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The Initial Embrace of Keynesianism in Australia

In: Abandoning Keynes

Author

Listed:
  • Tim Battin

    (University of New England)

Abstract

By placing the emergence and subsequent practice of Keynesianism into its historical and theoretical perspective, we may very well be able to fathom how it became unravelled.1 The present discussion, however, is not exclusively a focus on the extent or nature of the Keynesian consensus;2 more pertinent is the connection between the context of the acceptance and prominence of Keynesian social democracy, on the one hand, and the problems encountered and foreseen at the time in the new enterprise, on the other. If there is to be an insight into why there was abandonment — or at least substantial revision — of the Keynesian experiment, it is necessary for there to be an appreciation of the factors which brought it into being in the first place.

Suggested Citation

  • Tim Battin, 1997. "The Initial Embrace of Keynesianism in Australia," Palgrave Macmillan Books, in: Abandoning Keynes, chapter 2, pages 33-51, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14350-4_3
    DOI: 10.1007/978-1-349-14350-4_3
    as

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