Posts Tagged ‘economics’

Luxon on rents – another National economic idiot

Written By: - Date published: 2:06 pm, March 14th, 2024 - 30 comments

I was incredulous that this lummox Christopher Luxon had ever paid attention during even a basic economics course. Landlords aren’t going to pass any cost reductions on to tenants in rent values. They charge new tenants the rental rates that the market can bear. In the absence of significiant new housing or a reduction in population, that is directly related to what tenants can afford to pay

On the whiner’s excuse “but we are so small”

Written By: - Date published: 9:07 am, September 6th, 2016 - 20 comments

Damon over at civicanalysis wrote an interesting post over the weekend “How New Zealand can help save the world” (and then pointed my attention to it 🙂 ). It looks at what we can do to structurally alleviate climate change. But also looked at some of the economic benefits

The Chrematistic Camel

Written By: - Date published: 7:26 pm, July 4th, 2016 - 110 comments

So this post is about a suite of frameworks not to adopt if the goal is to avoid 2 degrees of global warming.

Polity: Minimum wage rises do not cause unemployment

Written By: - Date published: 10:00 am, July 16th, 2014 - 48 comments

In the cartoon world of Economics 101, there is perfect supply, perfect competition, perfect demand, perfect information and prices for labour (and everything else) are set at their true market values. The real world is somewhat different.

Into Black-Scholes: where all the money went

Written By: - Date published: 11:14 am, May 2nd, 2012 - 15 comments

A very interesting article on the BBC – the financial formula that ruined the world. Well, that’s a bit sensationalist, but it’s a formula that allowed intuition to be taken out of “options” trading and computers to move in.  And with the “understanding” of the maths of futures there was a move into more and […]

Lazy academic calls Pacific Island workers lazy

Written By: - Date published: 3:00 pm, May 21st, 2008 - 74 comments

Economist Greg Clydesdale has released a report in which he says Pacific Islanders are a drain on the New Zealand economy (exhibiting “significant and enduring under-achievement” and “that can contribute little to economic growth” in his words). I accept Clydesdale’s cry that he is not a racist. No, he is just a fool who is […]