Abandoning Keynes : Australia's capital mistake
Author(s)
Bibliographic Information
Abandoning Keynes : Australia's capital mistake
Macmillan Press, c1997
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Note
Includes bibliographical references (p. 283-294) and index
Description and Table of Contents
Description
This analysis proposes a political explanation for the breakdown of Keynesian full employment in Australia. It taps into the current literature that examines the role of economic interests, ideas, and institutions, and, by taking issue with the arguments of anti-Keynesian economists, the book carries the argument that there was and is nothing inherently contradictory about Keynesian theory or much of its practice. Keynesianism, its imperfections notwithstanding, was overturned because of a powerful alliance of interests and ideas.
Table of Contents
Acknowledgements - Introduction - PART 1: HISTORICAL AND THEORETICAL MATTERS - Keynesian Ideas, Keynesianism, and Keynesian Social Democracy - The Initial Embrace of Keynesianism in Australia - Australian Keynesianism in the 1950s and 1960s - PART 2: THE BREAKDOWN OF THE KEYNESIAN CONSENSUS, 1972-92 - The 1970s, and the Whitlam and Fraser Periods - The Hawke Years, and the End of Keynesian Beliefs - PART 3: KEYNESIANISM AND ITS CRITICS - The Political Economy of Wages, Inflation and Unemployment - Public Expenditure and the Growth of Welfare - PART 4: PROPOSING AN ALTERNATIVE EXPLANATION - The Place of Institutions - The Role of Interests and Ideas in Policy Change - Conclusion - Bibliography - Index
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