The Hawke Years and the End of Keynesian Beliefs

Tim Battin
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Tim Battin: University of New England

Chapter 5 in Abandoning Keynes, 1997, pp 107-120 from Palgrave Macmillan

Abstract: Abstract Even though many have dated the death of Keynesianism at around the time of the mid-1970s, there is good reason to suggest that as recently as the last days of Bill Hayden’s Labor leadership, when an accord between the Labor Party and the trade unions (through the ACTU) was drafted, Keynesian beliefs were still discernible to some extent. At least, this was the case within the ALP. Gone was any sense of cross-party consensus on the efficacy of Keynesian macro-economic management, let alone the feasibility of Keynesian full employment. For this reason, the focus of discussion of this chapter will be on the Australian Labor Party.

Keywords: Superannuation Fund; Budget Deficit; Full Employment; Green Paper; Labour Market Program (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_6

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DOI: 10.1007/978-1-349-14350-4_6

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