Sutch generated much of the intellectual grunt of the great reforms of the 1930s that helped pull New Zealand out of the Depression and redevelop its economy and social system. He went on to serve as Secretary for Industries and Commerce in 1958. He was later accused of being a Russian spy - wrongly - and acquitted.
In the late 1970s and 1980s Sir Rod Deane reshaped the nation. First as Chief Economist and Deputy Governor of the Reserve Bank in the early 1980s, Sir Rod clashed with then Prime Minister Robert Muldoon over New Zealand's economic direction. He was of a generation of policy advisers and bureaucrats who radically reshaped New Zealand from 1984, deregulating government and the economy.
Fast forward. I see massive debate in Europe, USA and Asia about how to respond and reform after the Global Financial Crisis. Assumptions about banking, monetary policy, government spending, social policy, the environment and corporate structures are all being challenged.
Yet, in New Zealand public life and inside the Reserve Bank and Treasury I can't see the next Bill Sutch or Sir Rod. I can't see the same intellectual energy and creativity in policy circles here that I see in Britain or America.