Recent posts by two of the most prominent New Zealand left wing blogs (the Standard and New Z Blog) lament the fact that the wage people are paid does not necessarily relate to the effort they put into their work. As a policy solution to this inequitable result of the free market both blogs suggest […]
Terence at LAANTA has replied to my reply on his post on the problems with utilitarianism. In this reply he states two issues that he sees with my view of utilitarianism, namely: The assumption that utilitarianism doesn’t involve assumptions between what is right and wrong is plainly false, Justice and efficiency concerns are incomparable because […]
Sticking with almost dog headed determination to the inflation side of the story, I am going to discuss part of the retail trade series for March. All my data comes from free tables from Stats, so you guys can all look at it and yell at me if I make any mistakes 🙂 . Furthermore, […]
Time constraints are preventing me from saying anything. However, I will link to an interesting piece by economists Chris Worthington (here, here, or here). This piece was a rebuttal to this one, which was based off this research. Another rebuttal was found here. For me, the money quote from Chris’s article was: People tend to […]
Dr Cullen has told businesses to increase productivity. Although this sounds utterly ridiculous, given that businesses will make all profitable investment they can in order to make their output at a lower cost (unless you believe there is a conspiracy to keep wages low 🙂 ) there could possibly be some method to his madness. […]
Well, much in the same vein as the employment numbers: Source: NBNZ website. A 1.2% quarterly fall in retail volumes! A negative GDP quarter in March now seems inevitable. This one hurts!