ROSS GITTINS: We need a more balanced approach to progress<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Ross Gittins: A lot of the problems the nation struggles with and argues over boil down to the considerable potential for conflict between what economists summarise as “equity” and “efficiency”. We act as though one is right and the other wrong but, in truth, sensible people want a mix of both. So, though we don’t … <\/p>\n
Continue reading “ROSS GITTINS: We need a more balanced approach to progress”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[1202,1264,2792],"class_list":["post-5586","post","type-post","status-publish","format-standard","hentry","category-the-big-picture","tag-efficiency","tag-equity","tag-progress"],"yoast_head":"\nROSS GITTINS: We need a more balanced approach to progress - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSS GITTINS: We need a more balanced approach to progress - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Ross Gittins: A lot of the problems the nation struggles with and argues over boil down to the considerable potential for conflict between what economists summarise as “equity” and “efficiency”. 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That argument is fundamentally wrong........ First, growing inequality\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15082,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/02\/politicians-addicted-to-the-polls\/","url_meta":{"origin":5586,"position":2},"title":"Politicians addicted to the polls","author":"ColinTwiggs","date":"April 2, 2017","format":false,"excerpt":"From Ross Gittins: I realised the Australian government was fast approaching peak fake when I read Laura Tingle of the Financial Review's revelation that Malcolm Turnbull's Snowy 2.0 announcement was timed to favourably influence the imminent fortnightly Newspoll result. When our leaders progress from being mesmerised by opinion polls to\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15360,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/28\/our-universities-arent-earning-the-money-we-give-them\/","url_meta":{"origin":5586,"position":3},"title":"Our universities aren’t earning the money we give them","author":"ColinTwiggs","date":"May 28, 2017","format":false,"excerpt":"From Ross Gittins at The Herald: In an ideal world we'd be investing more in our universities, but our world is far from ideal. And so are our unis. They're inefficient bureaucracies, with bloated administrations and over-paid vice chancellors.... It's true our unis are obsessed by research, but any innovation\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14784,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/02\/10\/now-the-economys-transition-phase-is-ending-wages-can-start-rising\/","url_meta":{"origin":5586,"position":4},"title":"Australian economy’s transition phase is ending","author":"ColinTwiggs","date":"February 10, 2017","format":false,"excerpt":"From Ross Gittins: The economist who's long made a close study of Australia's commodity booms, past and present, and the problems they've caused when they bust, is Dr David Gruen, now deputy secretary, economic, of the Department of Prime Minister and Cabinet. In a speech he gave last week, Gruen\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14814,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/02\/12\/reserve-bank-chief-gently-reproves-turnbulls-failings\/","url_meta":{"origin":5586,"position":5},"title":"Reserve Bank chief gently reproves Turnbull’s failings","author":"ColinTwiggs","date":"February 12, 2017","format":false,"excerpt":"RBA governor Philip Lowe told the Turnbull government to get moving on infrastructure last Thursday. 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