The opening episode traces the intellectual and personal journey that gave birth to the idea of "Competitive Urban Land Markets" (CLM). It follows Chris Parker’s path from his early attempt at NZIER to broaden traditional cost–benefit models so they could capture the transformative effects of infrastructure investment, to his move into Auckland Council as Chief Economist, where he began to see high land prices not as signs of prosperity but as symptoms of monopoly and institutional failure.
The conversation explores how Parker’s challenge to the “compact city” orthodoxy led to professional isolation, the coining of the term CLM to communicate publicly without triggering entrenched interests in rising property values, and the emergence of a small, dissident circle of urban economists that quietly germinated a new paradigm. Later, at the invitation of The New Zealand Treasury, Parker joined central government to help redesign the national urban planning system.
The CLM framing marked a decisive turning point, from confusion to conceptual clarity, about the real cause of unaffordability and, crucially, how to chart a new pathway out of it. What began as a local heresy would become a world-leading insight: a framework that leapt ahead of state-of-the-art academic thinking and is now shaping global urban policy. The episode culminates in the seminal Treasury “chew session” with then-Finance Minister Rt Hon Sir Bill English, who, grasping the paradigm shift, declared that “clarity is now emerging from the mists”—the moment New Zealand’s housing debate found a new compass.
Related links:
Read the supporting advice for the famous Treasury "chew session" with Rt Hon Sir Bill English here: https://www.treasury.govt.nz/sites/default/files/2019-01/oia-20180476.pdf
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The opening episode traces the intellectual and personal journey that gave birth to the idea of "Competitive Urban Land Markets" (CLM). It follows Chris Parker’s path from his early attempt at NZIER to broaden traditional cost–benefit models so they could capture the transformative effects of infrastructure investment, to his move into Auckland Council as Chief Economist, where he began to see high land prices not as signs of prosperity but as symptoms of monopoly and institutional failure.
The conversation explores how Parker’s challenge to the “compact city” orthodoxy led to professional isolation, the coining of the term CLM to communicate publicly without triggering entrenched interests in rising property values, and the emergence of a small, dissident circle of urban economists that quietly germinated a new paradigm. Later, at the invitation of The New Zealand Treasury, Parker joined central government to help redesign the national urban planning system.
The CLM framing marked a decisive turning point, from confusion to conceptual clarity, about the real cause of unaffordability and, crucially, how to chart a new pathway out of it. What began as a local heresy would become a world-leading insight: a framework that leapt ahead of state-of-the-art academic thinking and is now shaping global urban policy. The episode culminates in the seminal Treasury “chew session” with then-Finance Minister Rt Hon Sir Bill English, who, grasping the paradigm shift, declared that “clarity is now emerging from the mists”—the moment New Zealand’s housing debate found a new compass.
Related links:
Read the supporting advice for the famous Treasury "chew session" with Rt Hon Sir Bill English here: https://www.treasury.govt.nz/sites/default/files/2019-01/oia-20180476.pdf
In this episode, Oliver Hartwich talks to Nick Clark about his new report reviewing New Zealand’s MMP electoral system after 30 years. They examine quirks that have emerged over recent elections — from delayed results that stall coalition talks to by-elections creating extra seats, overhangs expanding Parliament beyond 120 MPs, and outdated election-day restrictions despite most people voting early.
Nick outlines practical reforms including filling by-election vacancies from party lists, removing overhang seats, lowering the party-vote threshold to 3.5–4%, keeping coat-tailing to minimise wasted votes, shifting to a 50/50 split between electorate and list seats, and increasing Parliament to 170 MPs to improve accountability and strengthen select-committee work. They conclude by reflecting on the need for cross-party consensus and public confidence in any future electoral reform.
Read our report "MMP After 30 Years: Time for Electoral Reform?" here: https://www.nzinitiative.org.nz/mmp-after-30-years-time-for-electoral-reform/
The New Zealand Initiative
The opening episode traces the intellectual and personal journey that gave birth to the idea of "Competitive Urban Land Markets" (CLM). It follows Chris Parker’s path from his early attempt at NZIER to broaden traditional cost–benefit models so they could capture the transformative effects of infrastructure investment, to his move into Auckland Council as Chief Economist, where he began to see high land prices not as signs of prosperity but as symptoms of monopoly and institutional failure.
The conversation explores how Parker’s challenge to the “compact city” orthodoxy led to professional isolation, the coining of the term CLM to communicate publicly without triggering entrenched interests in rising property values, and the emergence of a small, dissident circle of urban economists that quietly germinated a new paradigm. Later, at the invitation of The New Zealand Treasury, Parker joined central government to help redesign the national urban planning system.
The CLM framing marked a decisive turning point, from confusion to conceptual clarity, about the real cause of unaffordability and, crucially, how to chart a new pathway out of it. What began as a local heresy would become a world-leading insight: a framework that leapt ahead of state-of-the-art academic thinking and is now shaping global urban policy. The episode culminates in the seminal Treasury “chew session” with then-Finance Minister Rt Hon Sir Bill English, who, grasping the paradigm shift, declared that “clarity is now emerging from the mists”—the moment New Zealand’s housing debate found a new compass.
Related links:
Read the supporting advice for the famous Treasury "chew session" with Rt Hon Sir Bill English here: https://www.treasury.govt.nz/sites/default/files/2019-01/oia-20180476.pdf
