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Arthur Fadden: Treasurer in a golden age

Hawkins, John

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Sir Arthur Fadden served as treasurer for nine years and brought down eleven budgets. In his first budget he faced the challenges of funding military expenditure in World War II. Returning to the Treasury in the early 1950s, there were again challenging times as the Korean war boom exacerbated inflationary pressures. In response Fadden brought down the 'horror budget', the first explicitly Keynesian approach to fight inflation. Critics called it 'too much, too late' but inflation was squashed...[Show more]

dc.contributor.authorHawkins, John
dc.date.accessioned2020-12-20T20:59:14Z
dc.date.available2020-12-20T20:59:14Z
dc.identifier.issn1031-8968
dc.identifier.urihttp://hdl.handle.net/1885/218873
dc.description.abstractSir Arthur Fadden served as treasurer for nine years and brought down eleven budgets. In his first budget he faced the challenges of funding military expenditure in World War II. Returning to the Treasury in the early 1950s, there were again challenging times as the Korean war boom exacerbated inflationary pressures. In response Fadden brought down the 'horror budget', the first explicitly Keynesian approach to fight inflation. Critics called it 'too much, too late' but inflation was squashed and the economy grew well for the rest of the decade. In many ways, Fadden' period as treasurer coincided with a golden age for the Australian economy.
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherAustralia. The Treasury
dc.sourceEconomic Round-up
dc.titleArthur Fadden: Treasurer in a golden age
dc.typeJournal article
local.description.notesImported from ARIES
dc.date.issued2011
local.identifier.absfor160601 - Australian Government and Politics
local.identifier.ariespublicationu4756716xPUB207
local.type.statusPublished Version
local.contributor.affiliationHawkins, John, College of Arts and Social Sciences, ANU
local.bibliographicCitation.issue4
local.bibliographicCitation.startpage53
local.bibliographicCitation.lastpage69
local.identifier.absseo940299 - Government and Politics not elsewhere classified
dc.date.updated2020-12-20T07:34:16Z
CollectionsANU Research Publications

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