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Welfare Considerations Of North Australian Development Decisions

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  • Healey, Derek T.

Abstract

Issue is taken with those who adopt a short-term economic allocation approach to the question of the development of Northern Australia. It is argued that welfare-economics criteria are inappropriate when consideration of development is involved and that attention must be paid by economists to immeasurable benefits and to national long-term goals rather than to the maximisation of immediate utilities.

Suggested Citation

  • Healey, Derek T., 1966. "Welfare Considerations Of North Australian Development Decisions," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 10(2), pages 1-13, December.
    • Handle: RePEc:ags:ajaeau:22277
    DOI: 10.22004/ag.econ.22277
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    File URL: https://ageconsearch.umn.edu/record/22277/files/10020183.pdf
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    References listed on IDEAS

    as
    1. R. H. Strotz, 1955. "Myopia and Inconsistency in Dynamic Utility Maximization," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(3), pages 165-180.
    2. I. Bowen, 1965. "A Comment," The Economic Record, The Economic Society of Australia, vol. 41(96), pages 637-638, December.
    3. Campbell, Keith O., 1962. "The Rural Development Of Northern Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 6(01), pages 1-10, September.
    4. Hollis B. Chenery, 1953. "The Application of Investment Criteria," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 67(1), pages 76-96.
    5. W. F. Musgrave & J. N. Lewis, 1965. "Measuring The Value Of Political Arguments‐A Comment On Cannegieter," The Economic Record, The Economic Society of Australia, vol. 41(94), pages 262-266, June.
    6. I. Bowen, 1965. "A Comment On The Ord Controversy," The Economic Record, The Economic Society of Australia, vol. 41(94), pages 267-269, June.
    7. Keith O. Campbell, 1962. "The Rural Development Of Northern Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 6(1), pages 21-30, September.
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    Cited by:

    1. Glyn Wittwer & Onil Banerjee, 2015. "Investing in irrigation development in North West Queensland, Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(2), pages 189-207, April.
    2. Musgrave, Warren F., 1976. "Problems Of Change In Australian Agricultural Economics," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(3), pages 1-11, December.

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