Inflation and the Making of Australian Macroeconomic Policy, 194585 [Hardcover]

In the decades after World War II, inflation undermined the aspiration for full employment in Australia. This book tells the story of how the Australian state was shaped by the confrontation with monetary instability: a pre-history of neoliberalism.Contents
1. Inflation, The State And Economic Policy
1.1. Fighting Inflation First
1.1.1. The Origin Myth Of The ''New Macroeconomic Consensus''
1.1.2. From ''Keynesianism'' To ''Neoliberalism''
1.2. Explaining Policy
1.2.1. Economic Policy As An Emergent Strategic Agent
1.2.2. Thinking Like A State About Political-Economic Tensions
1.2.3. Inflation As A Policy Problem
1.3. The Structure Of This Book
1.3.1. The Long 1950s
1.3.2. The Long 1970s
Part I: The Long 1950s
2. ''External Balance'' And The Counter-Inflationary Imperative
2.1. Internalising External Balance
2.1.1. A Conflict Foretold
2.1.2. ''A Balance Of Hopes And Desires'': Bretton Woods Shapes The Constraint
2.1.3. Swan''s Way: A Contemporary Model Of Policy Coherence
2.2. Beyond Swan
2.2.1. The Stylised Facts
2.2.2. The Period As A Whole
2.2.3. Breaking Down The Period
2.2.4. Capital Inflow And Wool Boom: To 1950/51
2.2.5. Recurring Crisis: 1951/52-1960/61
2.2.6. The Reprieve: 1961/62-64/65
2.3. Rules And Strategies Of The Game
3. Inflation And The Keynesianism Of Restraint
3.1. In Everybody''s Interest
3.2. The Making Of Fiscal Policy
3.2.1. To The ''Horror Budget''
3.2.2. Fiscal Policy In The Fifties
The ''Horror Budget'' In Perspective
Another Round Of Restraint: Mid-1950s
Credit Squeeze And Aftermath: Early 1960s
3.3. Inflation Theory In The 1950s
3.3.1. Towards Dynamics
3.3.2. Cost-Push, Demand-Pull, Wagel£"