French economist Thomas Piketty has been picking up a lot of attention in the rest of the English speaking world – well mainly the US – thanks to the publication of an English translation of his recent book Capital in the 21st Century. Never heard of him?
Articles from Club Troppo
Below is a before and after, ‘pie chart’ of the Artist Resale Royalty schemes distributions to Dec 2013 . The first picture is of the whole pie:
I remember a long long time ago – in fact it was nearly fifty years ago I went with my family on a three week trip to Alice Springs and the Northern Territory. Dad didn’t spend much time with us as he was working while Mum, David and I tried to enjoy ourselves. Mum located a riding school and we went riding quite a few days.
Australia’s Artists Resale Royalty (ARR ) scheme has so far cost taxpayers $2.2 million in direct support. And over many years the publicly funded lobbyists for this scheme, headed up by the National Association for the Visual Arts Ltd, have additionally spent a lot of public money on lobbying for their scheme. ARR is a very political project.
Jan Libich recently interviewed Bruce Chapman, who was one of the main architects of the HECS scheme via which university places are financed in Australia, a system that is being copied all around the world now, making Bruce Australia’s most influential international economist by a mile. Bruce talks about this scheme and about the problem of how to manage risk more generally for governments. Follow the link and enjoy!
An experiment in occasional linkage to insights that might outlast the daily news cycle. If you find any of it interesting, let us know in the comments.