Alan Bollard elected NZAE Life Member

It is with great pleasure that the Association honours Alan Bollard with the award of Life Membership of the New Zealand Association of Economists.

Alan graduated with Bachelors, Masters and PhD degrees in economics from the University of Auckland in the 1970s. After working in London, he returned to New Zealand to join the New Zealand Institute of Economic Research in 1984. He held the role of NZIER Director from 1987 to 1994, working to restore its financial position while continuing to ensure that the Institute conducted high quality economic research relevant to New Zealand.

Alan then took on three successive high profile public sector positions: Commerce Commission Chairman (1994-1998), Treasury Secretary (1998-2002) and Reserve Bank of New Zealand Governor (2002-2012). Few, if any, New Zealanders have served in such a range of high profile public sector economic leadership roles.

In each of these roles, Alan was a champion for the application of economics in general, and for the activities of the New Zealand Association of Economists in particular. He served as an NZAE Council member for three years from 1995, including serving as NZAE President in 1997. He has also been an active supporter of Association events in many other ways. While at the Treasury and the Reserve Bank, he encouraged economists at those institutions to present papers and to attend the Association’s annual conferences, and ensured provision of financial support to assist the attendance of high quality keynote speakers for the conferences. Particularly noteworthy
was his role in Chairing the International Advisory Board for the the 2008 NZAE/ESAM Conference in honour of AW Phillips; his speech on the life of AW Phillips was a conference highlight for many.

While at the NZIER, Alan was instrumental in having one of Bill Phillips’ MONIAC machines repatriated to New Zealand and restored to working order. He has promoted economics education in a number of ways, including through the Young Enterprise Trust and through the establishment of the Reserve Bank museum, which currently hosts the MONIAC. These education initiatives continue to bear fruit within New Zealand now that Alan has moved offshore to take the position of Executive Director of the APEC Secretariat in Singapore.

Alan’s contributions to New Zealand public policy have been recognised through honorary doctorates from the University of Auckland and from Massey University, and through being named a Companion of the New Zealand Order of Merit in 2013.

The Association honours Alan for his contribution to the Association and to New Zealand economic policy, economic research and the economics profession, and has pleasure in awarding him life membership of the Association.

Frank Scrimgeour elected NZAE Life Member

Frank ScrimgeourIt is with great pleasure the Association honours Frank Scrimgeour with the award of Life Membership of the New Zealand Association of Economists.

From his farming origins in Golden Bay, Frank commenced his academic career at Lincoln University where he gained First Class Honours and was awarded the Sir Malcolm Burns Prize for outstanding student contributions to Lincoln College. This dedication to wider communities was to become a hallmark of Frank’s subsequent career. He went on to complete a PhD at the University of Hawaii. Many may not know he also holds a Bachelor of Divinity from the Melbourne College of Divinity.

His professional career began at the Meat and Wool Boards’ Economic Service, but this was soon followed by over five years in development work with the Christian Leaders’ Training College in Mt Hagen, Papua New Guinea.

Frank has spent more than two decades at the University of Waikato, first as an active member of the Economics Department, then Chair of several departments and finally as current Dean of the Waikato Management School. In addition to a heavy administrative load, he has maintained his highly productive career as an economist publishing widely in international journals and generating an extensive number of research papers, conference proceedings and consulting reports.

In making this award we wish to honour Frank for his service to the profession, the academic community, the wider New Zealand community and the Association, in particular. His contribution to all of these groups has been outstanding.

Notably Frank has

  1. Provided numerous acts of high quality service to the Association. He has frequently refereed journal articles of New Zealand Economic Papers, and he has undertaken many functions on behalf of the Association.
  2. Played a major role in the leadership of the Association serving as a Councillor (1998-2005), Editor (1998-2001), Vice President (2005-2007) and President (2007-2009). In addition he served as President of the New Zealand Agricultural Economics Society (1993-94 and 2004-05) and as a Councillor of the Australian Agricultural and Resource Economics Society (1992 and 2003-05).
  3. Chaired the largest economics gathering ever held in New Zealand – the 2008 NZAE/ESAM Conference in honour of AW Phillips.
  4. Contributed to the broader community through his church, and as a member of the Trust Board of World Vision.

