Toward a trick-or-treat philosophy
Tomorrow evening, as I've done on this date for the last two years, I'll put this sign on the front door: Trick-or-treaters: If you've come...
Robbins, economic science and political economy
I've never been much of a fan of Lionel Robbins 1932 Essay on the Nature and Significance of Economic Science. It smacks of what I'd...
From the annals of regulatory idiocy . . .
One of the problems of mechanisms of 'regulation review' - for instance the requirement for new regulations to be accompanied by regulation impact analysis, is...
Which production factor gets destroyed in major recessions, part II?
In a post a few weeks back, I raised the question of what additional production factor one would have to include into the current production...
It’s not easy being green
It's becoming increasingly clear that the only likely outcome of the current manoeuvrings over the Rudd government's Emissions Trading Scheme is that it will either...
Bring back the Pacific Solution?
The decision to grant protection visas to all 42 Afghan asylum seekers from the SIEV36, the boat that exploded off Ashmore Reef on 16 April...
Future moves on interest rates
A recent version of the Taylor rule specifies that the Federal interest rate target should have a threefold aim: (a) to curb inflation (b) to...