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Australian economics in the twentieth century


  • Alex Millmow


In this, the eightieth year of the formalisation of the Australian economics profession, a survey of it seems appropriate. While the profession's beginnings were marked by an idiosyncratic, heterodox tradition, the paper finds that those attributes have by now been largely dissolved by internationalisation. To demonstrate this, two periods in Australian economic history, and the role of economic opinion within each, are examined. One concerns the mobilisation of native economics expertise in developing policies to deal with the Great Depression, while the latter episode covers the rise of neo-liberal policy or economic rationalism in Australia. Unlike the interwar period and the post-war era, contemporary Australian economics, despite its policy success in reforming the economy has problems in attracting young minds to its fold. Copyright 2005, Oxford University Press.

Suggested Citation

  • Alex Millmow, 2005. "Australian economics in the twentieth century," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 1011-1026, November.
  • Handle: RePEc:oup:cambje:v:29:y:2005:i:6:p:1011-1026

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    References listed on IDEAS

    1. Stanley Keil, 1997. "Regional Trends in British Manufacturing Employment: Tests for Stationarity and Co-integration, 1952-1989," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 13-24.
    2. Cantillon, Sara & Curtis, John & FitzGerald, John, 1994. "Medium-Term Review 1994-2000, No. 5," Forecasting Report, Economic and Social Research Institute (ESRI), number MTR05.
    3. Frank Gaffikin & Mike Morrissey, 1994. "In Pursuit of the Holy Grail: Combating Local Poverty in an Unequal Society," Local Economy, London South Bank University, vol. 9(2), pages 100-116, August.
    4. Kitson, Michael & Michie, Jonathan & Sutherland, Holly, 1997. "The Fiscal and Distributional Implications of Job Generation," Cambridge Journal of Economics, Oxford University Press, vol. 21(1), pages 103-120, January.
    5. Helmut Hofer & Andreas Worgotter, 1997. "Regional Per Capita Income Convergence in Austria," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 1-12.
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    Cited by:

    1. Joshua S. Gans & Andrew Leigh, 2012. "How Partisan is the Press? Multiple Measures of Media Slant," The Economic Record, The Economic Society of Australia, vol. 88(280), pages 127-147, March.

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