Open AccessEconomic policy, external and internal, and public policy
Author(s) -
G. R. Hawke
Publication year - 2015
Publication title -
policy quarterly
Language(s) - English
Resource type - Journals
eISSN - 2324-1101
pISSN - 2324-1098
DOI - 10.26686/pq.v11i2.4538
Subject(s) - honour , economics , per capita , growth theory , point (geometry) , neoclassical economics , per capita income , mathematical economics , positive economics , sociology , political science , mathematics , law , demography , geometry , population
Ross Garnaut delivered a Holmes Lecture superbly crafted to honour Frank Holmes. His economic theory is deployed discreetly. Not only does his lecture have diagrams but no equations, but also most of the theorising is implicit. It is, however, sophisticated and carefully developed. Perhaps the influence of economic theory is most apparent in the concept of ‘maturation’ of economic growth, the eventually spreading of economic growth across all societies, with an implicit end-point when all have a common real per capita income and rate of growth.