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T. W. Swan: “Australian War Finance and Banking Policy”

In: Trevor Winchester Swan, Volume I

Author

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  • Peter L. Swan

    (UNSW (Sydney))

Abstract

Rarely does an economist write about funding a war, in this case during the first year of the Second World War, 1939-40. Trevor Swan begins with his attempt to set out what is recorded or can be surmised of the course of financial and monetary policy during 1939-40. He then follows this up with an analysis of banking policy over the same period and the Treasurer’s proposals for the following year. He addresses questions such as: Is it desired to “pay for the war” out of real consumption now, or to make posterity (including those of us who survive) pay in the form of a smaller volume of capital equipment.

Suggested Citation

  • Peter L. Swan, 2022. "T. W. Swan: “Australian War Finance and Banking Policy”," Palgrave Studies in the History of Economic Thought, in: Trevor Winchester Swan, Volume I, chapter 0, pages 129-148, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-031-13737-2_4
    DOI: 10.1007/978-3-031-13737-2_4
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