In all these endeavours he has shown genuine human understanding, concern for the
wellbeing of others, always tempered with a quiet sense of humility.

The Association honours Frank for his broad economic citizenship and has pleasure in
awarding him Life Membership of the Association.

Stuart Birks elected NZAE Life Member

Stuart BirksIt is with great pleasure the Association honours Stuart Birks with the award of life membership of the NZ Association of Economists. Stuart arrived at Massey University in 1978, after a stint working in Israeli kibbutzims. He had a BA (Hons) from Essex and an Msc from London. A specialist in mathematical economics and econometrics, having studied under stalwarts like Michio Morishima, Amartya Sen, Frank Hahn, Meghnad Desai and William Gorman, among others, Stuart started increasingly to feel uneasy about the usefulness of the accepted methods and beliefs of economics generally and quantitative economics in particular. He switched to economic policy instead, using the tools of economic theory in a critical manner. Continue reading

John Yeabsley elected NZAE Life Member

It is with great pleasure the Association honours John Yeabsley with the award of life membership of the NZ Association of Economists. The spring board to John’s career was the excellent academic preparation he received at the University of Canterbury. To an initial BSc in Mathematics he added a BA in Philosophy and Logic. This broad yet rigorous foundation was to serve him well throughout his career. Before leaving Canterbury, John realised that in fact economics was a discipline to which he could apply his mathematics and logic skills, and graduated with an MCom with First Class Honours in Economics.

John then completed a PhD at the University of Essex under the supervision of Sir Anthony Aitkinson. He recalls he was the only student to take New Zealander Rex Bergstrom’s econometrics class. He was also there at the same time as another New Zealander, Peter Phillips.

John has had a long and distinguished career as an economist in the New Zealand public service where he has held senior posts in the Department of Labour (including General Manager of the NZ Immigration Service) and the Department of Trade and Industry, as Assistant Secretary. John represented New Zealand as the Economic Counsellor with the Mission to the UN in Geneva. He is currently a Senior Research Fellow at the NZIER and from 1994 to 1997 was Director of the NZIER. Throughout his professional career, John has been, and still is, an active member of the Association.

John has a formidable reputation as a clear thinker and an uncanny ability to identify important insights on a wide range of problems in the public sector. He has served on or lead reviews of immigration policy, crime prevention, labour markets, tariffs and textiles, amongst others. His broad contributions to the public sector have been recognised through appointments to advisory boards in the Ministries of Justice and Social Development and in Statistics New Zealand.

In making this award we wish to honour John for his service to the profession, the wider New Zealand public, and the Association in particular. To all of these groups John has made numerous high quality contributions over a long period. He has been unfailingly generous in offering advice to colleagues and supporting junior economists.

John has:

1. Provided numerous acts of high quality service to the Association. He has refereed journal articles of New Zealand Economic Papers, and he has served on judging panels for a range of prizes.

2. Organised and facilitated conferences of the Association. Recently he was the co-chair for the highly successful 2008 NZAE/ESAM Conference in honour of AW Phillips in Wellington, the largest gathering of economists ever held in New Zealand. Throughout this endeavour his keen insights, knowledge of the profession and his highly personable approach to team work proved invaluable.

3. Served for an extended period on the Council culminating in his term as President of the Association from 1998 to 2001. During that time he undertook the important task of setting the Association’s administrative and financial procedures on a professional footing.

The Association honours John for the broad contributions he has made on many fronts, and has pleasure in awarding him life membership of the Association

Bert Brownlie elected NZAE Life Member

Bert Brownlie was an early supporter and inaugural member of the New Zealand Association of Economists from its foundation in 1959. He served on the editorial board of its journal, New Zealand Economic Papers, from its first issue in 1966 to1980 and was its editor for four years, succeeding Frank Holmes and Ian McDougall in late 1969.

