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When mathematician Stanislaw Ulam challenged Paul Samuelson to point to anything in economics that was both universally true and non-obvious, Samuelson pointed to David Ricardo’s principle of comparative advantage: Even the least productive countries still benefit from trade. Richard Thaler’s Nobel Prize is richly deserved for several substantive contributions in behavioural economics. Read more

In its 2017 Annual Report, the Board of Directors of the Reserve Bank refers to itself as “a unique governance body in the public sector”. But unique is not necessarily synonymous with good. Read more

Going to sleep at night, in bed with a hot water bottle and a teddy bear, it is comforting to know that somewhere some academic is toiling away, advancing the frontiers of knowledge. Associate Professor Ranjit Voola of the University of Sydney Business School has done this. Read more

New Zealand is on track to have its fourth consecutive rise in the road toll this year. In raw numbers, 206 car occupants have died so far this year, already exceeding the entire year’s totals for each of 2013 and 2014. Read more

Every now and then, you come across an idea that makes you wonder why you had never thought of it before. I experienced such a moment on Tuesday when I met American author, speaker and entrepreneur Lisa Witter. Read more