ABSTRACT

This overview of Australasian economic thought presents the first analysis of the Australian economic contribution for 25 years, and is the first to offer a panoramic sweeping account of New Zealand economic thought. Those two countries, both at the start of the twentieth century and at its end, excelled at innovative economic practices and harbouring unique economic institutions.

A History of Australasian Economic Thought explains how Australian and New Zealand economists exerted influence on economic thought and contributed to the economic life of their respective countries in the twentieth century. Besides surveying theorists and innovators, this book also considers some of the key expositors and builders of the academic economics profession in both countries. The book covers key economic events including the Great Depression, the Second World War, the post-war boom and the great inflation that overtook it and, lastly, the economic reform programmes that both Australia and New Zealand undertook in the 1980s. Through the interplay of economic events and economic thought, this book shows how Australasian economists influenced, to differing degrees, economic policy in their respective countries.

This book is of great importance to those who are interested in and study the history of economic thought, economic theory and philosophy, and philosophy of social science, as well as Australasian economics.

chapter |11 pages

Introduction

chapter 1|10 pages

Setting the scene

chapter 3|17 pages

The practical Utopia of economics

chapter 4|19 pages

Ordeal by fire

Australasian economists and the Great Depression

chapter 5|19 pages

How Keynes came to Australasia

chapter 6|16 pages

War, reconstruction and economic theory

chapter 7|39 pages

A coming of age for Australasian economics

chapter 8|16 pages

The f lowering of Australasian economics

chapter 9|29 pages

Hardly the Age of Aquarius

chapter 10|23 pages

The age of economic reform

chapter 11|13 pages

Australasian economics at century’s end