Bert held the view that the journal warranted support from his fellow economists at Canterbury and led by example with two articles, one jointly with a Canterbury colleague, in the first two issues of NZEP. Even before he became editor, Canterbury economists conspicuously contributed at least one-third of the articles in the journal. This ratio rose to nearly one-half during his editorship. And the share of theoretical and applied econometric material published in NZEP also increased markedly from 34% to 75% during his editorial stint. His own published work was largely in applied econometrics on various aspects of the New Zealand economy.

A very significant contribution of Bert Brownlie to the development of the economics profession in New Zealand lay in his efforts to bring a more mathematical-cum-quantitative pedagogic emphasis to the training of economists in line with overseas trends. Soon after he assumed the second chair in economics at Canterbury in 1965 and succeeded Alan Danks as Head of Department, Bert introduced two very important changes in degree regulations at Canterbury to tap the pool of talented students likely to be attracted by the mathematical and statistical applications of economics.

The first change, commonly known at Canterbury as the ” knight’s move “, enabled non-Commerce graduates with a strong mathematical and statistical background to skip introductory and intermediate second-year economics courses and embark on a two-year Masters programme in economics.

The second change was to introduce economics as a “majoring subject” in the Faculty of Science. This opened the possibility for very bright school-leavers to gain ” direct entry ” to the Honours school and complete a B Sc Honours degree in economics in three instead of four years.

The knight’s move programme began in 1967 with an initial intake of three students and was largely responsible for the large Masters economics classes in the period 1968 to the mid-1970s at Canterbury. Many of the students—-from chemistry, engineering, mathematics, physics and statistics and from other New Zealand universities—-were outstanding and went on after graduation to notable careers in academia and the New Zealand public and private sectors.

There is no doubt that the Canterbury Economics Department headed by Bert Brownlie was the largest supplier of economists with quantitative skills in New Zealand in the late 1960s and 1970s.

Bert’s other major contribution as an economist was to serve in a number of national and international committees, including the ECAFE Group of Experts on Programming Techniques (1968-69), NZ Consumer Price Index Revision Committee (1971), Commonwealth Experts Group on a New International Order (1975-77), Wage Hearing Tribunal (1976) and the Commonwealth Experts Group on the World Economic Crises (1980). He was also the Chairman of the New Zealand Monetary and Economic Council (1972-78) as well as the Australia-New Zealand Foundation (1978-83).

Finally, he was appointed Vice-Chancellor of the University of Canterbury in late 1978 to the great delight of many in the institution and his 20-year stewardship as its academic and administrative head was characterised by a lean, efficient and effective administration.

The Association is pleased to award a life membership to Bert for the important part he played in steering NZEP in its early life and his varied and invaluable contributions as mentor, educator, policy advisor and administrator.

Grant Scobie elected NZAE Life Member

It is with great pleasure the Association honours Grant Scobie with the award of life membership of the NZ Association of Economists. Grant, a multi-university attender, graduated in three countries (New Zealand, Australia and the USA) culminating with a PhD from the North Carolina State University. He has been, and still is, an active member of the
Association. His professional life has been varied; with longish spells of academic research and teaching broken up by time as a dedicated researcher and manager. He is currently a Principle Advisor with the Treasury a role that combines his interests in both research and policy.

He has made valuable research contributions over a sustained career, including publications on exchange rates, protection policy, agricultural productivity, and research and development. Recently he has been among the small group of analysts bring reason and empirical findings to bear on that most contentious of New Zealand public debates – retirement policy. In making this award we wish to honour Grant for his service to the profession, the wider New Zealand public, and the Association in particular. To all of these groups Grant has made numerous high quality contributions over a long period.

Grant has:

1. Provided numerous acts of high quality service to the Association. He has refereed journal articles of New Zealand Economic Papers, and he has served on judging panels for a range of prizes including the NZIER Economist of the Year Award.

2. Organised and facilitated conferences of the Association. Notably he was the instigator, co-chair and (informally) lead sponsorship “drummer” for the highly successful 2008 NZAE/ESAM Conference in honour of AW Phillips in Wellington, the largest gathering of economists in New Zealand.

