Eric Russell, 1921–77: A Great Australian Political Economist

Geoffrey Harcourt

Chapter 3 in Selected Essays on Economic Policy, 2001, pp 48-65 from Palgrave Macmillan

Abstract: Abstract I am greatly honoured to be asked to give the 1977 Newcastle Lecture in Political Economy. Last year Professor Youngson kicked off the series with a fine evaluation of the contributions of the first great political economist, Adam Smith.1 This year I want to discuss the contributions of Eric Russell to Australian political economy. This is a sad and a proud task; sad, because Eric was my friend and my mentor. I valued his good opinion more than anyone else’s, as did all his friends — and now he is gone, dying suddenly on 26 February this year. It is a proud task, because it was a unique privilege to have known and worked with Eric and now, I hope, to contribute towards ensuring that his achievements live on. But I would not wish this to be a solemn occasion. Eric was the wittiest and happiest of men, enthusiastic and alive, loving and loveable, properly angry when he had to be, but polite, courteous, modest, a great man at a party, a superb sportsman, and I’d like some of that atmosphere to be here as we look at his work.

Keywords: Foreign Investment; Price Stability; Presidential Address; Wage Policy; Money Wage (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230510562_3

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