A very inconvenient report on RET 

By Richard Denniss
Updated November 15 2018 - 8:43pm, first published September 9 2014 - 9:42am

Economics and politics don’t really have much in common. While it is the job of politicians to decide what is fair and what is not, students are taught in economics 101 that economics is not concerned with fairness and distribution. The main job of economists is to help grow the pie, and the main job of politicians is to share it out. Last week’s review of the Renewable Energy Target (RET) chaired by Dick Warburton provides a textbook example of just how incompatible economic and political logic can be.

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