Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under / Richard B. Freeman.

By:

Freeman, Richard B

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w12116.Publication details: Cambridge, Mass. National Bureau of Economic Research 2006.Description: 1 online resource: illustrations (black and white)Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: This paper argues that detailed studies of particular economies, such as Bob Gregory's work on Australia, are relevant to all of economics. The paper builds on the concept of a model species from biology to develop the notion of a model economy -- one whose experiences illuminate fundamental economic issues; examines the criterion for an economy to serve as a model economy; and describes three areas -- labour relations and the awards system of wage-setting, marketizing public services and growth through immigration and natural resources -- where Australian experience provides insights into economic behaviour and the operation of markets broadly.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w12116 (Browse shelf(Opens below))	Not For Loan

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March 2006.

This paper argues that detailed studies of particular economies, such as Bob Gregory's work on Australia, are relevant to all of economics. The paper builds on the concept of a model species from biology to develop the notion of a model economy -- one whose experiences illuminate fundamental economic issues; examines the criterion for an economy to serve as a model economy; and describes three areas -- labour relations and the awards system of wage-setting, marketizing public services and growth through immigration and natural resources -- where Australian experience provides insights into economic behaviour and the operation of markets broadly.