Showing posts with label Economic rationalism. Show all posts
Showing posts with label Economic rationalism. Show all posts
Wednesday, September 10, 2025
Barrie Davis: Socialism or Rationalism?
Labels: Dr Barrie Davis, Economic rationalism, Government spending, Socialism, Treaty of WaitangiSaturday, September 7, 2013
Robert Carling: An economic rationalist's guide to the Australian election
Labels: Australian elections, Economic rationalism, Robert Carling
Just as the truth is
the first casualty of war, principled policy is the first casualty of election
campaigns. Even in Australia's era of 'economic rationalism' that ended a long
time ago, the economic dries took a back seat role during election campaigns (the
Hewson-led Liberal campaign of 1993 being the exception). In the 2013 campaign,
however, the dries are not just in the back seat but locked away in the boot,
and it is not at all clear that they will be allowed out after the election
regardless of who wins.
Economic rationalism cannot
be tightly defined, but broadly speaking it is a set of beliefs in free markets
and the price mechanism; a minimum of regulation; openness to trade and
investment; raising government revenue through broad-based and neutral taxation;
subjecting public investment proposals to rigorous cost-benefit analysis; and
wrapping all of this in fiscal discipline.
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