The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Australasia, Economics in

  • Selwyn Cornish
Reference work entry


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.


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. 

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Authors and Affiliations

  • Selwyn Cornish
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