Every fortnight Geoff Simmons talks with Jesse Mulligan on RNZ’s Afternoons programme about a variety of economic issues
This week they cover the Whatever happened to Think Big and Rogernomics?
Once one of the richest nations in the world, the collapse of wool prices, oil price shocks and Britain’s entry into the European Common Market had left the country’s economy reeling.
So how did the government respond to these existential crises? It thought big.
Geoff Simmons, economist at the Morgan Foundation assesses some of the economic policies of the past and asks how do they look with the benefit of hindsight?