Ungoverning the economy: the political economy of Australian economic policy
Ungoverning the Economy provides a detailed and comprehensive analysis of the politics and policy dynamics of economic policy making in Australia.The book argues that in the last twenty years there has been a transformation in Australian political economy along 'economic rationalist' lines and that this marks a significant departure from Australia's relatively statist political economy tradition. The dominance of market forces represents aprocess of ungoverning the economy, at least as far as the role of elected governments in economic life is concerned. The causes and consequences of these changes are assessed in detail and the book argues that economic rationalist policies have failed to deal with Australia's most fundamentaleconomic problems. Accordingly, there is a need to rethink economic policy and the book ends with constructive suggestions for policy reform.The book is written for a broad audience and seeks to widen the scope of economic debate.
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ABS Cat Accord Anglo-Saxon Anglo-Saxon economies approach argued Australia Australian economy boom boost budget Canberra capacity capital cent central centralised changes chapter Coalition competitive coordinated corporatism corporatist countries current account deficit debt deregulation dominated economic policy economists elites enterprise bargaining example expansion exports factors federal figure financial markets financial system firms fiscal policy flexibility focus full employment global government's growth impact important incomes policy increased increasingly industrial relations industry policy inflation institutional interest rates investment involved issues Keating labour market late macroeconomic policy major manufacturing ment microeconomic reform monetarism monetary policy neoclassical neoclassicism neoliberal nomic OECD organisation particularly pattern political economy postwar Fordism pressures problems production profits protectionism public choice theory recession reduce regulation relatively restructuring role shift social strategy structure supply side tariff theory tion trade Treasury unions wage wider