Category Archives: Innovation

Social Value Capture: an idea whose time has come

Following innovations in the UK and New Zealand, some of Australia’s more forward looking State governments are looking at two related innovations. The first is ‘social investment’ with social impact bonds leading the vanguard. Social impact bonds As Wikipedia tells us, … Continue reading

Posted in Economics and public policy, Innovation, Social Policy | 6 Comments

That’s one small step for government as impresario

Last night I attended the launch of Creative State which was the culmination of over a year of engagement between the Victorian Government and the arts community. It involved a taskforce or some such and an Expert Reference Group – on which I sat. Anyway the Minister … Continue reading

Posted in Art and Architecture, Economics and public policy, Innovation, Theatre | Leave a comment

Forecasting: the (Open) Road Ahead

Below the introduction to a piece in The Mandarin today. We shoot the breeze about who’ll win the next election or footy match. Virtually none of it helps predict the future. But we’re driven on … as if somehow it will. We do it with the … Continue reading

Posted in Economics and public policy, Innovation, Web and Government 2.0 | 4 Comments

Evidence-based policy making – Part One: The problems

As I’ve suggested before, a key to the development of the modern world was the evolution of new public goods (the other key was the development of new private goods. Capiche? The world is an ecology of both at every level of society … Continue reading

Posted in Economics and public policy, Innovation, Philosophy, Political theory | 3 Comments

Reserve Bank’s Homer Simpson timing of its board meetings comes under fire: SHOCK!

Your correspondent was once very rude about one of Australia’s better institutions though now rather complacent – the Reserve Bank – pointing out in 2012 that making it’s most important decisions (to set the overnight cash rate) each and every day … Continue reading

Posted in Economics and public policy, Innovation | Leave a comment

No-pain-no-gain: High-road-low-road

This post began as a comment on Paul’s last comment on my “Mainstream Radical Centrists: Where are they?” column. Paul boiled down his response to this: If you want to have a serious debate about reforms, go to countries that are … Continue reading

Posted in Cultural Critique, Economics and public policy, Education, Inequality, Innovation, Philosophy, Political theory | 5 Comments

Now is the time for complacency: Where are the mainstream radical centrists?

Australia’s ‘economic miracle’ off the back of what might be called the ‘reform period’ which can be dated fairly neatly from late 1983 and the floating of the dollar to mid 2001 (which, IIRC was the date the ANTS tax reform package … Continue reading

Posted in Cultural Critique, Economics and public policy, Innovation | 20 Comments