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
Sir Ian Taylor on literacy, AI and what schools should teach
The New Zealand Initiative
38 minutes 47 seconds
1 week ago
Sir Ian Taylor on literacy, AI and what schools should teach
In this episode, Michael talks to Sir Ian Taylor, founder of Animation Research, about what schools should prioritise in a rapidly changing world. The conversation explores whether traditional literacy still matters when machines can read, and whether curiosity-driven learning or knowledge-rich curricula better equip students for critical thinking in an unpredictable future.
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
