Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under

• RICHARD B. FREEMAN ^[1]
  1. [1] Harvard University

     Harvard University

     City of Cambridge, Estados Unidos

     
• Localización: Economic record, ISSN 0013-0249, Vol. 82, Nº. 257, 2006, págs. 195-206
• Idioma: inglés
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• Resumen

  • 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, marketising public services and growth through immigration and natural resources – where Australian experience provides insights into economic behaviour and the operation of markets broadly.