'C' is for competition

To understand competition, you should visit a tropical rainforest. To most visitors, rainforests, with their impressive fauna and flora, may look like places of abundance. Read more

The ABC of Economic Literacy
Insights Newsletter
14 March, 2014

OCR hike prudent even if it hurts

Expect to hear a chorus of grumbling from various parts of New Zealand on Thursday when the Reserve Bank is set to hike the Official Cash Rate (OCR) for the first time in almost four years. The move is not a foregone conclusion, but with the market "90 per cent" confident of a 25-basis point hike (plus all the throat clearing, nudging, and winking that has been coming from No 2 The Terrace over the past few months), a bump-up in the interest rate is pretty much guaranteed. Read more

Jason Krupp
Stuff.co.nz
11 March, 2014

Provocative performance pay!

Teaching stars: transforming the education profession, our third education report, aroused suspicion, emotion and attention when we released it this week. We dared to say those two terrible words: performance pay. Read more

Rose Patterson
Insights Newsletter
7 March, 2014

Tertiary education too economic?

This week, the Ministry of Education – in partnership with the Ministry of Business, Innovation and Employment – released their Tertiary Education Strategy for 2014-19. The overarching aim of the strategy is to create better linkages between education and employment, especially in ensuring the skills and competencies of graduates meet the changing demands of the labour market. Read more

Insights Newsletter
7 March, 2014

'B' is for banking (central)

It is a wonderful convenience to be able to buy almost anything we want, offering nothing in exchange but flimsy paper or an electronic claim on our bank account. We experience this convenience every time we go to the supermarket and pay by cash, ATM or credit card. Read more

The ABC of Economic Literacy
Insights Newsletter
7 March, 2014

Media release: Pay more to fix teaching

Wellington (3 March 2014): New Zealand has made a good start towards lifting the status of teaching, but the pace of change could be sped up if pay scales were linked to performance, not seniority. That is one of the findings of The New Zealand Initiative’s latest report Teaching Stars: Transforming the teaching profession. Read more

3 March, 2014

Degrees no longer a 'golden ticket'

Last week the QS World University Rankings by Subject were released, highlighting the top 200 universities in the world for individual academic subjects. With as much grandeur and status as the Oscars (or the Rugby World Cup), these rankings are considered to be highly influential worldwide in signalling the quality and reputation of universities. Read more

Stuff.co.nz
3 March, 2014

‘A’ for Adam Smith

Few economists are more famous than the Scotsman commonly regarded as the founder of economics, Adam Smith (1723-1790). On one hand this is understandable and much deserved: Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations (1776) is the book that established economics as an academic discipline. Read more

The ABC of Economic Literacy
Insights Newsletter
28 February, 2014

Wellington’s bike-topia needs scrutiny

The Wellington City Council this week started holding community meetings over plans to introduce cycle lanes across large parts of Wellington, with the aim of making cycling safer. The move has been backed by an editorial from Green Party MP Julie Anne Genter, an adviser to Mayor Celia Wade Brown, who claims bike-only lanes could lift the percentage of people cycling from about 2.6 per cent in 2006 to 7 per cent – on par with Portland Oregon. Read more

Jason Krupp
Insights Newsletter
28 February, 2014

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