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The EU may not work particularly well. The euro crisis is far from over, and there are plenty of sound economic reasons to criticise the project of European integration. Read more
The EU likes to portray itself as a good and modern place to do business, despite the hiccups of the euro crisis and other distractions. Between this self-image and reality nevertheless lies a gap, and nowhere is this more evident than in spread of corruption around the continent. Read more
Some things are worth doing even if they do not directly improve the company’s bottom line. Other things that could improve a firm’s profitability could nevertheless be wrong to do. Read more
Imagine you lived in the middle of a dry desert and people from the coastal lowlands approached you with an ingenious proposal: to join their new flood insurance scheme. Unless you are very altruistic or insane, you would politely decline the offer. Read more
If you wanted to launder money, iPredict would hardly be your best choice. It would be unlikely to even make anyone's Top-20 list – or at least the Top-20 list of anyone sane. Read more
Butch Cassidy, the Sundance Kid and their gun-slinging, bank-robbing outlaws once ruled the lawless western frontier. With only rudimentary government to manage civil society, life in the Wild West was nasty and brutish. Read more
Bankers are overpaid, bonus payments are useless and there is an inflation of fancy job titles in banking. That was the essence of a speech recently delivered at Frankfurt’s Goethe University. Read more
Most of the time, I look at policy in Canada and despair at how much worse things are back home. But the past few months have reminded me that Canada gets a couple of things right that New Zealand simply hasn’t managed to figure out yet. Read more
The late Ronald Reagan mastered the art of condensing complex issues into witty statements: “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. Read more
We do not yet know how the courts will rule on whether Wellington City Council can force its contractors to pay their employees a minimum of $18.55 an hour. But I think we can come to a verdict on the policy's economic merits, and I do not think council would much like it. Read more