This week we have been looking at the issues around the Emissions Trading Scheme (ETS). Today we are talking to former Economics Editor of the New Zealand Herald Brian Fallow about the scheme, whether it should be scrapped, and how … Read More
The beach, the monkey and rationality
One of the tenets of classical economics is that markets are rational (in other words, logical), that in the end if enough people participate, the outcome will be optimal. This assumption is often criticised and is why governments intervene via … Read More