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
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; originsâ€”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."