Political economics and normative analysis

The approaches and opinions of economists often dominate public policy discussion. Economists have gained this privileged position partly (or perhaps mainly) because of the obvious relevance of their subject matter, but also because of the unified methodology (neo-classical economics) that the vast majority of modern economists bring to their analysis of policy problems and proposed solutions. The idea of Pareto efficiency and its potential trade-off with equity is a central idea that is understood by all economists and this common language provides the economics profession with a powerful voice in public affairs. The purpose of this paper is to review and reflect upon the way in which economists find themselves analysing and providing suggestions for social improvements and how this role has changed over roughly the last 60 years. We focus on the fundamental split in the public economics tradition between those that adhere to public finance and those that adhere to public choice. A pure public finance perspective views failures in society as failures of the market. The solutions are technical, as might be enacted by a benevolent dictator. The pure public choice view accepts (sometimes grudgingly) that markets may fail, but so, it insists, does politics. This signals institutional reforms to constrain the potential for political failure. Certain policy recommendations may be viewed as compatible with both traditions, but other policy proposals will be the opposite of that proposed within the other tradition. In recent years a political economics synthesis emerged. This accepts that institutions are very important and governments require constraints, but that some degree of benevolence on the part of policy makers should not be assumed non-existent. The implications for public policy from this approach are, however, much less clear and perhaps more piecemeal. We also discuss analyses of systematic failure, not so much on the part of markets or politicians, but by voters. Most clearly this could lead to populism and relaxing the idea that voters necessarily choose their interests. The implications for public policy are addressed. Throughout the paper we will relate the discussion to the experience of UK government policy-making

Rest Frame Optical Spectra of Lyman Break Galaxies: Other Lensing Arcs around MS1512-cB58

We have obtained near-infrared spectra of two images of the galaxy at z=2.72 which is gravitationally lensed by the foreground cluster MS1512+36. The brighter arc, cB58, is an image of only the nucleus and the southern half of the background galaxy, while the fainter image, A2, encompasses the entire background galaxy. Thus the gravitational lensing provides spatial resolution on a smaller scale than is routinely available by other methods. Our observations indicate no evidence for any systematic rotational velocity gradient across the face of this galaxy. The nucleus and outer regions of the galaxy do not differ in their gas reddening or excitation level, based on the identical Hα/5007 ratios. cB58 (which is more dominated by the nucleus) has relatively stronger continuum emission, perhaps because of a higher ratio of old to young stars, compared to the outer parts of the galaxy. A second emission line source, denoted as K1, at a slightly lower redshift was serendipitously detected in the slit. It appears to be the gravitationally lensed image of another background galaxy in the same group as cB58

Double-averaged velocity profiles over fixed dune shapes

Peer reviewedPublisher PD

Near-Infrared Observations of the Environments of Radio Quiet QSOs at z >~ 1

We present the results of an infrared survey of QSO fields at z=0.95, 0.995 and 1.5. Each z<1 field was imaged to typical continuum limits of J=20.5, Kprime=19 (5 sigma), and line fluxes of 1.3E10{-16}ergs/cm^2/s (1 sigma)in a 1% interference filter. 16 fields were chosen with z~0.95 targets, 14 with z~0.995 and 6 with z~1.5. A total area of 0.05 square degrees was surveyed, and two emission-line objects were found. We present the infrared and optical photometry of these objects. Optical spectroscopy has confirmed the redshift of one object (at z=0.989) and is consistent with the other object having a similar redshift. We discuss the density of such objects across a range of redshifts from this survey and others in the literature. We also present number-magnitude counts for galaxies in the fields of radio quiet QSOs, supporting the interpretation that they exist in lower density environments than their radio loud counterparts. The J-band number counts are among the first to be published in the J=16--20.Comment: 34 pages, including 12 figures; accepted for publication in the Ap

