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Was the First World War Disturbing or Reinforcing of Australia's Economic Model?

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  • William Coleman

Abstract

The paper argues there is little evidence that the First World War quickened the currents of development of the Australian economy of twentieth century. It instead suggests the War was reinforcing of the Deakinite model of economic management that already been established in Australia by the outbreak of War. It did so by enlarging the tenet of æprotection plus preferenceÆ that had been inscribed in the pre-War policy consensus; by strengthening the revenue and legal authority of the central state basic to the Deakinite framework of economic governance; and by assimilating rural interests into the terms of that framework.

Suggested Citation

  • William Coleman, 2015. "Was the First World War Disturbing or Reinforcing of Australia's Economic Model?," CEH Discussion Papers 034, Centre for Economic History, Research School of Economics, Australian National University.
    • Handle: RePEc:auu:hpaper:034
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    File URL: https://cbe.anu.edu.au/researchpapers/CEH/WP201504.pdf
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    References listed on IDEAS

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    1. Broadberry,Stephen & Harrison,Mark (ed.), 2005. "The Economics of World War I," Cambridge Books, Cambridge University Press, number 9780521852128, November.
    2. Campbell, Keith O., 1973. "The State Marketing Board: Relic Or Prototype?," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 17(3), pages 1-10, December.
    3. Feinstein, Charles H. & Temin, Peter & Toniolo, Gianni, 2008. "The World Economy between the World Wars," OUP Catalogue, Oxford University Press, number 9780195307559.
    4. Keith O. Campbell, 1973. "The State Marketing Board: Relic Or Prototype?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 17(3), pages 179-188, December.
    5. Douglas A. Irwin, 2010. "Trade Restrictiveness and Deadweight Losses from US Tariffs," American Economic Journal: Economic Policy, American Economic Association, vol. 2(3), pages 111-133, August.
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    More about this item

    Keywords

    World War One; imperial preference; Australian settlement; agrarianism;
    All these keywords.

    JEL classification:

    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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