- Title
- Australia and the Keynesian revolution
- Creator
- Millmow, Alex
- Date
- 2015
- Type
- Text; Book chapter
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/102471
- Identifier
- vital:10805
- Identifier
- http://press.anu.edu.au/publications/series/anu-lives-series-biography/seven-dwarfs-and-age-mandarins/download
- Identifier
- ISBN:978-1-925022-32-2
- Abstract
- When the Nobel prize-winning economist Joe Stiglitz visited Australia in 2010 he commended the Rudd Government’s policy response to the Global Financial Crisis as a proper and effective pre-emptive measure. The stimulus, which staved off any creeping sign of recession, bore a considerable Treasury imprint; and it could be said that the official family of economic advisers, that is, the Treasury and the Reserve Bank of Australia, were in their concerted action never so Keynesian in practice. It is appropriate then to visit the Keynesian revolution in post-war Australia recalling that three of the mandarins, Roland Wilson, John Crawford and H.C. ‘Nugget’ Coombs, were professionally trained economists. Moreover, as J.K. Galbraith reminds us, the Keynesian revolution was really a ‘mandarin revolution’, that is, an intellectually powered one.
- Publisher
- ANU Press
- Relation
- The seven dwarfs and the age of the mandarins : Australian government administration in the post-war reconstruction era Chapter 3 p. 53-79
- Rights
- Copyright © 2015 ANU Press
- Rights
- This metadata is freely available under a CCO license
- Subject
- Australia; Keynesian revolution; Mandarin revolution; Post-war
- Full Text
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