The Power of Economic Ideas: The origins of Keynesian macroeconomic management in interwar Australia 1929-39 by Alex Millmow
English | Oct. 3, 2011 | ISBN: 1921666269 | 326 Pages | PDF | 4 MB
Economics, Keynes once wrote, can be a ‘very dangerous science’. Sometimes, though, it can be moulded to further the common good though it might need a leap in mental outlook, a whole new zeitgeist to be able do do. This book is about a transformation in Australian economists’ thought and ideas during the interwar period. It focuses upon the interplay between economic ideas, players and policy sometimes in the public arena. In a decade marked by depression, recovery and international political turbulence Australian economists moved from a classical orthodox economic position to that of a cautious Keynesianism by 1939.