Nobel laureates: What's Direct Action?

The economics Nobel laureates Greg Hunt has cited as supporters of Direct Action have confirmed they don't actually know anything about it. Hunt now wants to change his story.

A few days back I flagged in the article Do Nobel laureates endorse Abbott's Direct Action? that Greg Hunt was citing economics Nobel laureates Finn Kydland, Thomas Schelling and Vernon Smith as supporters of the policy approach being taken by the Coalition’s Direct Action scheme. In that article I pointed out that much of what they’d suggested via their involvement in Bjorn Lomborg’s Copenhagen Consensus exercise didn’t seem all that compatible with the Direct Action policy.

But nothing beats hearing it from the horse’s mouth. So some more enterprising journalists than me at The Wire radio program went to the effort of contacting these Nobel Laureates.

Tom Schelling told The Wire:


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