3. Provided service and leadership to the Association by serving as Council Member (2001 to the present), Vice President (2003) and President, (2004 to 2007).

Grant’s infectious enthusiasm and dry wit have provided the platform for him to promote the image and interests of economics widely. Within the profession he is a natural team player whose work is characterised by many instances of joint authorship, and the active encouragement and promotion of more junior colleagues. His own achievements have been marked by the New Zealand Institute of Economic Research Economics Award for 2004. He joins a small but select group who have received this prestigious award. This width of professional engagement means he is a natural model and mentor to many New Zealand economists.

The Association honours Grant for his broad economic citizenship and has pleasure in awarding him life membership of the Association.

March 2009

Sir Frank Holmes elected NZAE Life Member (d. 2012)

Sir Frank HolmesThere were economists in New Zealand before Frank, but not many, and he provides a more or less direct link to the origins of the economics profession in New Zealand. There can be few economists in New Zealand now who have not benefited from his work, and that will be true of future economists too.

Frank was one of the founders of the Association, and he was the first editor of New Zealand Economic Papers. Throughout the first 50 years of the Association, while Frank was Macarthy Professor of Economics at Victoria University of Wellington, Economics Manager at Tasman Pulp & Paper Ltd., Professor of Money & Finance at VUW, Chair of the New Zealand Planning Council, a business director, and supposedly retired, he has maintained continuous interest in the Associations activities and been a more than occasional participant in them.

It is the range of Frank’s interests which is most impressive. His first contribution to New Zealand Economic Papers was “The Education of an Economist”[1]. Characteristically, Frank arranged for a response to his paper,[2] and it is no accident that the exchange serves as a starting point for a session at this year’s conference. Frank’s educational interests were wider than the education of economists, especially in his advocacy of the concept of human capital and of returns to investment in education to the Currie Commission in the early 1960s, in his work on educational priorities in the Education Development Council of the 1970s, and his long association with the NZ Council for Educational Research. However, of particular interest to the Association is that while during its 50 years the range and depth of economic knowledge has increased enormously, what has been constant is Frank’s advocacy of opportunities for young members to learn and to apply whatever part of it interests them.

The second characteristic of Frank’s engagement with economics and the Association has been his interest in applying economic knowledge. He kept alive as long as possible the earlier ideal of the Economic Society of Australia and New Zealand that it should connect academic economics with business and public life. Similarly, he supported the Australia and New Zealand Association of Science as a vehicle for economists to talk to other disciplines. And within the Association, he sought an outward-looking stance. Specialization is valuable, and economists need to debate among themselves and to hone their tools, but whether dealing with New Zealand’s economic diplomacy, the general stance of policy towards bureaucracy and use of the market, the appropriate framework for monetary policy, or any of the other issues with which Frank has been concerned and with which he has engaged the Association, relating academic ideas to practical issues has been high on his agenda. And we have all benefited from his efforts.


[1] F.W. Holmes, “The Education of an Economist” New Zealand Economic Papers I (1966), pp. 3-17.

[2] Frank Tay “Comment” Ibid pp. 18-23.

Bob Buckle elected NZAE Life Member

Bob BuckleIt is with great pleasure the Association honours Bob Buckle with the award of life membership of the NZ Association of Economists. Starting with a masters degree from Auckland University Bob has worked as an economist all his career. He has been an active member of the Association in various roles. His work as an economist has moved from private researcher through academic life to public policy (with an international dimension) and now again as an academic leader – currently he is Pro Vice-Chancellor and Dean of Commerce and Administration at Victoria University of Wellington.

He has made valuable research contributions over this sustained career, notably blending micro and macro approaches to the business cycle – an area that has for obvious reasons become fashionable again recently. His publications include modelling business cycles as well as commentary on international structural reform among APEC countries. Bob’s interest in careful, high quality empirical research is widely appreciated.

In making this award we wish to honour Bob for his service to the profession, the New Zealand public service and the Association, in particular. Bob’s contribution to all of these groups has been of the highest quality.

