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Introduction

In: Trevor Winchester Swan, Volume I

Author

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  • Peter L. Swan

    (UNSW (Sydney))

Abstract

This is Volume I of a two-volume set. It describes Trevor Swan’s life, and his contributions, together with major articles and papers, 1937-1950. While Swan counted among his friends, Nobel Laureates, James Meade and Bob Solow, and his world’s first quarterly macroeconomic model of the Great Depression came before that of Nobel Laureate Lawrence Klein’s, he could easily have shared their awards. In his famous “Swan Diagram”, beloved of students of macroeconomics world-wide, his four zones of economic unhappiness describe the problems of internal and external balance. He then proposed how economies grew based on capital deepening and technical progress, giving rise to the Solow-Swan model of economic growth. He advised every Australian prime minister from Sir Robert Menzies to Bob Hawke and Paul Keating and had a profound effect on the Australian economy.

Suggested Citation

  • Peter L. Swan, 2022. "Introduction," Palgrave Studies in the History of Economic Thought, in: Trevor Winchester Swan, Volume I, chapter 0, pages 1-95, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-031-13737-2_1
    DOI: 10.1007/978-3-031-13737-2_1
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