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speaker

Nicholas
Gruen

Policy economist, entrepreneur and thought leader.

["The importance and power of ideas is routinely underestimated.\n","What is the \u2018Overton Window\u2019 and is it holding you back?"]
Profile

Nicholas Gruen is a policy economist, entrepreneur and commentator on our economy, society and innovation.

Current work

Nicholas is CEO of Lateral Economics, Chairman of global aged care software provider Health Metrics, and the Open Knowledge Foundation (Australia) and Visiting/Adjunct Professor at Kings College London Policy Institute and Adjunct Professor at UTS Business School. In the 1980s he was a school teacher and a cartoonist.

He is Patron of the Australian Digital Alliance, comprising Australia’s libraries, universities, and providers of digital infrastructure such as Google and Yahoo.

Previous experience

Council: He was a Council Member of the National Library of Australia (2014-16), chaired the Federal Government’s Innovation Australia (2013-14) and chaired The Australian Centre for Social Innovation (TACSI) (2010-16).

Success:He was the founding chair of Kaggle which was recently sold to Google and an international start up investor.

Cabinet: He has advised Cabinet Ministers, sat on Australia’s Productivity Commission and founded Lateral Economics and Peach Financial in 2000. He’s had regular columns in the Courier Mail, the Australian Financial Review, the Age and the Sydney Morning Herald and has published numerous essays on political, economic and cultural matters.

He was a member of the Cutler Review into Australia’s Innovation System in 2008, and a review of Pharmaceutical patent extensions in 2013.

In 2009 he chaired Australia’s internationally acclaimed Government 2.0 Taskforce.

Education: He has a BA (Hons - First Class) in History (1981) a Graduate Diploma in economics and a PhD from the ANU (1998), and an LLB (Hons) from the University of Melbourne (1982).

Expertise
Talking Points

How the Internet is Changing our Economy and our Lives

While we’ve been reforming our economy in the image of a normal market, something huge has happened. A whole slew of new public goods has been built. And most have been built privately. Google, Facebook and Twitter are all public goods. So too are open source software and Wikipedia. The first group are built for profit, the second for other reasons. But the government had nothing to do with either. This calls for a whole new agenda - in which those in the public, private and NGO sectors come together and build the digital public goods of the 21st century. What do those new goods look like? And how do we start?

Five Ways Innovation Talk is too Vague to Help Anyone: How the Extended Technology Stack can really Promote Innovation

Innovation policy costs the Australian budget well over $1 billion or closer to $5 billion a year if you include research budgets. Little of it is evidence-based and we have little idea of how effective it is. We subsidise activities that we think are underprovided by the market. But if we focused instead on the extended technology stack - the way in which different organisations, from governments to community groups to individual businesses could all dovetail their activities better together online - together cooperating in the development of a platform, we could make Australia an innovation powerhouse at zero cost to the budget.

Nudging Towards Innovation

Dr Gruen will discuss the myriad ways governments can promote innovation without spending money. This is the “Innovation without money” agenda he championed as Chair of Innovation Australia. Because more and more successful innovation involves collaboration between different actors in the economy, it stands to reason that there are strict limits to the extent to which traditional subsidies to activity - whether that activity is in government, the private sector or in some other sector such as education or the not-for-profit sector - can generate innovation.

How We’re Wanting ‘Change We Can Believe in’ Before Change we Need

The young want ‘change’ - as well they might. But not all change is worth having. And change-makers use the tools of marketing to convince us of the value of their causes. In this talk, Nicholas Gruen will interrogate change-making and conclude that some of the causes we’re invited to get caught up in are unlikely to achieve much and might even make things worse. Meanwhile, other changes we need to make are as urgent as ever.

Want your Business to be Smart? Maybe Try not being Stupid.


Charlie Munger, Warren Buffett’s business partner and co-billionaire, says that’s all they do. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” There are hundreds of cognitive biases, many of which get stronger in groups, particularly hierarchical groups. That’s pretty much every organisation.
What are these biases and how can you and your business protect yourselves?

Why aren’t Business Decisions more Evidence-Based and What Can we do to Make Them So?

Evidence-based policy is a big deal in government. It is important in business too, but business tends to ‘wing it’, paying little attention to the way KPIs are set. Business needs far deeper expertise in monitoring and evaluation, delivered, as it was in the Toyota production system, to help those at the ‘coalface’ optimise their performance. In this talk, Dr Gruen will show how you can revolutionise the performance of your business by using expertise first developed in the not-for-profit sector to measure and track the effectiveness of value creation in the business and report it independently to all stakeholders.

