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, […]