We licence other service professions, why not applied economists? What I’m thinking is that economists could get a licence through a university where they have to sit an exam on certain, essential, points of economics. They would have to resit it every 5 years. Don’t make the licence compulsory persee, just make it something that […]
At least that is my first impression from the statements. Although last statement was the effectively the same: “We consider it appropriate to continue to provide substantial monetary policy stimulus to the economy. The OCR could still move modestly lower over the coming quarters. We continue to expect to keep the OCR at or below […]
Kiwiblog’s link to a new economics blog called Progressive Turmoil got me thinking. I now count 12 14 economics blogs in New Zealand that are still going (list at bottom – note all the blogs I have linked to have a lot of economics opinions in them, even if this isn’t their primary description. To […]
Is someone trying to be ironic when they say that a new chain store that sells close to expired stock cheaply is a bad idea because it will “cause obesity”. Adolf at No Minister is right here when he says that these guys are doing the right thing, and that the critique on the grounds […]
BERL’s (cheif) economist Ganesh Nana has been telling people that the Reserve Bank needs to act to get the exchange rate down. I disagree in the most part and agree in another arbitrary part. The fact is that the “high” NZ dollar is the result of a bunch of factors: peoples willingness to lend to […]
It seems that the debate about the fundamental “theory of the firm” is going on. Now there are issues with the theory of the firm, things that economists have been busy plugging away on for a long time now – but the critique that Steve Keen has put forward is not one of these issues. […]