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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 3 | leftPrevious Review Next Review right

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Book(s) Reviewed

Why Australia Prospered: The Shifting Sources of Economic Growth by Ian W. McLean

Published By: Princeton Economic History of the Western World series. Princeton and Oxford: Princeton University Press
ISBN: 978-0-691-15467-1
Date of Publication: 2013


Book Review Detail

Reviewed by: Andrew Leigh of House of Representatives, Australian Parliament
Review DOI: 10.1257/jel.51.3.883.r12
Review Pages: 908-11

Book Review Abstract

Andrew Leigh of House of Representatives, Australian Parliament reviews, "Why Australia Prospered: The Shifting Sources of Economic Growth" by Ian W. McLean. The Econlit abstract of this book begins: "Explores Australia's early attainment, and then retention over a century and a half, of a very high level of economic prosperity, and examines more recent periods of prosperity. Discusses weaving analysis and narrative; what is to be explained, and how; origins—an economy built from scratch?; squatting, colonial autocracy, and imperial policies; becoming very rich; depression, drought, and federation; a succession of negative shocks; the Pacific War and the second golden age; shocks, policy shifts, and another long boom; and the shifting bases of prosperity. McLean is Visiting Research Fellow in Economics at the University of Adelaide."


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Book Review Authors

Andrew Leigh of House of Representatives, Australian Parliament


JEL Classifications

E23: Macroeconomics: Production
E32: Business Fluctuations; Cycles
N17: Economic History: Macroeconomics; Growth and Fluctuations: Africa; Oceania
N47: Economic History: Government, War, Law, and Regulation: Africa; Oceania
O47: Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence


Journal of Economic Literature


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