The Economist Blog pointed out the following blog article. In this article Michael Munger points out how a marriage is like a firm, in the way that it internalizes all the transaction costs associated with purchasing ‘relationship’ goods (this is an application of the Coase theory of the firm). Although the Economist Blog agrees with […]
So the NZ currency is currently at $0.705US, implying that it has fallen $0.105US in two weeks. What the hell is going on? As far as I can tell, investors in the US are nervous about some perceived economic contagion from the troubles in the sub-prime mortgage market. As a result of this economic uncertainty […]
The following article by Roger Kerr discusses New Zealand economic growth relative to the OECD. He complains that our economy is growing too slowly, and as a result we are actually falling further behind other developed countries. As he is from the Business Round Table, he has to criticise government for this lack of economic […]
I hate nationalism, I agree with the idea of valuing your nation above other nations, it just seems like an arbitrary way of dividing people. However, I just had what I think was a nationalistic experience. I was reading this article about how a Trans-Tasman publisher had its first-half profits driven down by a poor […]
I was reading an interesting article by Roger Kerr. Now there were a lot of good points here which I plan to discuss at some point, however I’m not going to right now. One thing that did catch my eye was a poll he used as evidence that our incomes are too low. According to […]
Another stunning article from someone I work with (I swear I’m not biased 😉 ), this one is about housing equity schemes. Now it seems the government is keen to introduce a housing equity scheme, having put money in the Budget for it. Now, the article covers most of the problems with a shared equity […]