The Long Term

Authors: Piers Maclaren
Publication: New Zealand Journal of Forestry, Volume N.Z.J.For. 2010, Issue N.Z.J.For. 55(1) 2010, pp 2, May 2010
Publisher: New Zealand Institute of Forestry

---

Abstract: Some people live by the day. Others start completing their calendars one year in advance. Notoriously, the planning horizon of New Zealand politicians is limited to three years. Major engineering projects are usually achieved with a decade. Almost nobody, it seems, is concerned about developments that take a century or more to reach fruition. John Maynard Keynes, the arch-guru of economists, famously said “Long run is a misleading guide to current affairs. In the long run we are all dead”.

---