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Economist as public intellectual: Max Corden’s journey through life

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  • Prema-chandra Athukorala
  • Hal Hill
  • Sisira Jayasuriya

Abstract

This paper examines the intellectual contributions of Professor W. M. (‘Max’) Corden to Economics. We focus on three main fields: trade theory and practice, especially his pioneering work on the theory of effective protection; open economy macroeconomics, including exchange rate policy, the international monetary system, Dutch Disease, and economic crises; and Australian economic policy. We emphasize Max’s motivation for working on these topics, as he sought to understand real-world economic issues and challenges, and to employ economic theory and expositional clarity in search of policy reform. We also draw attention to his personal life history, and how it has shaped his thinking on major economic and political questions.

Suggested Citation

  • Prema-chandra Athukorala & Hal Hill & Sisira Jayasuriya, 2021. "Economist as public intellectual: Max Corden’s journey through life," Departmental Working Papers 2021-11, The Australian National University, Arndt-Corden Department of Economics.
    • Handle: RePEc:pas:papers:2021-11
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    References listed on IDEAS

    as
    1. Kym Anderson, 2003. "Measuring Effects of Trade Policy Distortions: How Far Have We Come?," The World Economy, Wiley Blackwell, vol. 26(4), pages 413-440, April.
    2. Phillip Edmund Metaxas & Ernst Juerg Weber, 2016. "An Australian Contribution to International Trade Theory: The Dependent Economy Model," The Economic Record, The Economic Society of Australia, vol. 92(298), pages 464-497, September.
    3. Schmitt-Grohé, Stephanie & Uribe, Martín, 2021. "Reviving the Salter-Swan small open economy model," Journal of International Economics, Elsevier, vol. 130(C).
    4. Corbo, Vittorio & Fischer, Stanley, 1995. "Structural adjustment, stabilization and policy reform: Domestic and international finance," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 44, pages 2845-2924, Elsevier.
    5. W Max Corden & Sisira Jayasuriya, 2016. "The Japanese macroeconomic mystery," Departmental Working Papers 2016-03, The Australian National University, Arndt-Corden Department of Economics.
    6. David Greenaway & Chris Milner, 2003. "Effective Protection, Policy Appraisal and Trade Policy Reform," The World Economy, Wiley Blackwell, vol. 26(4), pages 441-456, April.
    7. William Coleman, 2006. "A Conversation with Max Corden," The Economic Record, The Economic Society of Australia, vol. 82(259), pages 379-395, December.
    8. Berglas, Eitan & Razin, Assaf, 1973. "Real exchange rate and devaluation," Journal of International Economics, Elsevier, vol. 3(2), pages 179-191, May.
    9. W. Max Corden, 2009. "The World Credit Crisis: Understanding It, and What to Do," The World Economy, Wiley Blackwell, vol. 32(3), pages 385-400, March.
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    More about this item

    Keywords

    Max Corden; trade theory; open economy macroeconomics; biography; public policy; Australia.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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