NEWS + VIEWS
Hope for theTurnbull government?
Paul Kelly's fine column in the Oz today says the Turnbull government is showing signs of learning about governing. This leads into a far wider discussion.
' Malcolm Turnbull and Scott Morrison have enjoyed their best week since the election — but not before time.
'The key to the hope they have generated is a capacity to negotiate, compromise and implement. This week’s boost to government morale underlines how far expectations and media pessimism about the Prime Minister had sunk.
'Turnbull desperately needed some wins, and this week he got them. Suddenly, the super-pessimists have been checked. Suddenly, the idea of a doomed outfit seems less certain. Understand what has happened: Turnbull and his Treasurer have seeded the notion they might just be able to govern, not govern brilliantly or perfectly or for optimal policy because these are false tests in the current parliament, but muddle along with incremental gains, hold the show together, exert some political leverage, have some policy wins and display the judgment to discern what is achievable and what is not'.
More here. (17/9)
Who is Henry?
"Henry Thornton (1760-1815) was a banker, M.P., philanthropist, and a leading figure in the influential group of Evangelicals that was known as the Clapham set. His 'Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802)' is an amazing performance. "...it anticipates in some points the analytic developments of a century to come. No other performance of the period will bear comparison with it, though several, among them Ricardo's, met with much greater success at the time as well as later... He was one of those men who see things clearly and who express with unassuming simplicity what they see."
This is the judgment of Joseph Schumpeter, one of the twentieth century's finest economists, in his monumental 'History of Economic Analysis', Allen and Unwin, 1954, p.689.
Henry Thornton is the nom de plume of a prominent economist. Like his predecessor the modern Henry Thornton has been a banker and an advisor to M.P.s although he is not a politician himself. He is no evangelist but is keenly interested in a wide range of economic, social and political issues...
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