A Legacy of Choice: Economic Thought and Social Policy in Australia, the Early Post-War Years Smyth, Paul en_US 2021-11-25T12:32:47Z 2021-11-25T12:32:47Z 1989 en_US
dc.description.abstract This paper reports on aspects of research towards a PhD thesis on the history of economic thought and social policy from 1945-1966. Other aspects of the research have examined historical writings dealing with the 'Keynesian Reception' in Australia to 1945 in the light of my own reading of the literature published by professional economists during the war [see Smyth (1988)]. Nearly all the historical writing on the 'Reception' has emphasised the consensus which obtained within the profession regarding the new economics. Some also claim that liberal political principles, refashioned in the 1930s, were embedded in the Keynesian analysis and diverted the labour movement from socialist theoretical goals. A reading of E R Walker, D B Copland, H C Coombs, G Firth and Bruce Williams suggests that this 'consensus' concealed a significant diversity. The enlarging economic responsibilities of government since the Depression heightened uncertainties about the fundamental premises of neoclassical market economics causing some to attempt a revival of a 'political economy'. Even those who remained within the neoclassical tradition differed strongly over the potential scope of government intervention because of their contrasting social and political ideas and values. If 'consensus' is to remain a useful term for the period of the 'Keynesian Reception', these strands of diversity must be recognised if the postwar developments in economic thought and social policy are to be fully understood. en_US
dc.identifier.isbn 0858238098 en_US
dc.identifier.issn 1031-9689 en_US
dc.language English
dc.language.iso EN en_US
dc.publisher Social Welfare Research Centre, UNSW en_US
dc.relation.ispartofseries Social Welfare Research Centre discussion papers en_US
dc.rights CC BY-NC-ND 3.0 en_US
dc.rights.uri en_US
dc.source Legacy MARC en_US
dc.subject.other Social Policy en_US
dc.subject.other Economics en_US
dc.title A Legacy of Choice: Economic Thought and Social Policy in Australia, the Early Post-War Years en_US
dc.type Working Paper en
dcterms.accessRights open access
dspace.entity.type Publication en_US
unsw.identifier.doi Sydney en_US
unsw.relation.faculty Arts Design & Architecture
unsw.relation.ispartofworkingpapernumber 9 en_US
unsw.relation.originalPublicationAffiliation Smyth, Paul, Social Policy Research Centre, Faculty of Arts & Social Sciences, UNSW en_US Social Policy Research Centre *
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