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Be prepared — rises in the price of food and oil are here to stay. 
 
Listener: 26 July, 2008. 
 
Keywords: Globalisation & Trade; 
 
Long-time readers will not be surprised at the higher prices for food and oil. We can expect them to rise (relatively) as the terms of trade switch in favour of food and against manufactures and [...]

Revised version of the paper to 7X7 seminar, Wellington, 22 July, 2008
 
Keywords: History of Ideas, Methodology & Philosophy;
 
What is the purpose of it all? For 200 years economists have assumed that the more material goods the better, and the purpose of the economy was to supply those goods. The notion that more consumption means you [...]

Bill Phillips is Up There with the Greats.
Listener: 12 July,2008
Keywords: History of Ideas, Methodology & Philosophy; Macroeconomics & Money;
Economists from all over the world are meeting in Wellington over the next couple of weeks to celebrate New Zealander Bill Phillips and the paper he published 50 years ago. This paper introduced what is universally known [...]

The text of the display celebrating Bill Phillips, opened in the Reserve Bank of New Zealand Museum on 7 July, 2008. The text is written around various images, but may be of some value without them. I should like to acknowledge the Phillips Family, the New Zealand Portrait Gallery, the Reserve Bank Knowledge Centre, 3D [...]

Presentation to a Union Gathering: July 2, 2008
  
Keywords: Globalisation & Trade; Growth & Innovation; Political Economy & History;
 Central to policy is that there are always new forces which are requiring to adapt policies to new circumstances – what may be called ‘ongoing modernisation’. There are three major sources of these forces.
 
First, there is technological change, [...]