Tools of Choice for Fighting Recessions

Nevile, J. W.; Kriesler, Peter

doi:10.1057/9781137475350_2

Cited by 1 publication

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“…A whole paper could be written on each major point. For those who would like a guide to the relevant literature, Nevile and Kriesler (2002) is one good place to start and many of the other chapters in the book which includes this reference may also prove helpful. Some indication of the costs of not adopting the changes set out below can be found in Nevile (2002).…”

Section: Lessons For Today7mentioning

confidence: 99%

Learning from full employment history: The 1945 Australian White Paper in practice

Nevile

2018

Econ. labour relat. rev.

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The part played by unemployment in the rise to power of Hitler weighed on the minds of leaders in Western democracies. There was a determination to create a world in which large-scale unemployment was abnormal and at worst only a temporary phenomenon. The war had shown that this was possible in a community united to pursue a common goal and the aim was to create such a community in a world free from the horrors of war, by creating communities in which the welfare of every person was important. Australia was remarkably successful in achieving this for 30 years. Its success depended on governments responding to any sustained increase in unemployment by undertaking large increases in public sector expenditure supported by accommodating monetary policy and tax cuts if desirable. In bad times as well as good, there was a determination to ensure that both the incomes and prices paid for necessities by the less well-off did not force anyone to live in poverty. The biggest obstacle to achieving this today is the growth of neoliberalism with its emphasis on ‘freedom’ or giving individuals the ability to act as they please with minimal constraints and an ideological commitment to small government. JEL Codes: E02, E61, N1, N4

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Section: Lessons For Today7mentioning

confidence: 99%

Learning from full employment history: The 1945 Australian White Paper in practice

Nevile

2018

Econ. labour relat. rev.

View full text Add to dashboard Cite

show abstract

Tools of Choice for Fighting Recessions

Cited by 1 publication

References 10 publications

Learning from full employment history: The 1945 Australian White Paper in practice

Learning from full employment history: The 1945 Australian White Paper in practice

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