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A History of Australasian Economic Thought
This book explains how Australian and New Zealand economists exerted influence on economic thought and contributed to the economic life of their respective countries in the twentieth century. Besides surveying theorists and innovators, this book also considers some of the key expositors and builders of the academic economics profession in both countries. The book covers key economic events including the Great Depression, the Second World War the post-war boom and the great inflation that overtook it and, lastly, the economic reform programs that both Australia and New Zealand undertook in the 1980s.
The Gypsy Economist
This book offers the first intellectual biography of the Anglo Australian economist, Colin Clark. Despite taking the economics world by storm with a mercurial ability for statistical analysis, Clark’s work has been largely overlooked in the 30 years since his death. His career was punctuated by a number of firsts. He was the first economist to derive the concept of GNP, the first to broach development economics and to foresee the re-emergence of India and China within the global economy. In 1945, he predicted the rise and persistence of inflation when taxation levels exceeded 25 per cent of GNP. And he was also the first economist to debunk post-war predictions of mass hunger by arguing that rapid population growth engendered economic development. Clark wandered through the fields of applied economics in much the same way as he rambled through the English countryside and the Australian bush. His imaginative wanderings qualify him as the eminent gypsy economist for the 20th century.
The Power of Economic Ideas
Economics, Keynes once wrote, can be a 'very dangerous science'. Sometimes, though, it can be moulded to further the common good though it might need a leap in mental outlook, a whole new zeitgeist to be able do do. This book is about a transformation in Australian economists' thought and ideas during the interwar period. It focuses upon the interplay between economic ideas, players and policy sometimes in the public arena. In a decade marked by depression, recovery and international political turbulence Australian economists moved from a classical orthodox economic position to that of a cautious Keynesianism by 1939. We look at how a small collective of economists tried to influence policy-...
Reclaiming Pluralism in Economics
Until the end of the early 1970s, from a history of economic thought perspective, the mainstream in economics was pluralist, but once neoclassical economics became totally dominant it claimed the mainstream as its own. Since then, alternative views and schools of economics increasingly became minorities in the discipline and were considered ‘heterodox’. This book is in honour of John Edward King who has an impressive publication record in the area of economic theory with specific interest in how economic thought in the past shapes current economic theory and enforces certain paths of economic policy and economic development. This book is divided into five themes based on King’s interes...
Defending the History of Economic Thought
This book explains the importance of the history of economic thought in the curriculum of economists, whereas most discussions of this kind are devoted to explaining why such study is of value simply to the individual economist.
Real World Economics
Economics is extremely sick. It is so locked in its past that nearly all of its introductory textbooks are modelled on one that appeared in 1948. The discipline cannot continue in its autistic state much longer. This book takes you to the heart of a fiery and many-faceted debate. It is comprised of 66 articles that have been selected based on their importance to the reform movement and for their accessibility to the general reader. ‘Real economic problems’ concern real people, so their analysis must be made intelligible to an educated general public if real democracy is to function. All economists must learn to live without the belief that there is only one right way of describing and explaining reality. This requires economists to begin the development of an ethos of honesty regarding the limitations of their chosen approaches.
Labor's Conflict
Once widely regarded as the workers greatest hope for a better world, the ALP today would rather project itself as a responsible manager of Australian capitalism. Labor's Conflict provides an insightful account of the transformations in the Party's policies, performance and structures since its formation. Seasoned political analysts, Tom Bramble and Rick Kuhn offer an incisive appraisal of the Party's successes and failures, betrayals and electoral triumphs in terms of its competing ties with bosses and workers. The early chapters outline diverse approaches to understanding the nature of the Party and then assess the ALP's evolution in response to major social upheavals and events, from the strikes of the 1890s, through two World Wars, the Great Depression, and the post-war boom. The records of the Whitlam, Hawke, Keating, Rudd and Gillard governments are then dissected in detail. The compelling conclusion offers alternatives to the Australian Labor Party, for those interested in progressive change.
Joseph Lyons: The People's Prime Minister
The first full biography of Australia's prime minister between 1932 and 1939, Joseph Aloysius Lyons, who dominated Australian politics throughout the 1930's.
The Elgar Companion to John Maynard Keynes
The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy.