Bob has:

1. Provided numerous acts of high quality service to the Association. He has frequently refereed journal articles of New Zealand Economic Papers, and he has undertaken many functions on behalf of the Association.

2. Organised and facilitated conferences of the Association. In particular he was the convener of the large and successful Sesqui-centential Conference of the Association in Auckland in 1990. And more recently, Bob was a collected and consistently positive Programme Committee co-chair for the 2008 NZAE/ESAM Conference in honour of AW Phillips in Wellington, which produced a glittering array of speakers.

3. Provided service and leadership to the Association by serving as Council Member (1985 to 1993) and President (1989 – 1991).

Bob’s characteristic cool style, allied with quiet effectiveness, have marked all the tasks he has undertaken. He is an ambassador for the New Zealand economics profession and has mentored a generation of students through his teaching and academic leadership. More recently he brought a laid-back but logical approach to international economic relations and again proved highly effective.

His own professional achievements have been marked by the New Zealand Institute of Economic Research Economics Award in 2003. He joins a small but select group who have received this prestigious award.

The Association honours Bob for his broad economic citizenship and has pleasure in awarding him life membership of the Association.

March 2009

Brian Silverstone elected NZAE Life Member

It is with great pleasure the Association honours Brian Silverstone with the award of Life Membership of the NZ Association of Economists. Brian, a graduate of both the University of Otago and the University of Waikato is an active member of the Association who has taught macroeconomics and engaged in research at Waikato for nearly 40 years. He has made valuable research contributions including publications pertaining to Okun’s law, capacity utilisation and employment. In making this award we wish to honour Brian for his service to the profession and the Association in particular. Brian has made numerous high quality contributions over a long period.

Brian has:

1. Provided numerous acts of high quality service to the Association. He has organised Workshops for the Association such as the 1981 NZAE Workshop on Fiscal Performance in Dunedin, He has refereed numerous journal articles for New Zealand Economic Papers, and he has served as Convener and/or member of judging panels for NZAE Young Economists Essay Competition (1983), NZAE Best Presented Student Conference Paper (1992-95), NZAE Maori Scholarship in Economics (1995) and NZIER/Qantas Prize in Economics 1994-95.

2. Organised and facilitated numerous conferences of the Association. He was convener or co-convener of six NZAE Annual conferences held at Waikato University in 1971, 1974, 1978, 1982, 1986 and 1992 (jointly).

3. Provided service and leadership to the Association by serving as Council Member (1980-83 and 1990-95), Vice President (1991-93) and President, (1994 and 1995).

4. Served as Assistant Editor (1979) and subsequently Editor (1980-83, inclusive) of New Zealand Economic Papers.

Brian has been a model and mentor to many NZ economists and has facilitated the involvement of Association members in a set of important projects. Examples include his joint editorship with Alan Bollard and Ralph Lattimore of A Study of Economic Reform: The Case of New Zealand Amsterdam: Elsevier, 1996, 518pp., and organisation on behalf of the New Zealand Association of Economists the Festschrift in 1972 (with Allan Catt) in honour of Professor A.W.H. Phillips. This included presenting the essays to Professor Phillips on the occasion of his sixtieth birthday, 18 November 1974.

The Association honours Brian for his economic citizenship and has pleasure in awarding him life membership of the Association.

Len Bayliss elected NZAE Life Member

Len BaylissLen Bayliss, then an economist at the Reserve Bank, played an important role in the creation of the New Zealand Association of Economists. Supported strongly by Alan Low, then the Bank’s Economic Adviser, Len promoted this objective at the 1957 annual meeting of the Bank and university economists. His amplified proposal was well supported at the 1958 meeting, and Len became the Secretary of a promotion committee, chaired by Professor Horace Belshaw, The committee prepared a draft constitution which was sent to every known economist in New Zealand. This was further debated at an inaugural meeting at Victoria University College on 4th December 1958 which resolved unanimously to establish the Association.

