Articles from Club Troppo
It’s the time of the mid-year Economic Fiscal Outlook (MYEFO) and we’re told that we’re about 11 billion deeper in the red this financial year than we thought, with the treasurer blaming the dropping iron price and the reduced wage growth.
Standard economics’ traditional penchant for focusing on problems that are chosen for their formal tractability rather than their resemblance to real world problems squeezed non-monetary incentives and ‘irrational’ motives from economists’ purview.
Middle-East watchers have been surprised by the events in Syria and Egypt the last 2 years. The betting markets in 2011 and 2012 expected the collapse of the Syrian regime, but it didn’t happen. The West and most Al-Jazeera commentators thought the coup that deposed the Morsi-government was unsustainable and that some accommodation with the Brotherhood would have to be found.
Many years ago now, Steve Sedgwick the Australian Public Service Commission explained to me that it wouldn’t be right to publish the hoard of information the APSC has on APS employees’ attitudes to their workplaces agency by agency because that would undermine the relationship of discretion and cooperation the APSC has with agencies.
Does increasing the legal drinking age reduce traffic accidents caused by young drivers? The idea is that if you increase the legal age at which people can drink, young people are going to quietly abide by the law, not do anything stupid, read the bible, contemplate their sinful natures, and stay out of trouble.
Some people engage in socially disruptive behaviour on their own, such as when they free-ride on paying taxes. Others cooperate with others though when they are socially disruptive: cronyism, corruption, nepotism, gangsterism, and favouritism are all examples of cooperative behaviour that benefits a clique but comes at the expense of larger organisations and societies. How does such socially detrimental cooperation arise and is it done by the same people who would be disruptive on their own?