Eric Crampton is Chief Economist with the New Zealand Initiative.
He applies an economist’s lens to a broad range of policy areas, from devolution and housing policy to student loans and environmental policy. He served on Minister Twyford’s Urban Land Markets Research Group and on Minister Bishop’s Housing Economic Advisory Group.
Most recently, he has been looking at devolution to First Nations in Canada.
He is a regular columnist with Stuff and with Newsroom; his economic and policy commentary appears across most media outlets. He can also be found on Twitter at @ericcrampton.
Phone: +64 4 499 0790
Sometimes, only truly committed localists can see the polished diamond hiding inside the very rough stone. We can remind ourselves that decades of poor incentives facing councils don’t build strong organisations. Read more
Alcohol policy is always contentious – but let’s start with something that should be uncontroversial: If the government wants to reduce alcohol-related harm, it should aim for measures that do more good than harm overall. If a harm-reducing policy stacks up, it does so whether the overall social cost of alcohol is $10 billion, $1 billion, or $100 million. Read more
When Guyon Espiner reported on a police estimate of ‘$7.8b harm from booze’, I was curious whether the figure was the old BERL alcohol cost zombie back again from the dead to torment the living. The BERL number included drinkers’ spending on their own alcohol – not a ‘social cost’ by any reasonable standard. Read more
Wellington (Friday, 14 June 2024) - The New Zealand Initiative warmly welcomes the government’s review of health and safety regulation. “Current rules impose enormous compliance costs often for little safety benefit. Read more
In this podcast, Nick and Eric talk to Sam Broughton and Simon Randall from Local Government New Zealand (LGNZ) about the potential for implementing city and regional deals in New Zealand - formal long-term partnerships between central and local government to better plan and fund local infrastructure and economic development. They explore the benefits such deals could provide, like aligning incentives, enabling tailored local policies, and sharing gains, while also examining the political barriers that need to be overcome. Read more
If a picture contains a thousand words, this column is going to run well over our normal word limit. But the charts do say a lot, so we’ll let the charts do most of the talking. Read more
Dr Eric Crampton talked to Sean Plunket on The Platform about the accuracy of alcohol and meth harm estimates. Watch below. Read more
It would be ludicrous to describe Grant Robertson’s 2019 Wellbeing Budget as austere. Core government spending rose from around $27.50 of every $100 in economic activity to about $29 – a substantial increase. Read more
And so, the state advances. Thirteen steps forward, four steps back, then onward again. Read more
Dr Eric Crampton talks to Sean Plunket on The Platform to break down the 2024 Budget. Watch below. Read more
Dr Eric Crampton was interviewed on 1News on Budget Day about what he would like to see happen in the Budget. “What I would like to see today is a very clear path to get spending down to pre-Covid levels. Read more
American libertarian author and satirist P.J. O’Rourke used to joke that “Giving money and power to government is like giving whiskey and car keys to teenage boys.” The problem really is one of trust. Read more
Pierre Elliot Trudeau, Canadian Prime Minister for most of 1968 through 1984, and father of the current Canadian Prime Minister, had a wonderful quip about being neighbours with the United States. In a 1969 state visit with President Nixon in Washington, Trudeau said, “Living next to you is in some ways like sleeping with an elephant. Read more
Even today’s sharpest critics of economics should give economists credit for two substantial wins for liberalism over the past couple of centuries. In 1849, Thomas Carlyle called economics ‘the Dismal Science.” The name stuck, but most people using the term have forgotten why Carlyle gave us that name. Read more
They say that denial is the first stage of grief and that overcoming it matters if you want anything to get better. There has been an awful lot of denial of the serious fiscal problem that the government must start addressing in May’s budget. Read more