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Economic and Political Logics in the Restructuring of the Australian Domestic Aviation Industry in the 1980s
Author(s) -
Painter Martin
Publication year - 2001
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/1467-8446.00074
Subject(s) - restructuring , politics , aviation , victory , market economy , government (linguistics) , product (mathematics) , variety (cybernetics) , economics , set (abstract data type) , political economy , business , economic policy , political science , law , finance , linguistics , philosophy , geometry , mathematics , engineering , artificial intelligence , computer science , programming language , aerospace engineering
What brought about the restructuring of the Australian domestic aviation industry in the 1980s in Australia? Rather than being the product a radical shift in policy, the ‘triumph of economic rationalism’ or the victory of one set of interests over another, it was a case of the decay and dissolution of an inappropriate set of institutional arrangements. Changes in the market and in political forces prompted industry actors to undermine and challenge a prevailing set of government policies and market rules. A variety of commercial, legal, administrative and political arenas were the institutional sites for these events. Policy change and a new set of rules of the game were not so much imposed from above, as registered at the conclusion of events.