Darcy’s research, opinion pieces and comments have featured, among other places, on the pages of The Australian, Australian Financial Review, The Weekly Times, Sydney Morning Herald, The Age, The Canberra Times, The West Australian, and The Advertiser. Darcy’s writing has featured in peer-reviewed academic journal articles, conference papers, book chapters, and has been regularly presented at conferences. His academic work centers on the economics of entrepreneurship, innovation and regulation.
Darcy has authored research reports and submissions for the IPA ranging from the inflexible regulation of schooling, to the red tape of native vegetation law, to the impact of red tape on disruptive technologies and the sharing economy. His regular IPA Review pieces have included the case for personal income tax cuts, the growth of cryptocurrencies, the legacy of Ronald Reagan and the lessons from private cities.
His doctoral thesis develops a theoretical critique on the scope and focus of innovation policy from the perspective of New Institutional Economics and Austrian Economics. The applications of theoretical contributions are made largely through blockchain technology and the hackerspace phenomenon. His thesis is that the economics of the ‘innovation problem’ are best viewed as a knowledge coordination and governance problem, and that the private collective action governance of distributed Hayekian information-in clubs and commons-is not only possible but may indeed be optimal. This returns the economics of innovation to the mainline of economic thought from Smith, through Hayek and Mises, to Williamson and Ostrom, and extends the suite of institutional solutions to the innovation problem from government to governance.
Darcy grew up in Geelong and attended St Joseph’s College Newtown, before undertaking studies at RMIT University. Darcy went on to be awarded First Class honours in economics and finance, before entering a PhD program in economics.