Our Guest Speaker - David Schnauer

Uncomfortable Economics

David Schnauer is a retired Auckland lawyer aged 76 years, living in Milford. He holds an economics degree in macroeconomics, in addition to his legal qualification. Since retirement, David has pursued his lifelong interest in economics and written articles; an on-line book, and has now written Uncomfortable Economics, issuing mid-2026.

The book examines how New Zealand’s economy has disappointed over David’s lifetime. New Zealand once ranked among the most prosperous nations. Not any longer.  Looking beyond election cycles and easy political options, his book advocates real change over a 75-year timeframe. 

Uncomfortable Economics explores two connected challenges. The first is societal: Kiwis need to develop a heightened focus on building a successful economy. They need to care as much about New Zealand building a winning economy, as they care about the All Blacks winning on the sports field. The book discusses how to lift the importance Kiwis attach to economic progress, work, and wealth creation. 

The second challenge is political: the policy settings required to support long term growth.  No longer can New Zealand’s politicians avoid the hard decisions they have ducked for decades. Unaffordable superannuation and healthcare; inadequate institutional saving; overpriced houses:  banking and tax policies which penalise the real economy; chronic government deficits.  In Part 2, the book lays bare the shortcomings of present policies and suggests constructive alternatives.  Positive suggestions for change are surely needed in election year 2026.