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Resourcing War While Containing Inflation: Debate among Australia's Second World War Economists

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  • Evan Mann

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type="main"> Early in the Second World War, Australian Government economists, including Financial and Economic Committee members, agreed that taxation was central to shifting resources from consumption to war spending and containing inflation. As Australia's war effort expanded in 1941–42, all advisers accepted the need for more economic controls. Differences emerged about the desired extent of controls. Some saw controls, including rationing and price stabilisation, as an alternative to higher taxation. In these debates and in policy determination, Keynes' views were influential, as to some extent were those of Kalecki and Balogh. Other influences included the policies of Australia's allies.

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  • Evan Mann, 2015. "Resourcing War While Containing Inflation: Debate among Australia's Second World War Economists," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 55(1), pages 20-41, March.
    • Handle: RePEc:bla:ozechr:v:55:y:2015:i:1:p:20-41
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    3. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
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