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Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under

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  • RICHARD B. FREEMAN

Abstract

This paper argues that detailed studies of particular economies, such as Bob Gregory's work on Australia, are relevant to all of economics. The paper builds on the concept of a model species from biology to develop the notion of a model economy - one whose experiences illuminate fundamental economic issues; examines the criterion for an economy to serve as a model economy; and describes three areas - labour relations and the awards system of wage-setting, marketising public services and growth through immigration and natural resources - where Australian experience provides insights into economic behaviour and the operation of markets broadly. Copyright © 2006 The Economic Society of Australia.

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Bibliographic Info

Article provided by The Economic Society of Australia in its journal Economic Record.

Volume (Year): 82 (2006)
Issue (Month): 257 (06)
Pages: 195-206

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Handle: RePEc:bla:ecorec:v:82:y:2006:i:257:p:195-206

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References

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Cited by:
  1. Samantha Farmakis‐Gamboni & David Prentice, 2011. "When Does Reducing Union Bargaining Power Increase Productivity? Evidence from the Workplace Relations Act," The Economic Record, The Economic Society of Australia, vol. 87(279), pages 603-616, December.
  2. Chris Doucouliagos & Phillip Hone & Mehmet Ulubasoglu, 2006. "Discrimination, Peformance and Career Progression in Australian Public Sector Labor Markets," Economics Series 2006_07, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
  3. Samantha Farmakis-Gamboni & David Prentice, 2007. "Does Reducing Union Bargaining Power Increase Productivity?," Working Papers 2007.04, School of Economics, La Trobe University.
  4. Richard B. Freeman, 2007. "Learning from Other Economies - for example from Somewhere Down Under," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 5(3), pages 33-37, October.

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