Economists will often look at outcomes and associate values to things based on the outcome. Often other disciplines (namely Sociology and Anthropology) criticise our focus on outcomes, stating that we do not pay enough attention on the means of deriving those outcomes. A post over at Stackelberg follower (love that blog name) discusses the utility […]
The October official cash rate review will be on the 25th October. The main points that will be driving RBNZ policy are: Strong economic growth (including revisions) in the June year. The surprising strength in the export industry, even before the TOT shock has fully eventuated A weak CPI reading, however many of the shocks […]
The government has decided to ban the construction of new fossil fuel plants for the next 10 years, as they believe that they are unnecessary. However, I feel that this policy is unnecessary. I do believe that if we left power generation to the free market, too much CO2 would be produced, and our liability […]
So according to a recent study, Chimpanzees play the ultimatum game more ‘rationally’ than humans (hat tip Marginal Revolution). For those who don’t know, the ultimatum game goes like this. There are two players, and a sum of money that can be split between them (say $1). The first player gives decides on how this […]
Now remember, I hate nationalism. However, when I wrote this I found I was being strangely defensive of New Zealand. This made me realise that nationalism is just something that happens to people, often people aren’t explicitly trying to be nationalistic, society is just influencing the persons preferences in such a way that they become […]
An ‘enlightening’ survey by the Business Council for Sustainable Development finds that 75% of New Zealanders would like a tax cut. The people that said they didn’t want a tax cut were probably thinking about the issue that was raised in the next question in the survey, which asked if people would want tax cuts […]