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Many of us will remember those gloomy days in late 2008 when the Global Financial Crisis peaked. Stock markets around the world crashed, Lehman Brothers collapsed, and the world’s financial system was on its knees. Read more

“If all the economists were laid end to end, they’d never reach a conclusion,” said Irish dramatist George Bernard Shaw. Or at least that is who the quote is attributed to. Read more

Two contradictory views about tax are common in New Zealand. One is outrage about tax avoidance; the other is denial that tax rates matter. Read more

New Zealand has blazed a trail in many areas – not least in opening up its economy to the rest of the world. In the 1980s reforming Labour governments axed the thicket of protectionist tariffs and subsidies that penalised consumers and cossetted – but ultimately held back – Kiwi farmers. Read more

Last year, the Treasury received the Deloitte IPANZ Public Sector Excellence Award for its revised blinded graduate recruitment programme. Under the programme, Treasury’s recruiters did not know whether their potential hires held a degree in critical theory or in economics. Read more

People have always said, we are creatures of habit. Every day we wake up at the same time, have the same breakfast, go to the same workplace, eat out at the same restaurants and order the same meals. Read more

Auckland’s regional fuel tax has been in place for a week. It was in the Labour party’s election manifesto. Read more

We are lucky that, last year, economist Aaron Schiff provided us with an excellent collective noun for a grouping of economists. Owls, in concert, form a parliament. Read more

"One of the uses of history is to free us of a falsely imagined past”, the late American legal scholar Robert Bork once wrote. One might add that another use is the prevention of repeat mistakes. Read more