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Why Australia Prospered – The Shifting Sources of Economic Growth - Princeton Scholarship Online
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Why Australia Prospered: The Shifting Sources of Economic Growth

Ian W. McLean


This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Beginning with the Aboriginal economy at the end of the eighteenth century, the book argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth- ... More

Keywords: Australia, economic growth, Aboriginal economy, world trading system, domestic manufacturing, living standards, European settlement

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780691154671
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691154671.001.0001


Affiliations are at time of print publication.

Ian W. McLean, author
University of Adelaide