Infrared images of merging galaxies

Infrared imaging of interacting galaxies is especially interesting because their optical appearance is often so chaotic due to extinction by dust and emission from star formation regions, that it is impossible to locate the nuclei or determine the true stellar distribution. However, at near-infrared wavelengths extinction is considerably reduced, and most of the flux from galaxies originates from red giant stars that comprise the dominant stellar component by mass. Thus near infrared images offer the opportunity to study directly components of galactic structure which are otherwise inaccessible. Such images may ultimately provide the framework in which to understand the activity taking place in many of the mergers with high Infrared Astronomy Satellite (IRAS) luminosities. Infrared images have been useful in identifying double structures in the nuclei of interacting galaxies which have not even been hinted at by optical observations. A striking example of this is given by the K images of Arp 220. Graham et al. (1990) have used high resolution imaging to show that it has a double nucleus coincident with the radio sources in the middle of the dust lane. The results suggest that caution should be applied in the identification of optical bright spots as multiple nuclei in the absence of other evidence. They also illustrate the advantages of using infrared imaging to study the underlying structure in merging galaxies. The authors have begun a program to take near infrared images of galaxies which are believed to be mergers of disk galaxies because they have tidal tails and filaments. In many of these the merger is thought to have induced exceptionally luminous infrared emission (cf. Joseph and Wright 1985, Sanders et al. 1988). Although the optical images of the galaxies show spectacular dust lanes and filaments, the K images all have a very smooth distribution of light with an apparently single nucleus

The emergence and popularisation of autologous somatic cellular therapies in Australia: Therapeutic innovation or regulatory failure?

Private stem cell clinics throughout Australia are providing autologous stem cell therapies for a range of chronic and debilitating illnesses despite the lack of published literature to support the clinical application of these therapies.The Therapeutic Goods Administration has excluded autologous stem cell therapies from its regulatory domain leaving such therapies to be regulated by the same mechanisms that regulate research, such as the National Health and Medical Research Council Research Ethics Guidelines, and clinical practice, such as the Australian Health Practitioner Regulation Agency. However, the provision of these stem cell therapies does not follow the established pathways for legitimate medical advance – therapeutic innovation or research. The current regulatory framework is failing to achieve its aims of protecting vulnerable patients and ensuring the proper conduct of medical practitioners in the private stem cell industry

The emergence and popularisation of autologous somatic cellular therapies in Australia: Therapeutic innovation or regulatory failure?

Private stem cell clinics throughout Australia are providing autologous stem cell therapies for a range of chronic and debilitating illnesses despite the lack of published literature to support the clinical application of these therapies.The Therapeutic Goods Administration has excluded autologous stem cell therapies from its regulatory domain leaving such therapies to be regulated by the same mechanisms that regulate research, such as the National Health and Medical Research Council Research Ethics Guidelines, and clinical practice, such as the Australian Health Practitioner Regulation Agency. However, the provision of these stem cell therapies does not follow the established pathways for legitimate medical advance – therapeutic innovation or research. The current regulatory framework is failing to achieve its aims of protecting vulnerable patients and ensuring the proper conduct of medical practitioners in the private stem cell industry

Untested, unproven, and unethical: the promotion and provision of autologous stem cell therapies in Australia

An increasing number of private clinics in Australia are marketing and providing autologous stem cell therapies to patients. Although advocates point to the importance of medical innovation and the primacy of patient choice, these arguments are unconvincing. First, it is a stark truth that these clinics are flourishing while the efficacy and safety of autologous stem cell therapies, outside of established indications for hematopioetic stem cell transplantation, are yet to be shown. Second, few of these therapies are offered within clinical trials. Third, patients with chronic and debilitating illnesses, who are often the ones who take up these therapies, incur significant financial burdens in the expectation of benefiting from these treatments. Finally, the provision of these stem cell therapies does not follow the established pathways for legitimate medical advancement. We argue that greater regulatory oversight and professional action are necessary to protect vulnerable patients and that at this time the provision of unproven stem cell therapies outside of clinical trials is unethical.Haematology Department, Royal North Shore Hospital and the Northern Blood Research Centre, Kolling Institut