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

Format:

Book

Author/Creator:

Freeman, Richard B.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w12116.

NBER working paper series no. w12116

Language:

English

Subjects (All):

Labor economics.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Learning from Other Economies

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2006.

Cambridge : National Bureau of Economic Research, 2006.

Summary:

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.

Notes:

Print version record

March 2006.