Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are...

Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are...

The 1890s depression in Australia was both deeper and more prolonged than those in Argentina, Canada or New Zealand. In the Australian literature the severity of the depression is explained as resulting from the magnitude and speculative nature of the preceding boom and the impact of a severe...