Tag Archives: macroconomics

Manufacturing dissent

Unit­ed States man­u­fac­tur­ers, like their Aus­tralian coun­ter­parts, are indulging some hyper­bol­ic alarm about their future, but for dif­fer­ent rea­sons. U.S. eco­nom­ic growth seems too anaemic to sup­port demand in the sec­tor; Australia’s eco­nom­ic growth seem to be bypass­ing it. Still, this self-inter­est­ed plea in the NYT from a direc­tor of GE for pub­lic sub­si­dies (“inno­va­tion […]

Economic benefits of longevity

The Wall St Jour­nal car­ries an arti­cle by Sonia Arri­son on the poten­tial for, and ben­e­fits of, greater longevi­ty. Her con­clu­sions are sim­i­lar to those I pro­posed in a recent arti­cle in Pol­i­cy on The New Future of Old Age: The world’s advanced soci­eties are final­ly in a posi­tion to launch a true offen­sive against […]

The foreign buck stops here

Why does the Aus­tralian gov­ern­ment cre­ate invest­ment hur­dles at the “bor­der” for for­eign­ers who want to put their mon­ey into the growth of our econ­o­my? It’s mad­ness, when you look at where the mon­ey goes: The work we have done inter­nal­ly says that, over the past decade, for every dol­lar of extra rev­enue we have […]

GE models and Grand Theft Auto

Mak­ing good eco­nom­ic pol­i­cy is nev­er a sim­ple mat­ter and is nev­er mere­ly a func­tion of eco­nom­ic under­stand­ing. But the art has been bad­ly served, recent­ly, by it tech­ni­cians. John Kay blames the self-lim­it­ing obses­sions of tech­ni­cal macro-eco­nom­ics and finan­cial analy­sis. For many peo­ple, deduc­tive rea­son­ing is the mark of sci­ence: induction—in which the argu­ment […]

Professional services reform in Italy

The Berlus­coni gov­ern­ment has announced a pack­age of emer­gency mea­sures to lib­er­al­ize the Ital­ian econ­o­my that includes a “con­sti­tu­tion­al” change to speed up the lib­er­al­i­sa­tion of pro­fes­sion­al ser­vices. The mea­sures includ­ed a plan to amend the con­sti­tu­tion to make a bal­anced bud­get manda­to­ry, a sec­ond con­sti­tu­tion­al change that would force “closed pro­fes­sions” to lib­er­alise ser­vices, […]