| Description |
1 online resource (299 pages) |
| Series |
The Princeton Economic History of the Western World |
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Princeton economic history of the Western world.
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| Contents |
Cover; Why Australia Prospered; THE PRINCETON ECONOMIC HISTORY OF THE WESTERN WORLD; Title; Copyright; Contents; List of Figures; Figures; List of Tables; Tables; Preface and Acknowledgments; Map; CHAPTER 1 Introduction: Weaving Analysis and Narrative; CHAPTER 2 What Is to Be Explained, and How; Comparative Levels of GDP Per Capita; Figure 2.1 Comparative GDP per capita, selected years, 1820 to 2008.; Booms, Busts, and Stagnation in Domestic Prosperity; Table 2.1 Economic and population growth rates by period, annual average percentages, 1850 to 2010 |
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Figure 2.2 Population increase per decade, 1790 to 2009. Other Indicators of Economic Prosperity; Figure 2.3 Growth rate of GDP per capita by period, 1850 to 2010.; Figure 2.4 Distribution of top incomes, 1921 to 2003.; From Evidence to Analysis; Extensive Growth and Factor Accumulation; Growth Theory and Australian Economic Historiography; Recent Themes in Growth Economics; CHAPTER 3 Origins: An Economy Built from Scratch?; The Pre-1788 Economy of the Aborigines; The Aboriginal Contribution to the Post-1788 Economy; The Convict Economy and Its Peculiar Labor Market |
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Further Features of the Economy Relevant to Later ProsperityBritish Subsidies and Australian Living Standards; CHAPTER 4 Squatting, Colonial Autocracy, and Imperial Policies; Why the Wool Industry Was So Efficient; Figure 4.1 Wool trade, 1822 to 1850.; Evolution of Political Institutions: From Autocracy to Responsible Government; The Labor Market: Ending Transportation, Preventing Coolie Immigration; Thwarting the Squatters: Land Policies to 1847; Other Determinants of Early Colonial Prosperity; The Argentine Road Not Taken; CHAPTER 5 Becoming Very Rich |
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The Economic Effects of Gold: Avoiding the Resource CurseSustaining Economic Prosperity Following the Rushes; Figure 5.1 Mining shares of total employment and GDP, 1849 to 2009.; Consolidating Democracy and Resolving the Squatter-Selector Conflict; Openness and Growth; Figure 5.2 Export and trade ratios, 1825 to 2009.; Figure 5.3 Government debt as a percentage of GDP, 1854 to 1914.; Rural Productivity and Its Sources; CHAPTER 6 Depression, Drought, and Federation; Explaining Relative Incomes; Figure 6.1 GDP per capita, 1889 to 1914.; Eating the Seed Corn? |
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Boom, Bubble, and Bust: A Classic Debt CrisisFigure 6.2 Foreign debt-servicing ratio, 1861 to 1983.; Why Was Recovery So Slow? Comparison with Other Settler Economies; Figure 6.3 Victoria: government revenue, expenditure, and defi cit, 1890 to 1914.; Figure 6.4 Growth indicators: Argentina, Australia, and Canada, 1890 to 1913.; Tropics, Crops, and Melanesians: Another Road Not Taken; Economic Effects of Federation; Accounting for the Loss of the "Top Spot" in Income Per Capita; CHAPTER 7 A Succession of Negative Shocks; Figure 7.1 Alternative estimates of GDP per capita, 1914 to 1939 |
| Summary |
This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and gr |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Economic development -- Australia
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BUSINESS & ECONOMICS -- Development -- Business Development.
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BUSINESS & ECONOMICS -- Development -- Economic Development.
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BUSINESS & ECONOMICS -- Development -- General.
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BUSINESS & ECONOMICS -- Government & Business.
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BUSINESS & ECONOMICS -- Structural Adjustment.
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POLITICAL SCIENCE -- Public Policy -- Economic Policy.
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Economic development
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Economic policy
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Wirtschaftsentwicklung
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| SUBJECT |
Australia -- Economic policy -- 21st century
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| Subject |
Australia
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Australien
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| Form |
Electronic book
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| LC no. |
2012008056 |
| ISBN |
9781400845439 |
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1400845432 |
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9781283683562 |
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1283683563 |
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