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Inequality is the buzzword this election year. The usual vernacular is that the rich are getting richer and the poor are getting poorer. Read more

The first management book I ever read, back in the late 1980s, was the sequel to In Search of Excellence, the book that established Tom Peters as the world’s leading management guru. A friend had given it to me. Read more

The Prime Minister visited Europe this week. After meetings with European Union leaders, John Key announced that – finally – a free trade deal between New Zealand and the EU was on the table. Read more

The good news about New Zealand's economy just keeps on coming. Business confidence is at a record high, employment is increasing, as are wages. Read more

Fiscal surpluses are in sight, export prices are extraordinarily high relative to import prices, national income growth prospects look brighter than for many years, and this is a general election year. This sets the stage for unsustainable increases in government spending - or for tax cuts or some combination of the two. Read more

Two years ago, when the New Zealand Business Roundtable merged with the New Zealand Institute to form The New Zealand Initiative, there were a fair share of people who wondered how these organisations would merge. Both were research organisations that had been headed by well-respected economists, the late Roger Kerr and David Skilling, who were perceived to come from opposite sides of the ideological spectrum. Read more

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

The New Zealand economy is undoubtedly in good shape but not all the factors behind the boom can or should be sustained indefinitely. This raises two questions: How much is temporary? Read more

It is often said that tax is the price we pay for a civilised society. Indeed, taxes are necessary to fund key public services, including defence, law and order, the courts, border controls, civil defence, foreign affairs, public administration generally, and a contestably lengthy list of other potentially worthy activities of a collective nature. Read more

On Tuesday, I spoke at a conference organised by our sponsor, PortfolioConstruction Forum. The audience were mainly Australian and New Zealand investment advisors and wealth managers and my topic was the state of their respective economies. Read more