Shortly after this, Len was seconded for a tour of duty with the Bank of England. In 1961, after a brief secondment to the Treasury, he joined the staff of the newly formed independent ‘watchdog’, the Monetary and Economic Council, for 5 years. He then became the Chief Economist of the Bank of New Zealand until 1982. He was selected to be a member of the Targets Advisory Committee of the National Development Conference in the late 1960s. In 1976, he was seconded for 20 months to the newly-formed Prime Minister’s Advisory Group. After leaving the Bank in1982, Len became an independent consultant. He was a director of the Hugo Group and of Integrated Economic Services. From 1983 onwards, he also became a director of a number of public companies, including the BNZ, Tower and BNZ Finance.

Len’s resignation from the BNZ was a much publicised event as he had developed a high profile as a prolific and respected commentator on policy issues. His early magazine articles in the 1950s were often written under a nom-de-plume. However from 1963/64, when he first appeared on television, he was regularly engaged in public commentary and debate.

Monetary policy has always been Len’s major interest. He was the major author of a Monetary Council report on the NZ financial system in 1966 which severely criticised existing policies and recommended orthodox alternatives. In the next decade, he campaigned vigorously against direct controls. His appointment to the Prime Minister’s Advisory Group, led by Bernard Galvin, in 1975, gave him the opportunity to play a major role in effecting a major liberalisation of the financial system.

From 1978, Len vigorously promoted the case for wider economic liberalisation and was a strong critic of the “Think Big” programme. At a time when public criticism was muted, he made a significant contribution to preparing the ground for public acceptance of the need for reform. He has also been particularly active in public debate on issues of superannuation policy, pressing for public acceptance here of the OECD’s approach to providing for retirement.

International recognition of his contributions was reflected in the award of a Senior Anzac Fellowship by Australia in 1985 and by other study awards from the governments of the USA, Japan and West Germany.

John Pryde elected NZAE Life Member (d. 2011)

John Goodlet Pryde, OBE 1925-2011

  • Born 1925
  • Kings High School, Dunedin,Otago University BA
  • Victoria University of Wellington completed MA
  • Reserve Bank 1948-1957
  • Federated Farmers Economist, 1958-1963
  • Chief Executive Federated Farmers 1964-1975
  • Lincoln University 1979-89 including-
    Director Kellogg Rural Leadership Programme
    Director Agribusineess and Economics Research Unit
  • Economic Advisor to Joint Statutory Producer Boards 1991
  • Economic Consultant 1992
  • Nuffield Scholarship 1963
  • President, NZ Association of Economists 1975-1977
  • USA State Department Foreign Travel Grant 1978
  • Life Member NZ Association of Economists 2004
  • Fellow, NZ Institute of Management

For much of half a century, John Pryde played a significant part in establishing the place of economics in New Zealand public life. He began by working from 1948 to 1957 in the Reserve Bank of New Zealand, as one of the economic research staff. His peers were, like John, an extra-ordinary group who later had distinguished life long careers in economics. Allan Catt writes of this time:

“As a group, we young economists were at odds with the conventional wisdom of the day that monetary policy was inherently ineffective as a macro-economic tool. We felt the problem was the Bank’s efforts being inadequate and John was courageous in expressing that view. It was a stimulating environment made the more on occasions by John’s ability to mimic and satirise those with whom we disagreed.”

At a time when official statistics in economics were not strong, John introduced New Zealand’s first retail trade survey. This was just one of several statistical initiatives taken then. Meanwhile John completed his MA in economics at Victoria University while working at the bank.

In 1957, John joined Federated Farmers, and was their Chief Executive from 1964 to 1975. He played a key part in the hearings of the Court of Arbitration, the National Development Conference and its’ later Targets Advisory Group, as well as in international trade negotiations, and in farming policy generally. When Britain did eventually join the European Community, John played an important role in the negotiations over New Zealand’s continued access to British markets. He was the Chief Executive of Federated Farmers over a period when farming fortunes and those of New Zealand were on the wane. That kept him intensely involved in ensuring that farming was well engaged whenever New Zealand’s future was the subject of discussion, and that New Zealand’s elected farming leaders were equipped for this.

