This week I've been launching my new book 'The Economics of Just About Everything' with a series of public lectures around Australia. Here's the text from the Canberra launch, which was generously hosted by my old colleagues at the Australian National University:
WHAT DO DATING, DIETING AND SPORTS STATISTICS HAVE IN COMMON?
LAUNCH OF 'THE ECONOMICS OF JUST ABOUT EVERYTHING'
ANU, CANBERRA, 29 JULY
Can I of course acknowledge that we are meeting tonight on the land of the Ngunnawal people, and recognise their elders past and present. There are so many good friends present in the room tonight, but I wanted to particularly acknowledge Bob Gregory and Rabee Tourkey for putting this together, and Beth Lawton and her team for making tonight happen. It was an event whose boundaries continued to expand and I'm very grateful to all of them for allowing that.
This book, 'The Economics of Just About Everything' comes from being at ANU and having extraordinary colleagues. I see many of them here around me in the room today, and in some sense this is your book as much as mine because I had such interesting and productive collaborations with many of you.
As Bob said, the book is 'The Economics of Just About Everything', and when I mentioned this to my seven-year-old son, Sebastian, he said: 'Has it got dragons in it?' Sadly, I had to say: 'No, it doesn't have any economics of dragons.' And likewise, it doesn't have anything on the economics of Liberal Party leadership, or indeed on Labor Party leadership. But there are other contributions that you'll have the chance to read about.
I recently sat down with Jonathan Pryke from the Development Policy Centre to talk about inequality and how developing countries can manage this important challenge as their economies grow. Here's a quick summary, but you can also listen to the full discussion here:
Inequality: should developing countries be worried? An interview with Andrew Leigh MP
by Jonathan Pryke and Andrew Leigh
I began by asking Andrew why he sees inequality as such an important issue:
I think inequality is a public good… I’ve always liked the John Rawls Veil of Ignorance way of thinking about this, where he asks you to imagine what sort of an income distribution you’d want if you were in utero and about to be born into a society where you didn’t know if you’d be born into the top 5th or the bottom 5th. Would you want the kind of Australia where the top 5th has 62% of the wealth and the bottom 5th has less than 1% of the wealth? If you knew that there was an equal probability of you ending up in either of those two quintiles, would you maybe want a more egalitarian distribution of income?
As honourable members know, Canberra is of course the best city in Australia.
It is the part of Australia which is the most egalitarian and the most generous. Canberrans are the most generous with their time and money. We are the sportiest. We have the highest rates of sporting participation. We are also the most equal part of Australia. So it is no great surprise to me—but it is, perhaps, to some other members of the House—that we have the best pharmacy in Australia.Read more