My economic philosophy

  1. Free markets are the best way to allocate scarce resources.
  2. Markets need to be free of market failures – not just free from stifling regulation – to work best.
  3. Allocating scarce resources is not the only function of a society.

I think this leaves me fairly centrist and offers loads of wriggle room on individual topics. There is lots of opportunity for you to point out areas in which I show cognitive dissonance.

I aim to be open minded. This is me writing in 2009:

“…cohesiveness is unconvincing, and certainty is a sign of weakness.”

I  think certainty is a kind of extremism. (secret: I sometimes overstate things merely to increase engagement. I’ve learned something from Andrew Bolt.)

Neither do I claim to know or understand everything in the field of economics. My formal education in the topic ended without an honours year (I was offered a job at Treasury and didn’t give continuing education a second thought). I’m open to hearing about any and all data and theory that might set me on the right track.

Published by


Thomas the Think Engine is the blog of a trained economist. It comes to you from Melbourne Australia.

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s