How we Blew it in International Negotiations: DFAT goes AWOL on IP and the TPP

It’s axiomatic that as we transition towards a progressively more knowledge-intensive economy, intellectual property (IP) arrangements become increasingly important. Yet they have never received the attention they deserve from economists or policymakers. IP arrangements are increasingly constrained by international agreements, and yet our chief negotiator, the Department of Foreign Affairs and Trade, demonstrates virtually no coherent thought as to what our strategic IP interests are or what kind of framework might be applied when considering and negotiating them. In this presentation, Dr Gruen explores the basic economics of IP and suggests some principles to which we should adhere in negotiating international agreements; principles we’ve ignored so far.

Detoxing our Democracy: a New Role for Ordinary People in Politics

Brexit and the rise of Donald Trump have humiliated political elites. But Australia led the pack in 2013 when Australia’s Parliament humiliated themselves - abolishing carbon pricing when most of them understood the folly of doing so. Why? Because of the imperatives of political combat in our vox pop democracy. With the political-infotainment complex degrading representative politics, creating space for ordinary people to influence our politics at every level could see our democracy reborn. It could also help young Australians, less educated and lower income Australians fight back against political eclipse by older generations.

How to Protect your Organisation from our Toxic Politics

Polarisation is built into politics. You can’t become a politician without beating other politicians to the job. Political activists feed off all the same things a shock jock feeds off - sensation, indignance, self-righteousness. In this presentation, Dr Gruen shows how self-appointed spokespeople - for consumers, for business, for investors, for women, for any group, are usually hugely unrepresentative of the group they claim to be representing and explores ways your organisation can cut through to deal with the people themselves.

The Culture Wars. How They’re Holding us Back and What to do about it.

The whole way ‘culture war’ works is this: People pick sides. They then imagine they’re the good guys and the others are the baddies. Because both sides focus on how the other side is mad, bad or both, each side misses the wood for the trees. What they miss is how the others’ perspective can improve their own and how that can lead them both on a journey of transformation.

Dr Gruen shows how this works in education, in economics, in health and in many other areas before explaining how we can tackle culture war and build a better world.

Is GDP all there is? Better Approaches to Measuring our Well-being

Everyone complains that GDP is a poor measure of human well-being. In this talk, Dr Gruen will explain why GDP isn’t that bad. But not for the reasons you think. He will also explain why many attempts to provide more ‘holistic’ measures of well-being amount to little more than distractions. He’ll show how Lateral Economics built the Herald/Age Lateral Economics index of wellbeing published in the Fairfax dailies every quarter and look at other promising ways we could improve both well-being and GDP.

Economics: What’s it Good For?

Economics is a premier discipline - the social science that everyone takes seriously. Economists are asked to predict the future, but while meteorologists have got three times better, economists haven’t got any better in the last 50 years. In this talk, Dr Gruen will show you how poor economics has been at answering the questions many ask of it, but how it could be used to make the world a better place.

Education: Seizing the Moment

Dr Gruen will describe the opportunities and challenges that face formal learning with the unfolding use of web 2 technologies. These technologies support access to learners by new providers delivering additional resources that support, enrich and extend traditional modes of education, new providers who use the technologies in ways that challenge existing providers and for current providers, new possibilities of delivery, interaction and feedback.

Evidence-based policy: Why is Progress so Slow and What can be Done About it?

The expression 'Evidence-based policy' rolls off the tongue easily, but if it was as easily done as said, we’d have it by now. And yet, in all manner of government-funded service delivery areas, there’s been literally billions of dollars wasted or worse, from VET to child protection to programs intended to benefit Indigenous people. Evidence-based policy has been agonisingly slow going because to do it effectively, it needs to be done in a way that is integrated into programs, is highly collaborative and generates monitoring and evaluation outputs that are publicly reported in as close to real time as possible.

How did New Zealand lose the race against Australia?

New Zealand had the highest living standards in the world at the turn of the 20th century. By 1970, its income levels were the same as Australia’s. And yet a generation later, they’re around 20 per cent lower.
Dr Gruen explores these facts and also looks at various theories as to how it happened. Was it New Zealand’s size, its distance from world markets or the policy mistakes from Robert Muldoon’s disastrous decade of ‘Think Big’ to stop-start reform from Roger Douglas on. After taking you through these ideas, Dr Gruen presents his own ideas, along with his suggestions for how New Zealand could engineer a spectacular economic recovery using its existing strengths and some things which have traditionally been thought of as weaknesses.

How can New Zealand Recover its Status as an Economic Exemplar to the World?

New Zealand had the highest living standards in the world at the turn of the 20th century. By 1970, its income levels were the same as Australia’s. And yet a generation later, they’re around 20 per cent lower.
In this presentation, Dr Gruen will explore the causes of New Zealand’s relative economic decline and show how New Zealand could engineer a spectacular economic recovery by turning its size and distance from world markets from a weakness into a strength.

Topics

Business

  • CEO & Company Directors
  • Entrepreneurship & Entrepreneurs
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