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The importance of pricing

Maybe things would be different if somebody had 'invented' prices. We tend not to understand and appreciate institutions, like prices, that emerge spontaneously through human interaction rather than are the product of human design. Because we do not appreciate how they work, it is too easy to miss how they can improve things in areas where they haven’t traditionally been used. Read more

Dr Eric Crampton
Newsroom
16 July, 2019
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Fair Pay Working Group fit to be forgotten

Former Prime Minister Jim Bolger burst back into public life in mid-2018 to lead the government’s Fair Pay Agreement Working Group. The working group’s report was made public on 31 January. Since then, the government has said almost nothing about the report’s recommendations. It is almost as if both Bolger and the report have been shelved.If so, that would be a good thing. The report recommends reintroducing compulsory collective bargaining across entire industries and occupations. Read more

Roger Partridge
Insights Newsletter
12 July, 2019

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