Macroeconomic Prosperity and Social Inclusion: From Long-Run History to the Shock of May 2014

Christopher Lloyd, Tony Ramsay

    Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review


    Can it seriously be doubted that social inclusion, social peace, and individual flourishing are highly desirable attributes of a good society? How macroeconomic growth is related to these is a fundamental issue for economic and social development and the policies needed to achieve them. Can an economic policy framework that is not interested in fostering social inclusion as such, only macroeconomic growth, actually somehow achieve a good social outcome?
    Socio-economic equality is at the heart of the issue, for it seems quite clear from history and the present world that a large cost of extreme inequality is social conflict and social repression. This article explores this issue through an examination of the effects of "May Shock" of 2014 in Australia that reversed trends towards social inclusion policies and introduced more extreme neo-liberalism.
    TidskriftJournal of Australian Political Economy
    Sidor (från-till)38-56
    Antal sidor19
    StatusPublicerad - 2014
    MoE-publikationstypA1 Tidskriftsartikel-refererad


    • 517 Statsvetenskap
    • 511 Nationalekonomi

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