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Great Southern Land

In: The Gypsy Economist

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  • Alex Millmow

    (Federation University)

Abstract

This chapter looks at Colin Clark’s 1937 sabbatical in Australia where he took up visiting appointments at the Universities of Melbourne, Sydney and Western Australia. Clark was quickly entranced by Australia, especially Queensland. By giving guest lectures and making newsworthy comments he attracted interests in his talent including the Premier William Forgan Smith of Queensland. In 1938 he co-authored The National Income of Australia (1938) with John Crawford which contained a ‘provisional’ estimate for the Australian income multiplier. With an anticipated collapse in private investment spending Clark advocated further public sector stimulus; advice which conflicted with that of one of Australia’s leading economists, Douglas Copland. Clark also argued that since Australia’s population growth rate had slowed, it would be necessary for this to increase if the country was to maintain the maximum return from the capital invested.

Suggested Citation

  • Alex Millmow, 2021. "Great Southern Land," Palgrave Studies in the History of Economic Thought, in: The Gypsy Economist, chapter 0, pages 73-83, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-981-33-6946-7_5
    DOI: 10.1007/978-981-33-6946-7_5
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