Stephen Kirchner sceptically assesses attempts to sell a budget which he describes as ‘fiscal Hobbesianism’1 bq. (Treasury Secretary, Ken) Henry tries to spin the Budget as a positive contribution to these goals [labour productivity and labour force participation], but the Budget’s contribution is marginal at best and broader progress on structural reform in the Australian economy has come to a grinding halt. It is a damning indictment of Australia’s policy establishment that the great structural reform agenda of the 1980s and 1990s has now been reduced to measures such as taxpayer-funded baby-sitting. (“institutional-economics”:http://www.institutional-economics.com/) 1 I’m not sure what this means; but it sounds sufficiently dreadful. I think it’s a sort of reverse metonomy: SK means what Hobbes might have called fiscal Leviathanism … if he’d thought of it.
Peter Gallagher is student of piano and photography. He was formerly a senior trade official of the Australian government. For some years after leaving government, he consulted to international organizations, governments and business groups on trade and public policy.
He teaches graduate classes at the University of Adelaide on trade research methods and the role of firms in trade and growth and tweets trade (and other) stuff from @pwgallagher