Robert MacCulloch
A native of New Zealand, Robert worked at the Reserve Bank of NZ, before he travelled to the UK to complete a PhD in Economics at Oxford University.
In the 1924 Paris Olympics, New Zealand won one bronze medal in total. It was in athletics for the 100m by Arthur Porritt. The race was later immortalized in the film, Chariots of Fire. NZ had a population of around one million back then. Just over 100 years later, the tally is nine golds, seven silvers and two bronzes, which after adjusting for population increase, is a huge rise. Meanwhile the United States won 45 golds at the 1924 Paris Olympics, a tally which has plummeted down to around 37 at the Paris 2024 Olympics. So productivity in this sphere in New Zealand, compared to other countries, is phenomenal. Why? Could it be because sport is a meritocracy where the fastest, highest, longest... the best... wins, regardless of other considerations? Kiwis clearly respond to merit being rewarded and produce amongst the finest output in the world when it is. Meanwhile in many other spheres in NZ, everything but meritocracy is winning the day. And productivity is paying the price.
Sources:
https://en.wikipedia.org/wiki/Arthur_Porritt,_Baron_Porritt
https://olympics.com/en/olympic-games/paris-1924/medals
This article was originally published by Down to Earth Kiwi.
