The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Australasia, Economics in

  • Selwyn Cornish
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2531

Abstract

Writing on economic subjects began in Australasia (Australia and New Zealand) within a decade or two of the commencement of European settlement. There are many examples of innovative and influential contributions to economics from these countries, but there has never been a ‘school’ of Australasian economics. Between the two world wars, economics in Australia experienced a golden age, when a small group of economists influenced economic policy and advanced economic thought. Since the 1940s, however, Australasian economics has been dominated by ideas and methods associated with work in the United States.

Keywords

Arndt, H. W. Australasia, economics in Brigden, J.B. Butlin, N. Capital theory Clark, C. G. Coghlan, T.A. Condliffe, J.B. Copland, D. Corden, W. M. Crawford, J. G. De Lissa, A. Dutch disease Economic Society of Australia Effective protection Equation of exchange Fisher, A.G.B. Full employment Garnaut, R. General equilibrium trade models Giblin, L. F. Gregory thesis Growth, models of Harcourt, G. C. Hearn, W. E. Hight, J. Inflation International monetary economics International trade theory Irvine, R. F. Jevons, W. S. Kemp, M. Keynes, J. M. Marshall, A. Measurement Mill, J. S. Money Multiplier Musgrave, A. National income accounting New Zealand Economic Association Phillips, A.W. Premiers’ Plan (Australia) Protection Salter, W.E.G. Shann, E. Snooks, G. D. Swan, T. W. Syme, D. Tariffs Tradable and non-tradable commodities Unemployment Viner, J. Wakefield, E.G. Walker, F. A. Wilson, R. 

JEL Classifications

B2 
This is a preview of subscription content, log in to check access.

Bibliography

  1. Arndt, H.W. 1949. A pioneer in national income estimates. Economic Journal 59: 616–625.CrossRefGoogle Scholar
  2. Arndt, H.W. 1972. Australia and Asia: Economic essays. Canberra: Australian National University Press.Google Scholar
  3. Brigden, J.B., D.B. Copland, E.C. Dyason, L.F. Giblin, and C.H. Wickens. 1929. The Australian tariff: An economic enquiry. Melbourne: Melbourne University Press.Google Scholar
  4. Butlin, N.G. 1962. Australian domestic product, investment and foreign borrowing 1861–1938/39. Cambridge: Cambridge University Press.Google Scholar
  5. Butlin, N.G. 1987. Human or inhuman capital? The economics profession 1916–87. Working Papers in Economic History No. 91, Australian National University.Google Scholar
  6. Clark, C. 1940. Conditions of economic progress. London: Macmillan.Google Scholar
  7. Coghlan, T.A. 1918. Labour and industry in Australia from the first settlement in 1788 to the establishment of the Commonwealth in 1901. London and New York: Oxford University Press.Google Scholar
  8. Coleman, W., S. Cornish, and A. Hagger. 2006. Giblin’s platoon: The trials and triumph of the economist in Australian public life. Canberra: Australian National University Press.CrossRefGoogle Scholar
  9. Copland, D.B. 1920. Currency inflation and price movements in Australia. Economic Journal 30: 484–505.CrossRefGoogle Scholar
  10. Copland, D.B. 1934. Australia in the world crisis, 1929–1933. Cambridge: Cambridge University Press.Google Scholar
  11. Corden, W.M. 1971. The theory of protection. Oxford: Clarendon Press.Google Scholar
  12. Cornish, S. 1981. Full employment in Australia: The genesis of a white paper. Research Papers in Economic History No. 1. Canberra: Australian National University.Google Scholar
  13. Cornish, S. 1993. The Keynesian revolution in Australia: Fact or fiction? Australian Economic History Review 33(2): 42–68.CrossRefGoogle Scholar
  14. De Lissa, A. 1890. The law of the incomes. Australian Economist 2(1): 6–17.Google Scholar
  15. Endres, A.M. 1991. J.B. Condliffe and the early Canterbury tradition in economics. New Zealand Economic Papers 25(2): 171–197.CrossRefGoogle Scholar
  16. Evans, L.T., and J.D.B. Miller, ed. 1987. Policy and practice: Essays in honour of Sir John Crawford. Canberra: Australian National University Press.Google Scholar
  17. Garnaut, R. 2001. Social democracy in Australia’s Asian future. Canberra: Asia Pacific Press.Google Scholar
  18. Giblin, L.F. 1930. Australia 1930. Melbourne: Melbourne University Press.Google Scholar
  19. Goodwin, C.D.W. 1966. Economic enquiry in Australia. Durham, NC: Duke University Press.Google Scholar
  20. Groenewegen, P. 1996. The Australian experience. In The Post-1945 Internationalization of Economics, ed. A.W. Coats. Durham, NC and London: Duke University Press. Annual Supplement to History of Political Economy 28.Google Scholar
  21. Groenewegen, P., and B. McFarlane. 1990. A history of Australian economic thought. London and New York: Routledge.Google Scholar
  22. Harcourt, G.C. 1972. Some Cambridge controversies in the theory of capital. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  23. Harper, M. 1986. Melbourne economists in the public arena: From Copland to the Institute. In Victoria’s heritage. Lectures to celebrate the 150th anniversary of European settlement in Victoria, ed. A.G.L. Shaw. Sydney: Allen & Unwin.Google Scholar
  24. Hearn, W.E. 1863. Plutology. Melbourne: George Robertson.Google Scholar
  25. Kemp, M. 1964. The pure theory of international trade. Englewood Cliffs: Prentice Hall.Google Scholar
  26. Keynes, J.M. 1932. Report of the Australian experts. In The collected writings of John Maynard Keynes, ed. D. Moggridge, Vol. 21, 94–100. London: Macmillan and Cambridge University Press for the Royal Economic Society 1982.Google Scholar
  27. Lang, J.D. 1834. An historical and statistical account of New South Wales, 1852. London: Longman, Brown, Green and Longmans.Google Scholar
  28. Millmow, A. 2005. Australian economics in the twentieth century. Cambridge Journal of Economics 29: 1011–1026.CrossRefGoogle Scholar
  29. Musgrave, A. 1875. Studies in political economy. London: Henry S. King and Co..Google Scholar
  30. Nadel, G. 1957. Australia’s colonial culture. Ideas, men and institutions in mid-nineteenth century eastern Australia. Melbourne: F.W. Cheshire.Google Scholar
  31. Phillips, A.W. 1958. The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861–1957. Economica 25: 283–299.Google Scholar
  32. Salter, W.E.G. 1959. Internal and external balance: The role of price and external expenditure effects. Economic Record 35: 226–238.CrossRefGoogle Scholar
  33. Snooks, G.D. 1994. Portrait of the family within the total economy: A study in longrun dynamics, Australia 1788–1990. Cambridge: Cambridge University Press.Google Scholar
  34. Swan, T.W. 1956. Economic growth and capital accumulation. Economic Record 32: 334–361.CrossRefGoogle Scholar
  35. Swan, T.W. 1963. Longer run problems of the balance of payments. In The Australian economy: A volume of readings, ed. H.W. Arndt and W.M. Corden. Melbourne: F.W. Cheshire.Google Scholar
  36. Syme, D. 1876. Outlines of an industrial science. London: Henry S. King and Co..Google Scholar
  37. Wentworth, W.C. 1819. A statistical, historical and political description of the colony of New South Wales and its dependent settlements in Van Diemen’s Land. London: G. & W.B. Whittaker.Google Scholar
  38. Wilson, R. 1931. Capital imports and the terms of trade, examined in the light of sixty years of Australian borrowings. Melbourne: Melbourne University Press.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Selwyn Cornish
    • 1
  1. 1.