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T. W. Swan: “Australian War Finance and Banking Policy”

Peter L. Swan ()
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Peter L. Swan: UNSW (Sydney)

Chapter Chapter 4 in Trevor Winchester Swan, Volume I, 2022, pp 129-148 from Palgrave Macmillan

Abstract: Rarely does an economist write about funding a war, in this case during the first year of the Second World War, 1939-40. Trevor Swan begins with his attempt to set out what is recorded or can be surmised of the course of financial and monetary policy during 1939-40. He then follows this up with an analysis of banking policy over the same period and the Treasurer’s proposals for the following year. He addresses questions such as: Is it desired to “pay for the war” out of real consumption now, or to make posterity (including those of us who survive) pay in the form of a smaller volume of capital equipment.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-031-13737-2_4

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DOI: 10.1007/978-3-031-13737-2_4

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