In 1975, John and family moved south when he was appointed a senior fellow at Lincoln College, carrying out specialised research studies on farming issues. In 1978, the Lincoln College Council agreed to his proposal to run a leadership programme for future farm leaders. Lincoln had no money to deliver on this, and serendipitously John quite audaciously obtained the funding for the first five years of the programme from the US Kellogg Foundation. 1979 saw the first of the ten annual leadership programmes that he ran. Each programme had 25 students, producing a total of 250 leaders of farming in New Zealand. Graduates included one Prime Minister (Jenny Shipley) , and at least one cabinet minister. John’s dream and vision shaped the Kellogg Leadership programme, but it also required passion, determination and drive to not only put it in place, but sustain it.

When John retired from Lincoln in 1991, he remained active as Advisor to the Joint Statutory Producer Boards, and continued to pursue his quest for a better understanding of free trade among New Zealand’s leaders, and our key trading partners.

John Pryde was an inaugural member of the New Zealand Association of Economists, and served as President from 1975/1977. He strongly advocated for the promotion of women in the economists profession.

In all his roles, John has been strongly involved in matters of concern to New Zealand’s future. He has made a major contribution to the place of economics and economists in public life, carrying this on long after he formally retired. He was highly regarded and well liked, as described by Allan Catt:

‘John was a wonderful colleague, good company with a great sense of humour. He was the epitome of a compassionate, generous, well-informed and rational human being. As I write this I look back with a sense of personal loss that we didn’t see more of one another once we went our different ways.’

Jack McFaull elected NZAE Life Member (d. 2010)

Jack McFaull, 1922 – 2010

Jack McFaull was a founder member of the NZAE and, after serving as a Council member, he became President over 1968/70. This valuable contribution, together with his distinguished career, were the main reasons for his election as an NZAE Life Member in 2004.

Jack’s reputation was based on hard work, integrity, wide experience and excellent judgement. He was an achiever – not a bureaucrat. He left no academic papers. In fact he was extremely modest and did not strive for personal recognition or rewards. He was no ideologue – pragmatism based on a careful analysis of the relevant facts was his forte. He was a good team player. He did not procrastinate or sit on the fence. He rarely raised his voice. He had a well developed and dry sense of humour. A rugby “nut”, a fast driver who hated being passed, and a dedicated vegetable grower, above all he was devoted to his wife Bette, their four daughters and their families.

In 1939, soon after he turned 16, Jack joined Perpetual Trustees in Dunedin and, apart from Army service (1942/46) mainly driving an ambulance in Italy, he stayed with Perpetual Trustees until 1953 – when he was recruited by the Reserve Bank as an economist. Jack gained an accounting degree from Otago University and later an economics degree – both on a part time basis. This latter study led to his desire to work as an economist.

The Reserve Bank’s Research and Statistics office was mainly comprised of young economists – recently married or about to get married, having children, house hunting, spending weekends gardening/painting/concreting, saving for furniture/fridges/washing machines etc.. No one had much money. Friday night from 5-6pm was spent in the pub (the Occidental), with the social highlight being the annual Reserve Bank Ball held at the Majestic Cabaret – with the wives/partners concealing bottles of “grog” under their skirts!

The dominant influences were the early thirties depression and the very recent 1939/45 war. There was a strong commitment to public policy – if this required government action so be it, but no ideology was involved. There was a general belief that existing widespread economic controls were excessive – though some were clearly required in the current circumstances. There was a high level of ability within this group – most of whom, on leaving the Bank by 1960, achieved considerable distinction in their subsequent careers. Lasting friendships resulted and led to a happy reunion in 2007.

Others in the team:

Alan Catt – Emeritus Professor, Auckland University

Warren Hogan – Adjunct Professor University of Technology, Sydney.

