Ideas@TheCentre
Stimulating letter writers
Maybe we should not be too critical of economists writing open letters. At least they have kept a few journalists busy writing newspaper columns about economists writing letters.
Economics
Ideas@TheCentre
A simple idea for our ever more complicated bureaucracy
The Red Tape Trading Scheme would make it possible to reduce administrative burdens without a top-down strategy. Instead, it would give incentives to bureaucrats to spot opportunities to still achieve the same goals of regulations but with less bureaucracy.
Ideas@TheCentre
Lost in numbers
A billion here, a billion there, and soon we’re talking about real money. But how could we make the money figures our politicians are throwing around more comprehensible?
Ideas@TheCentre
An end to all lists
What a miserable place Australia must be if it finds itself behind a bankrupt economy and a country left ungovernable by the financial crisis. However, we may feel a bit better because Australia did not need to be bailed out by the IMF, nor did our capital cities see rallies of angry citizens which recently brought Dublin to a standstill.
Ideas@TheCentre
Rational thieves to go out of business
Stealing a car is perhaps not the most obvious activity that economists would pay attention to. But it turns out that car theft is the perfect example to show how people react to incentives.