Miliband -- Two brothers but only one 'L'

With Gordon Brown gone, the Labour leadership contest was on. The first candidate to announce was former foreign secretary David Miliband . Then a few days later his brother, former energy secretary Ed, announced that he would also stand . It's a contest that's been brewing fo...

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Omega Journalism

This is a epoch making day. Journalism is now reaching its perfect equilibrium form which it cannot be shifted. Several portents have pointed towards this. The high priests of Journalism, the parliamentary press gallery, have long understood that race calling is not only cheap...

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Open government behind closed doors

Rob Bray sent us this guest post. He added this to the email he sent to Jacques making contact with Troppo "I am a recently retired public servant from FaHCSIA who is now working part-time as Research Fellow at SPEAR in the RSE (old RSSS bit) at the ANU, who for years has been...

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Posted in Economics and public policy

A few random observations about homo reciprocans

Warren Buffett when asked to sum up the basic point of life went for this formulation. The purpose of life is to be loved by as many people as possible among those you want to have love you. Remarkably similar to Adam Smith's formulation actually - that what we crave most is d...

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Posted in Life, Economics and public policy

The usual tear gas on fiscal policy

Budget Week should in principle be a great opportunity for an educated national discussion about issues of public finance and macroeconomic management. But unfortunately the budget debate is always shrouded in such a thick fog of political rhetoric and misinformation that it t...

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Posted in Politics - national, Economics and public policy

What's yellow and blue and makes Lib Dem voters see red?

It's three in the morning here in Canberra. The BBC is reporting that the Labour-Lib Dem negotiations have collapsed while George Pascoe-Watson , former political editor for the Sun, is tweeting about a Lib-Conservative coalition with cabinet posts for the Lib Dems . The IEA's...

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Waste and Decentralisation

From Stumbling and Mumbling In one respect, the Left should be a little worried by the Conservatives’ failure. To see what I mean, consider John Kay’s claim that there’s an intellectual vacuum” on the Left: The search for a practical political philosophy for the left in Europe...

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Posted in Economics and public policy

Addressing the conceptual crisis in Israeli politics

Joseph Agassi Liberal Nationalism for Israel: Towards an Israeli National Identity . Gefen, Jerusalem, 1999. This book is a passionate call for a public debate in Israel and elsewhere to resolve some fundamental and crippling disabilities in Israeli politics. It first appeared...

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Physics envy strikes again

There are lots of explanations for why economics has become so excessively formalised. Because much of its subject matter is readily quantify able - because it deals with money and the creation and distribution of standardised things it is certainly possible, and beneficial to...

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Posted in Economics and public policy

What happened to the Lib Dems?

"Why is everyone voting Conservative?" tweeted an exasperated Holly Hawthorn , "VOTE LIB DEMS!!" But it was already too late. By the time the votes were counted the Liberal Democrats had lost thirteen seats and picked up only eight. And most of the seats they lost went to the...

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The Mighty Railways of our Christian Queen

Some time ago a coworker of mine found a file on the train and gave it to me. A thick wad of papers detailing a conspiracy against all that was good in the world: The Queen, her constitution and her mighty railways....and the writer's right to place her wheelie bin on the kerb...

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Posted in Uncategorized, Miscellaneous, Society

Activate the Queen!

One of the catchiest phrases doing the rounds on Twitter as the UK election results come in is "Activate the Queen". It all started with a BBC radio interview with Professor Peter Hennessey of the University of London back in March. Here's a quick transcript: Hennessey: "The u...

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UK Election: A very public hanging

It's official, the UK has a hung paliament . With Labour's Teresa Pearce holding Erith and Thamesmead the BBC is reporting that "There is now no chance of the Conservatives winning a Commons majority." Since the result gives nobody any satisfaction , a quick witted commentator...

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Do school test scores matter?

For years policy experts from free market think tanks have been arguing that charter schools and vouchers boost test scores. Last year Julie Novack's report for the Institute of Public Affairs insisted that: "Voucher programs around the world have been shown to improve the aca...

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Rudd Goverment's cautious response to ambitious and visionary Henry Review

The Henry Review is an ambitious document, conceived early in the life of a new government at a time when budget surpluses stretched as far as the eye could see, surpluses which could be used to ease the tensions between winners and losers that are the inevitable consequence o...

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Posted in Economics and public policy

Biting the golden goose that feeds you

“I’ve just felt I was living and breathing a George Orwell novel..." Update: JQ lists the pros (several) and cons (none). The reporting of the resource rent tax plan has been poor, and last night's ABC television coverage was a good example. In his 'Finance' segment of the New...

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Posted in Politics - national, Economics and public policy

Observations on Anzac Day

Anzac day is when Australians and New Zealanders remember their casualties of the first World War and other conflicts. It has become a defining event for the sense of nationhood of the Australians and solemn commemorations are held all over the country. Sharing the same backgr...

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Rudd’s achievements

Rudd has back-flipped on a number of government policies – the ditching of the insulation rebate scheme, junking the promise to build 260 childcare centres, the ETS decision (now postponed) and perhaps some wasteful spending on education. He has also had to toughen the asylum...

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Would we be better off without WA? Secession and currency areas

Shane Wright (reproduced by Peter Martin ) weighs up pros and cons (mainly cons) of WA secession from the perspective of WA. Lets ask a natural counter question: What if the rest of Australia would be better off without WA? Specifically, should Australia still have a single cu...

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"The Economists" by Andy Foulds and a bleg

Andy Foulds is obviously a clever fellow. This image of economists is not new. I don't know when he did it but it's been doing the rounds for ages. Yesterday I had a great lunch with an economist and was amazed to be told that he didn't know of it. So for those who don't know...

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Posted in Economics and public policy, Blegs