ABSTRACT

That post-Keynesian thinking has obtained at least a toehold in the Australian economics profession is due, in very large part, to the influence of Geoff Harcourt. As I suggest in the first section of this chapter, respect for (and continuing contact with) Cambridge joined with a long-standing native tradition of macroeconomic heresy to create an intellectual environment favourable to the early propagation of Keynesian ideas. In the second section I assess Harcourt’s own contribution, focusing on his first (pre-capital controversies) book and his joint editorship of the country’s one truly international journal, Australian Economic Papers. The conflicting pressures of 1970s radicalism and the return-with Ivy League doctorates-of the neoclassical vampires are described in the concluding section.