Book chapters will be unavailable on Saturday 24th August between 8am-12pm BST. This is for essential maintenance which will provide improved performance going forwards. Please accept our apologies for any inconvenience caused.
To send content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about sending content to .
To send content items to your Kindle, first ensure email@example.com
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about sending to your Kindle.
Note you can select to send to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
This chapter examines the sustaining role of business cooperation in a small, remote economy, and the rich sources of social capital. It compares the differing pattern of business across the colonies and between city and bush, and examines the growth of firms in manufacturing. The rapid mid-century expansion in the Australian colonies provided opportunities and challenges for business. The pastoral boom that began in the 1830s and the gold rush of the 1850s motivated rapid increases in exports, immigration, per capita incomes, and transportation. The chapter interrogates major public forms of enterprise, and addresses the question of Aboriginal enterprise. Finally, the chapter investigates an important comparative question, the degree to which Australian enterprise shared in the movement towards a more scientific and generalisable approach to the practice of management that was starting to take hold in several nations towards the end of the 19th century, particularly the United States, Britain and Japan.
Over the past 30 years governments in Australia introduced a set of policies that have come to be known as microeconomic reform. This chapter provides an overview of main reforms and rationales. It describes a major area of reform, and evidence on specific effects of that reform, roughly in the sequence that the reforms occurred. Political economy has a major role in most accounts of the introduction of microeconomic reform in the 1980s and early 1990s. In particular, several factors assisted the federal Labor government of this period to introduce reforms. The reforms to regulation of the finance sector in Australia had been primarily implemented to improve the capacity to manage the macroeconomy. The chapter discusses agricultural sector, manufacturing industry, government sector, transport sector, communications sector, utilities sector, competition policy and labour market in Australia. Finally, it presents an overall assessment of the effects of microeconomic reform.
Australia's economic history is the story of the transformation of an indigenous economy and a small convict settlement into a nation of nearly 23 million people with advanced economic, social and political structures. It is a history of vast lands with rich, exploitable resources, of adversity in war, and of prosperity and nation building. It is also a history of human behaviour and the institutions created to harness and govern human endeavour. This account provides a systematic and comprehensive treatment of the nation's economic foundations, growth, resilience and future, in an engaging, contemporary narrative. It examines key themes such as the centrality of land and its usage, the role of migrant human capital, the tension between development and the environment, and Australia's interaction with the international economy. Written by a team of eminent economic historians, The Cambridge Economic History of Australia is the definitive study of Australia's economic past and present.