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The pre-funding proposal is largely an accounting exercise with no direct economic impact on the retirement income problem. As now spelled out, it is essentially a tax-smoothing scheme. Read more
Businesses up and down the country will have started the new year reflecting on the new millennium, the implications of the change of government, and the forces that are shaping the international environment in which New Zealand firms are increasingly operating. The world economy looks to be set for a good year. Read more
The Minimum Wage Act 1983 (the Act) states that the governor-general may prescribe by order in council minimum rates of wages payable to any class or classes of workers. The class or classes of workers are to be defined by reference to their ages. Read more
The Employment Relations Bill raises two major concerns about government policy, one substantive and the other procedural. The substantive concern is the impact that the Bill will have on other areas of government policy including on price stability, unemployment, investment, the balance of payments, economic growth and the government's accounts. Read more
How can we decide what the goals of public policy ought to be? Should equality or some other form of equity be a social goal? Read more
I can think of two possible approaches to the general question of how to restore the sanctity of property and contract - a systematic exposition from first principles or a more autobiographical account. On this occasion, I will begin with some personal reflections. Read more
It was only with some trepidation that I accepted your invitation to speak about the Treaty of Waitangi and the rights of indigenous people, a most controversial subject in New Zealand. At one level, the debates here replicate those that are occurring elsewhere in the world. Read more
The Paper favours greater regulation of takeovers and insider trading and greater coordination, if not amalgamations, of regulatory institutions and regimes. It asks for comments on these proposals and provides 11 specific questions to guide respondents. Read more
Norman Barry defends the morality of Anglo-American business, a form of which is practised in New Zealand, against critics who argue that market morality has to be imposed from outside. He claims that proposals to impose wider forms of ‘social responsibility’ on firms would be bad for business and, therefore, for society. Read more
Dr Green's proposals for reform to welfare, health, education and retirement income policies in New Zealand (From Welfare State to Civil Society (1996)) are reviewed by a combination of friendly and hostile critics. This collection of reviews contributes to the continuing debate about social policy. Read more