Australia

Grinberg, N. (2023). Capital Accumulation in the “Lucky Country”: Australia from the “Sheep’s Back” to the “Quarry Economy.” Part II: The Commonwealth Period. Journal of Contemporary Asia, 53(1), 2-27.

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RESUMEN The Australian economy went from being amongst the most promising areas of “new settlement,” to producing one of the most “mediocre” rich-country performances, only to later enjoy a “miraculous” revival. This is the second part of a two-part article that presents an account of this Australian trajectory that is critical of mainstream traditions. Drawing … Leer más

Grinberg, N. (2022). Capital Accumulation in the “Lucky Country”: Australia from the “Sheep’s Back” to the “Quarry Economy.” Part I: The Colonial Period. Journal of Contemporary Asia, 52(5), 696-714.

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RESUMEN Australia is unique as the only ex-colonial economy that has remained throughout its history at the top of high-income countries despite continuously specialising in the production of raw materials for world markets. Conscious of this peculiarity, a Treasurer once warned the nation of the risk of becoming a “banana republic.” This article, the first … Leer más

Grinberg, N. (2021). Ground-Rent and Capital Accumulation in Australia. Australian Economic Review, 54(2), 231-254.

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RESUMEN: This paper presents an original estimation of the size of the ground‐rent appropriated by competing social subjects in the Australian economy over the long term, and of several economic variables necessary to accomplish that measurement. The paper also assesses the relative importance of ground‐rent in total surplus‐value and the Australian process of capital accumulation, … Leer más