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Index
Cover Title Page Copyright Contents List of Figures List of Tables Preface and Acknowledgments Map Chapter 1 Introduction: Weaving Analysis and Narrative Chapter 2 What Is to Be Explained, and How
Comparative Levels of GDP Per Capita Booms, Busts, and Stagnation in Domestic Prosperity Other Indicators of Economic Prosperity From Evidence to Analysis Extensive Growth and Factor Accumulation Growth Theory and Australian Economic Historiography Recent Themes in Growth Economics
Chapter 3 Origins: An Economy Built from Scratch?
The Pre-1788 Economy of the Aborigines The Aboriginal Contribution to the Post-1788 Economy The Convict Economy and Its Peculiar Labor Market Further Features of the Economy Relevant to Later Prosperity British Subsidies and Australian Living Standards
Chapter 4 Squatting, Colonial Autocracy, and Imperial Policies
Why the Wool Industry Was So Efficient Evolution of Political Institutions: From Autocracy to Responsible Government The Labor Market: Ending Transportation, Preventing Coolie Immigration Thwarting the Squatters: Land Policies to 1847 Other Determinants of Early Colonial Prosperity The Argentine Road Not Taken
Chapter 5 Becoming Very Rich
The Economic Effects of Gold: Avoiding the Resource Curse Sustaining Economic Prosperity Following the Rushes Consolidating Democracy and Resolving the Squatter-Selector Conflict Openness and Growth Rural Productivity and Its Sources
Chapter 6 Depression, Drought, and Federation
Explaining Relative Incomes Eating the Seed Corn? Boom, Bubble, and Bust: A Classic Debt Crisis Why Was Recovery So Slow? Comparison with Other Settler Economies Tropics, Crops, and Melanesians: Another Road Not Taken Economic Effects of Federation Accounting for the Loss of the “Top Spot” in Income Per Capita
Chapter 7 A Succession of Negative Shocks
Why Was the Economic Impact of World War I So Severe? Why No Return to Normalcy? Pursuing Rural Development—A Field of Dreams? Growth in Other Settler Economies Debt Crisis, Then Depression—Policy Responses and Constraints Imperial Economic Links—Declining Net Benefits Could the Post-1960 Mineral Boom Have Occurred Earlier? The Debate over Stagnant Living Standards
Chapter 8 The Pacific War and the Second Golden Age
Why the Pacific War Fostered Domestic Growth The Golden Age Was Not Uniquely Australian Export Growth, Factor Inflows, and the Korean War Wool Boom Macroeconomic Theory and Policies—What Role? Location Advantage: Asian Industrialization and Changing Trade Partners High Tide for Australian Industrialization Underinvestment in Human Capital? The Debate over Postwar Growth Performance
Chapter 9 Shocks, Policy Shifts, and Another Long Boom
Why Did the Postwar Economic Boom End? The Reemergence of a Booming Mining Sector Macroeconomic Management in the 1970s Economic Policy Shifts in the 1980s Reevaluations The Quarry Economy: The Return of Resources-Based Prosperity The Contribution of Economic Reforms to Productivity Sustaining Prosperity through Boom and Bubble—A Historical Perspective
Chapter 10 The Shifting Bases of Prosperity Appendix Note on Statistics and Sources References Index
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