The Great Depression in Australia from the Perspective of Today

Abstract

My topic today is: What have we learnt? The Great Depression in Australia from the perspective of today. I am interested in particular in what lessons were learnt from the experience of the 1930s, and how these lessons have informed more recent economic policy decisions. By more recent economic policy decisions, I have in mind not only the policy responses to the current global financial crisis, but also the policy frameworks put in place in the modern era that have rendered the economy much more resilient to macroeconomic and financial shocks. Along the way, I will do my best to enliven the narrative with reflections on Colin Clark's life, on his perspectives on the Great Depression and the policy responses to it.

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