Listener: 25 September, 2005. This economics column was designed to be set out in three parallel columns. That is not possible in this format. Instead final two columns are interleaved, to give a sense of the intended juxtaposition. The italics is used to indicate the different scenarios.
Keywords: Globalisation & Trade; Macroeconomics & Money;
It seems possible that the New Zealand economy could eventually have a three percent boost as a result of the Doha Round’s elimination of dumping agricultural products into key New Zealand export markets. About a third will come from higher export prices, and two-thirds from the additional production – on and off the farm.
These are being offered to various conferences and seminars. In due course the completed papers will be put up on this website.
Keywords: Globalisation & Trade; Political Economy & History;
The Koran prohibits interest, so how do Muslims borrow and lend
Listener: 11 September 2004.
Keywords: Macroeconomics & Money;
Launching his Christianity Without God, Lloyd Geering asked me when I would write a book about the economy without money. I said that anthropologist Raymond Firth had already done so (The Economics of the New Zealand Maori), but I would one day write a column about an economy without interest. Lloyd’s eyes twinkled. “Islam?” The Koran states, “Have fear of Allah and give up what remains of what is due to you of usury.”
Notes for an informal economic discussion
Keywords: Macroeconomics & Money;
While pursuing my primary research interest of globalisation, a recently read paper reminded me of the ‘fundamental’ dilemma of monetary policy of an open economy, also called the ‘trilemma’ or the ‘irreconcilable trinity’.[1]
