The Initial Embrace of Keynesianism in Australia

Tim Battin
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Tim Battin: University of New England

Chapter 2 in Abandoning Keynes, 1997, pp 33-51 from Palgrave Macmillan

Abstract: Abstract By placing the emergence and subsequent practice of Keynesianism into its historical and theoretical perspective, we may very well be able to fathom how it became unravelled.1 The present discussion, however, is not exclusively a focus on the extent or nature of the Keynesian consensus;2 more pertinent is the connection between the context of the acceptance and prominence of Keynesian social democracy, on the one hand, and the problems encountered and foreseen at the time in the new enterprise, on the other. If there is to be an insight into why there was abandonment — or at least substantial revision — of the Keynesian experiment, it is necessary for there to be an appreciation of the factors which brought it into being in the first place.

Keywords: White Paper; Full Employment; Capital Expenditure; Royal Commission; Labor Party (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14350-4_3

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DOI: 10.1007/978-1-349-14350-4_3

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