Director Westpac and AMP

John Pryde – Chief Executive, Federated Farmers, Life member NZAE

John Revell – Senior Executive, NZ Dairy Board

Ken Clarke – Chief Statistician ECAFE

Bob Familton – Deputy Treasurer IMF

Jack’s seven years in the Reserve Bank were very important to his professional development. He benefited greatly from the high standard of office discussion and debate, from his close association with the public service – particularly Treasury, Statistics and Agriculture, from contacts with national organisations, i.e. producer boards, retailers, manufacturers, etc., and from the Bank’s (limited) involvement in economic policy.

NZ Meat and Wool Board Economic Service 1960/70:

The Economic Service, a small but first class organisation, was made for Jack – with its grassroots structure, its interesting and worthwhile work combined well with his practical economic/accountancy background. After ten years, Jack had acquired an in-depth understanding of the production, marketing, processing and politics of the meat and wool industries – at that time New Zealand’s major industries.

Jack’s experience and growing reputation led to his appointment in 1968 as Chairman of the Economic Committee of the Agricultural production Council in the National Development Council – a major forward move in his career.

The NZ Wool Board 1970/73:

Jack’s membership of the 1965/73 Wool Marketing Study Group was, to his mind, a failure. He advocated that wool auctions be terminated and be replaced by a wool marketing co-operative which would acquire and market the wool clip. This proposition aroused passionate debate (socialism – over my dead body!!) within the wool industry. Jack lost the battle, the auction system continued, and wool farming has steadily deteriorated – and it is now a shadow of its former self. Jack joined the Wool Board to further his work in the Wool Marketing Study Group – they were the board directly involved. It is generally recognised that the Board, with poor leadership, handled the acquisition proposal very badly by doing very little to create an informed farmer understanding and leaving the opposition to make the running.

NZ Dairy Board 1973 /87:

The NZ Dairy Board was arguably New Zealand’s most important and successful business organisation. Jack was a key member of a very successful Dairy Board senior management team. As secretary, he played a major role in negotiating with Government/Treasury regarding major revisions in the Board`s financing. In addition, there were major revisions to the Dairy Board Act. He was also a member of the Board’s management team which, in his own words “pioneered the development of the most innovative and successful New Zealand marketing

organisation”. Murray Gough has commented, “during my time as CEO, Jack was a wise and politically astute “eminence grise” bringing to the Dairy Board’s young management team a hugely valuable level of experience about dairy industry affairs – and national politics. The Dairy Board’s success in surviving that period intact and subsequently being able to move through deregulation at a sensible pace, owes a substantial debt to Jack`s wisdom”.

Prime Minister’s Department 1976-80:

Jack was an original and long serving member of Muldoon’s “Think Tank “. His major responsibilities covered the primary industries, agriculture, fishing, forestry, etc., as well as the Bahrain cool store. He had an excellent rapport with the Prime Minister and the departmental head Bernard Galvin. Jack`s 25 page chapter in “Muldoon Revisited” (Clark M, Ed., 2004, Dunmore Press) is pure McFaull – no equivocation, factual, absorbing and a great read.

Jack had a major involvement after his retirement with the National Party – particularly on organisational issues. In his own words “I was not a committed party member, I was really doing my own research and few knew or cared what I was doing”. He was totally pragmatic – the acquisition scheme was a replacement of the market system with a co-operative organisation. He was a strong supporter of co-operative organisation in the dairy industry.

Julia Crouch elected NZAE Life Member

Julia CrouchAsymetric Information (AI) recently visited Julia Crouch, who was awarded life membership of the Association at the last AGM. She is living in semi-rural comfort with husband Bill and a prize-winning border collie, not to mention the sheep.

The award was given in acknowledgement of her significant input over many years, with long service as treasurer of the Association. She was also instrumental in setting up the Education Trust.

Coming from an economic history background, she is a firm believer in economics as a social science, with the study of economics requiring an education, rather than training. Although, or perhaps because, she spent many years working with data, she thinks that researchers should look behind the numbers to help in their interpretation – something that was sometimes forgotten in the years when econometrics was heavily emphasized.

AI wishes Julia many more years of happy retirement, and hopes to see her at future NZAE conferences.