Hatta-nomics Protectionism

Buat yang tidak bisa baca WSJ, ini yang dimaksud sama Hatta Rajasa yang sedang kampanye kalau dia Nasionalis, bahkan mitra asing kepanasan akibat kebijakan dia.

Ini diambil dari http://online.wsj.com/article/SB10001424052702304707604577421862141300468.html

The Politics of Indonesia’s Protectionism

Jakarta’s new policies aim to keep the ruling party in power, but might do just the opposite.


Indonesia has enjoyed a recent spell as a darling of global investors looking for promising alternatives to China and India. With a large pool of consumers boasting increasing incomes, rich natural resource endowments and a growth rate above 6%, it’s easy to see why. Yet lately a threat to this streak has emerged. Locals call it “Hatta-nomics.” Continue reading

Why do we not elect economist if the objective is welfare nation?

One of basic purposes of a welfare state is how to generate more “income” or “wealth” to the people. Most countries had revolution because of the poverty and inequality issues. Just named it. From Indonesia in 1965 and 1998 to the Arab Spring in 2011 till today. Interestingly, if a nation wants to be a welfare state, why aren’t more countries run by economist? This topic is addressed by Washington Post (written by Brad Plumer). It is indeed a very interesting article. The writing is based on Mark Hallerberg and Joachim Wehner research paper. Please read it in this link http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/18/why-arent-more-countries-run-by-economists/

Why aren’t more countries run by economists?

Posted by Brad Plumer on February 18, 2013 at 1:19 pm

One of the main tasks of any modern government is to oversee a country’s economy. And yet, a great many nations are run by people with little or no economic expertise. Why is that?

Mark Hallerberg and Joachim Wehner have an interesting new paper trying to figure out “why governments sometimes appoint economic policymakers with economics training but often do not.” By studying the qualifications of more than 1,200 prime ministers, presidents, finance ministers, and central bankers in various democracies since the 1970s, they uncovered a few key patterns. Continue reading

Mengamati Perilaku untuk Keberhasilan Kebijakan Publik

Mengamati Perilaku untuk Keberhasilan Kebijakan Publik

Oleh: Rayenda Brahmana*

Apa yang bisa kita pelajari dari film X-Men: The Last Stand (2006)? Film tersebut menceritakan gagalnya pemerintah AS untuk menerapkan peraturan pengobatan para mutan. Sederhananya, gagalnya penerapan kebijakan tersebut karena pemerintah melupakan perilaku para mutan dalam mengambil keputusan. Ternyata, lebih banyak mutan yang sudah bisa menerima diri mereka apa adanya daripada mutan yang ingin menjadi manusia normal.

Di dunia nyata, beberapa kebijakan publik yang berhasil adalah kebijakan yang berbasiskan hasil pengamatan perilaku keputusan. Contohnya, Lee Kuan Yew, mantan Perdana Menteri Singapura, menerapkan kebijakan publik berbasiskan denda untuk menertibkan penduduknya. Menurutnya, penduduk Singapura takut kehilangan uang jerih payah mereka hanya karena masalah yang sebenarnya mudah untuk dilakukan (contohnya mengantri, tidak meludah, dan membuang sampah pada tempatnya). Continue reading

Hedonic Adaptation – How to keep Happiness from fading

I found an interesting article about how to keep happiness from fading. It was written by Heidi Grant Halvorson, an author of Nine Things Successful People Do Differently and Succeed: How We Can Reach Our Goals. It discusses about hedonic adaptation. Basically it is based on a paper by Sheldon and Lyubomirsky who addressed two reason why happiness cannot last. You can read the full article in this link: http://www.forbes.com/sites/heidigranthalvorson/2012/08/14/how-to-keep-happiness-from-fading/

How to Keep Happiness From Fading

By: Heidi Grant Halvorson,

No matter how miserable you are feeling at the moment, if you look back, there have surely been events in your life that have made you happy.  Maybe the time you bought your first car, or the time you received that long-desired promotion.  Or the time you lost fifteen pounds and were able to get back into your favorite jeans without cutting off your circulation.  When good things happen, we feel positive emotions – like excitement, relief, pride, and of course, happiness.  These feelings are essential for our well-being. Continue reading

The stock market werewolves

Hurray! My write-up about the role of moon gravity on stock markets was published by Jakarta Post. I am very happy for it. This moon effect is one of the variables in my PhD thesis. Indeed, I have done extensive literature review to examine whether there is the effect or not.

My suggestion to understand the role of moon gravity on stock markets is: (1) Read the Prospect Theory, (2) Understand the Forgas’ Affect Infusion Model, (3) Read the pros-cons of the role of full moon in psychology literature (I mentioned it in my opinion in Jakarta Post).

Here is my write-up that published by jakarta post. Hopefully, you can enjoy it. You can see it directly from this link:


Continue reading

Superstitious Fund: Too mystic to fail

It is an interesting article in BBC about superstitious fund. So, the story is about an asset management company, pool the fund, and trade it under algorithm, but it based on numerology and astrology. The Shing Tat Chung, the “boss”, even stated that this fund is only operated based on human characteristic. The fund will not traded on 13th or during full moon. The full story can be seen at this link: http://www.bbc.com/future/story/20120731-bulls-bears-and-black-cats Continue reading

Is it Behavioural Economics or Social Marketing?

Who does not know Philip Kotler? The Guru in marketing gave his point of view in behavioural economics and elaborated it with social marketing. In his point of view, behavioural economics is a bridge of economics and marketing. In his opinion, the policies such as reducing tobacco use, encouraging more physical activity, reducing tuberculosis, reducing obesity, reducing malaria, increasing contraceptive use, and reducing drink driving are the example how we can use behavioural economics in social marketing. This article, which was published in Sunday Time in May 22 2011, is an interesting one to read. I know it is a bit too late to post it here. But yet, it is very interesting opinion of Kotler. You can check the full article here: http://www.sundaytimes.lk/110522/BusinessTimes/bt36.html Continue reading