Brian Easton

A COMPARISON BETWEEN NEW ZEALAND AND OTHER OECD COUNTRIES. Review NZ Science Review, Vol 50 (1) 1993, p.24-27.

Keywords: Growth & Innovation;

Every economy faces a problem as to how much it should spend on each commodity. In the typical market the decision is made by a multitude of individual purchases. No one person decides on how much bread should be made, but in a rough and ready way, the outcome seems broadly efficient and fair (if the income distribution is fair).