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British Economists and Australian Gold

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  • Goodwin, Craufurd D.

Abstract

Two events combined at the middle of the nineteenth century to draw the attention of British economists to Australia. The first was the grant of increased local autonomy through the Australian Colonies Government Act of 1850 and subsequent legislation. The prospect of colonists, rather than the British Parliament, determining colonial affairs shifted the focus of economists' interest from London overseas and caused them to ponder seriously what Britain stood to gain or lose from this transfer of authority. British musings over the virtues of self-government and the value of the colonies were given a sudden impulse by a second event, the discovery of large quantities of gold in New South Wales and Victoria in 1851.

Suggested Citation

  • Goodwin, Craufurd D., 1970. "British Economists and Australian Gold," The Journal of Economic History, Cambridge University Press, vol. 30(2), pages 405-426, June.
    • Handle: RePEc:cup:jechis:v:30:y:1970:i:02:p:405-426_06
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    Cited by:

    1. Mauro Boianovsky, 2011. "Humboldt And The Classical Economists Onnatural Resources, Institutions And Underdevelopment," Anais do XXXVIII Encontro Nacional de Economia [Proceedings of the 38th Brazilian Economics Meeting] 116, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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