Trevor Winchester Swan, Volume II - Original PDF
نویسندگان: Peter L. Swan
خلاصه: We now come to the first set of papers which made Trevor Swan famous. When Trevor Swan moved to the chair at the ANU he continued to dwell over the problems of internal and external balance which had been concerning him as an advisor to Prime Minister Menzies and even earlier when he was developing his econometric model of the Australian economy. In particular he was concerned that the very rapid immigra- tion programme, and the investment required to equip the newly arriving migrants would lead to excess demand in the economy and so create difficulties for policymakers in their attempts to achieve full employment, low inflation and a satisfactory outcome on the balance of payments (see Swan, 1949, 1950a, 1950c, 1950d). As early as November 1952, Swan wrote a paper, Simple Algebra (1952) which is included in this volume, for a meeting of economists at the Commonwealth (Central) Bank in Sydney addressing the issue of simultaneously achieving three objectives: