The Economic Consequences of Economists

Dow G. (1992) The Economic Consequences of Economists. Australian Journal of Political Science, 27 2: 258-281. doi:10.1080/00323269208402194


Author Dow G.
Title The Economic Consequences of Economists
Journal name Australian Journal of Political Science   Check publisher's open access policy
ISSN 1363-030X
Publication date 1992-07-01
Sub-type Article (original research)
DOI 10.1080/00323269208402194
Volume 27
Issue 2
Start page 258
End page 281
Total pages 24
Subject 3312 Sociology and Political Science
Abstract During 1991, disquiet with the policy recommendations and ultimate economic effects of economists began to feature in debates over economic policy in Australia. One example was the emergence of a conservative critique of economic liberalism; another was the publication of Michael Pusey's research showing that ‘econocrats’, notably those in the federal bureaucracy, have distinctive, politically significant attitudes to the role of government. This paper considers the influence of economic orthodoxy as part of a broader phenomenon—the peculiarity and underdevelopment of our public institutional framework. In Australia, forms of intervention required for full employment simply do not exist. This partially explains both our comparatively poor macroeconomic performance since the 1970s and the propensity of government to embrace policies that abrogate social democratic commitments while economic conditions worsen.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import
 
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Created: Tue, 28 Jun 2016, 08:00:23 EST by System User