Geoff Harcourt and Economic Policy: Horses for Courses?

Green, R; Harcourt, T; Junankar, PR

Geoff Harcourt and Economic Policy: Horses for Courses?

Green, R

Harcourt, T Junankar, PR

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Publisher:: Cambridge University Press (CUP)
Publication Type:: Journal Article
Citation:: Economic and Labour Relations Review, 2023, 34, (1), pp. 15-25
Issue Date:: 2023-03-03

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Field	Value	Language
dc.contributor.author	Green, R https://orcid.org/0000-0001-5936-8203
dc.contributor.author	Harcourt, T
dc.contributor.author	Junankar, PR
dc.date.accessioned	2024-01-31T23:00:39Z
dc.date.available	2024-01-31T23:00:39Z
dc.date.issued	2023-03-03
dc.identifier.citation	Economic and Labour Relations Review, 2023, 34, (1), pp. 15-25
dc.identifier.issn	1035-3046
dc.identifier.issn	1838-2673
dc.identifier.uri	http://hdl.handle.net/10453/175159
dc.description.abstract	Geoff Harcourt was a renowned economist and political activist who made a significant contribution to public policy, particularly in his home country of Australia. As a leading contributor to post-Keynesian theory, he believed a capitalist economy would not create full employment without significant policy intervention. On the labour market, he devised an approach to wage bargaining that integrated fairness with productivity growth in the context of Australia's unique institutions of conciliation and arbitration. On tariff protection, he was agnostic, preferring a more proactive industry policy grounded in post-Keynesian principles and drawing on his early work on accounting theory and practice. His economic advice to the Australian Labor Party (ALP) Committee of Inquiry in 1979 refocused policy debate around the role of incomes policy, which became the centrepiece of the Hawke-Keating Government's Accord with the trade union movement.
dc.language	en
dc.publisher	Cambridge University Press (CUP)
dc.relation	Organisation for Economic Co-operation and Development
dc.relation	University of Melbourne
dc.relation	Department of Employment (Department of Jobs and Small Business)
dc.relation	Regional Development Australia - Hunter
dc.relation	NSW Department of Premier and Cabinet
dc.relation	http://purl.org/au-research/grants/arc/DP230101282
dc.relation	http://purl.org/au-research/grants/arc/
dc.relation	Suncorp-Metway Limited
dc.relation	University of Technology Sydney
dc.relation.ispartof	Economic and Labour Relations Review
dc.relation.isbasedon	10.1017/elr.2022.4
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1402 Applied Economics, 1503 Business and Management, 1605 Policy and Administration
dc.subject.classification	3505 Human resources and industrial relations
dc.subject.classification	3801 Applied economics
dc.subject.classification	4410 Sociology
dc.title	Geoff Harcourt and Economic Policy: Horses for Courses?
dc.type	Journal Article
utslib.citation.volume	34
utslib.for	1402 Applied Economics
utslib.for	1503 Business and Management
utslib.for	1605 Policy and Administration
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/DVC (Innovation & Enterprise)
utslib.copyright.status	closed_access	*
dc.date.updated	2024-01-31T23:00:38Z
pubs.issue	1
pubs.publication-status	Published
pubs.volume	34
utslib.citation.issue	1

Abstract:

Geoff Harcourt was a renowned economist and political activist who made a significant contribution to public policy, particularly in his home country of Australia. As a leading contributor to post-Keynesian theory, he believed a capitalist economy would not create full employment without significant policy intervention. On the labour market, he devised an approach to wage bargaining that integrated fairness with productivity growth in the context of Australia's unique institutions of conciliation and arbitration. On tariff protection, he was agnostic, preferring a more proactive industry policy grounded in post-Keynesian principles and drawing on his early work on accounting theory and practice. His economic advice to the Australian Labor Party (ALP) Committee of Inquiry in 1979 refocused policy debate around the role of incomes policy, which became the centrepiece of the Hawke-Keating Government's Accord with the trade union movement.

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http://hdl.handle.net/10453/175159