History of Economics Review

Articles from Vol. 36, Summer

A Century of Vertical Fiscal Imbalance in Australian Federalism
Abstract: After a century of Australian fiscal federalism, while the problems posed by horizontal fiscal imbalance have largely been resolved, the thorny issue of vertical fiscal imbalance remains. After reviewing the evolution of economic doctrine...
A Conversation with Peter Groenewegen
Abstract: The text of an interview, by Brian Dollery, with the eminent historian of economic thought, Professor Peter Groenewegen. The conversation includes details of Groenewegen's early life and education, together with a lengthy discussion of his...
A Note on the Debate over 'Economic Rationalism' in Australia: An Application of Albert Hirschman's Rhetoric of Reaction
Abstract: Applies Albert Hirschman's 'rhetoric of reaction' to the post-1980 controversy over 'economic rationalism', that is, the applicability of mainstream economic logic to the reform of the Australian economy. Argues that this sheds light not...
Australia's 'Employment Approach' to International Postwar Reconstruction: Calling the Bluff of Multilateralism
Abstract: In the 1940s Australian economists sought an international agreement that would bind countries to the pursuit of full employment. Seen as a necessary prerequisite to agreements on monetary and commercial policy, the 'employment approach'...
Heinz Wolfgang Arndt (1915-2002)
On 6 May 2002 Professor Heinz Arndt, aged 87, died as he drove through the campus of the ANU on his way to give the eulogy at the funeral of his friend and former colleague, Sir Leslie Melville. Although Heinz had retired from his chair at the ANU...
Hicks's the Theory of Wages: Its Place in the History of Neoclassical Distribution Theory
Abstract: Argues that J.R. Hicks's 1932 book, The Theory of Wages, foreshadows a number of important later developments in Hicks's theory, including some significant contributions to neoclassical distribution theory. These developments include a reformulation...
Keith Frearson on Roy Harrod, as Told to Geoff Harcourt
Abstract: The first part reproduces the manuscript of Keith Frearson's hitherto unpublished notes on 'Harrod's dynamics', which constitute a prelude to his important article on this subject in the June-December 1964 issue of Australian Economic Papers....
One Hundred Years from Today
J.A. Hobson. Imperialism: A Study. London: James Nisbet. 1902. In the 1870s the word 'imperialism', associated from 1852 with the policies of the second French Empire, came to be applied to the foreign policy of Disraeli, which was aimed at the...
R.C. Mills (1886-1952) and Australian Fiscal Federalism, with Special Reference to the Methodology of the Grants Commission
Abstract: Provides some biographical background on the Australian economist, R.C. Mills. Outlines his position on federal financial relations between 1928 and 1935 and discusses his involvement with the Grants Commission, 1941-1945. Concludes that...
Sir Leslie Galfreid Melville (1902-2002)
The death of Sir Leslie Melville last April marks a significant milestone in Australian economic history. Melville was the last link with a pioneering, nation-building generation of interwar economists that made the name of Australian economics (1)....
Teaching Economics Historically
Introduction A common morning tea discussion topic at History of Economic Thought Society conferences is the declining possibilities for teaching history of thought courses in Australian universities. Similar trends overseas have been discussed...
The Comparative Sociology of Environmental Economics in the Works of Henry Carey and Karl Marx
Abstract: Sets out the views first of Henry Carey and then of Karl Marx on the significance of resource scarcity for the economic development of advanced capitalist societies. Concludes that both emphasised reproduction costs, pointing the way to an...
Unity in the Influences on Adam Smith
Abstract: Argues that the principal influences on Adam Smith stem from the same source, namely, Francis Hutcheson. This is true both of the religious and Stoic influences on Smith and also (indirectly) of the influence on him of David Hume. Concludes...
W. Brian Reddaway (1913-2002)
With the death of the English economist, W. Brian Reddaway, Australia has now lost the last living link with practising economists of the interwar period. Reddaway died on July 23 2002 after a brief illness. This obituary highlights the interwar Australian...