Inc idea can be a bit dangerous. I agree with him, and he has made a neat way of explaining it more clearly than I could have: Think about it from a personal perspective. Imagine I was offered a high paying […]
I woke up this morning with a headache, and the only thing I could think about was Olympic athletes taking drugs. After all, why do we have such a problem with it. If elite athletes decide to take drugs and do really cool stuff that we can watch in our own homes isn’t this all […]
In the second part of my series on taxation I wrote about distortion and burden. But I’m not sure whether my description about wedges and how people respond to prices was necessarily clear enough for a non-economist audience. So I’m going to experiment with some other ways of articulating what I mean – ways that […]
Note: I think of macropolicy as policy that is focused on inflation, interest rates, unemployment, and GDP. Of course, the causes of shifts in these often have micro-consequences … something I sort of suggest as we go through 😉 As we’ve come into 2013 with the unemployment rate elevated and the dollar rising strongly I […]
There was an interesting article by Mai Chen in the Herald on Wednesday. There is a lot of lawyer rhetoric in there. The only reason I really noticed is that I was reading McCloskey’s “the Rhetoric of Economics” and just yesterday went through the chapter on Coase when the rhetoric of lawyers was discussed. This […]