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Economic fluctuations in Australia, 1948 to 1964

Waterman, Anthony Michael C


In November 1960 the Australian Government brought in emergency economic measures to avert a balance of payments crisis. The stock market collapsed, unemployment rose sharply, and for the two next years there were signs of recession. The episode has been described as Australia{u2019}s {u2018}first independent slump{u2019}, and the government was strongly criticised. Dr Waterman was deeply sceptical of the explanations put forward at the time, some of which have passed into folklore, and began a...[Show more]

CollectionsANU Press (1965-Present)
Date published: 1972
Type: Book
Access Rights: Open Access


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