• The Power of Economists, a talk by Johan Christensen
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  • The fall of Islamic State | The Economist
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The spread of market-oriented reforms has been one of the major political and economic trends of the late twentieth and early twenty-first centuries. Governments have, to varying degrees, adopted policies that have led to deregulation: the liberalization of trade; the privatization of state entities; and low-rate, broad-base taxes. Yet some countries embraced these policies more than others.

Johan Christensen examines one major contributor to this disparity: the entrenchment of U.S.-trained, neoclassical economists in political institutions the world over. While previous studies have highlighted the role of political parties and production regimes, Christensen uses comparative case studies of New Zealand, Ireland, Norway, and Denmark to show how the influence of economists affected the extent to which each nation adopted market-oriented tax policies. He finds that, in countries where economic experts held powerful positions, neoclassical economics broke through with greater force. Drawing on revealing interviews with 80 policy elites, he examines the specific ways in which economists shaped reforms, relying on an activist approach to policymaking and the perceived utility of their science to drive change.

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Petroleum Development and Environmental Conflict in Aotearoa New Zealand: Texas of the South Pacific examines the dilemmas associated with economic growth through the expansion of resource extraction. States seeking to grow their economies through the expansion of resource extraction are forced to cope with the rising influence of transnational corporations on domestic politics and democratic institutions; to mitigate the environmental damage from increased extraction activities; to respond to the mounting evidence which indicates that unconventional oil and gas development practices are harming communities, local environments, and human health; and to manage the international pressures and citizens’ demands that climate change is addressed through a transition from fossil fuel dependence to a clean-energy economy. Terrence M. Loomis analyzes the circumstances under which environmental opposition to state policies to promote oil and gas development—in collaboration with the petroleum industry—, has lead to far-reaching changes in institutional relations between the state and civil society.

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In this ground-breaking, two-volume study of the adjustment of advanced welfare states to international economic pressures, leading scholars detail the wide variety of responses in twelve countries. Volume I presents comparative analyses of differences in countries’ vulnerabilities and capabilities, the effectiveness of their policy responses, and the role of values and discourse in the politics of adjustment. Volume II presents in-depth analyses of the experiences of Australia, Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, New Zealand, Sweden, Switzerland, and the United Kingdom as well as special studies on the participation of women in the labour market, early retirement, the liberalization of public services, and international tax competition.

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State policy-making in New Zealand in recent years has undergone a fundamental transformation from social democratic Keynesianism, to New Right monetarism. Like its predecessor, State and Economy in New Zealand, this book critically examines this important shift by considering the interrelationship between the state, the economy and society in New Zealand, while providing an historical analysis of these changes over prolonged periods of time. An appreciation of the broader historical context is essential for a full understanding of the post-1984 reforms. The book investigates the major changes in New Zealand’s political economy that have taken place during the twentieth century, focusing in particular on the post-war era. The period falls into two distinct epochs. The first, from 1945-1973, was characterized by economic prosperity and by social integration and political stability at least until the late 1960’s. The second, from 1974 to the present, has been characterized by economic stagnation, societal conflict, and political instability. The Political Economy of New Zealand will be of interest to students of New Zealand politics, economics, history, sociology, education and public policy.