Jump to ContentJump to Main Navigation
Why Australia ProsperedThe Shifting Sources of Economic Growth$
Users without a subscription are not able to see the full content.

Ian W. McLean

Print publication date: 2012

Print ISBN-13: 9780691154671

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691154671.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HSO for personal use (for details see http://www.universitypressscholarship.com/page/privacy-policy).date: 21 April 2018

Origins

Origins

An Economy Built from Scratch?

Chapter:
(p.37) Chapter 3 Origins
Source:
Why Australia Prospered
Author(s):

Ian W. McLean

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691154671.003.0003

This chapter considers Australia's historical narrative, beginning with an assessment of the Aboriginal contribution to the economy constructed by the first European settlers. In Europe, modern economic growth from the late eighteenth century onward occurred in the context of societies and economies that, though undergoing rapid changes in some regions and industries, also exhibited much continuity with centuries past. Furthermore, institutions and production techniques of ancient lineage persisted into the period of modernization, though undergoing varying degrees of adaptation. Similarly, when modern economic growth began in Japan in the middle of the nineteenth century, there was much to build on in terms of physical capital, human capital, social organization, and political institutions in order to facilitate the transition to industrialization and sustained higher levels of prosperity.

Keywords:   Australian history, Aboriginals, European settlers, economic growth, modernization, ancient lineage, industrialization

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.