Awaroa : Triumph of Romance over Rationality

Gareth MorganEnvironment

Congratulations to all those who contributed to the Awaroa crowdfunding campaign – you got your wish. I have no intention to question how people spend their money, but I do think that the price paid was too high – both … Read More

Emissions Trading Scheme (ETS) For Dummies

Geoff SimmonsEnvironment

We are just about to start a conversation about the Government’s emissions trading scheme and thought it would be useful to make a beginner’s guide to the ETS just in case you are not familiar with the details.   Emissions … Read More

The beach, the monkey and rationality

Gareth MorganEconomics, Environment

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