Trevor Winchester Swan, Volume I: Life and Contribution to Economic Theory and Policy

Contents
About the Author
List of Figures
List of Tables
1 Introduction
	Explanatory Note
	Early Life and Career
	Understanding the Great Depression
	Post-War Reconstruction and Inflation
	The Inaugural ANU Chair in Economics
	India
	Unholy Sonnet or; The Ungathered Rosebud
	The 1960–61 Credit Squeeze and Near Demise of the Menzies Government
	The Fate of the White Paper
	Major Reforms to the Income Tax System in the 1975–76 Federal Budget
	Hiving off of Finance Out of Treasury
	Floating the Dollar
	Trevor Swan’s ASIO File
	Honours Awarded to Trevor Swan
	Final Days
	Bibliography
2 T. W. Swan: “Forced Savings”
	Commentary on “Forced Savings”
	Preface
	Synopsis
		The Concept of Forced Saving
		Capital and Consumption
		Forced Saving Re-Considered
		Conclusion
	The Concept of Forced Saving
	Capital and Consumption
	Forced Saving Re-Considered
	Conclusion
	Bibliography
3 T. W. Swan: “The Economic Interpretation of J. M. Keynes”
4 T. W. Swan: “Australian War Finance and Banking Policy”
	I. Introduction
	II. Commonwealth War Finance, 1939–1940
	III. Banking Policy, 1939–1940
	                IV. Critical Analysis of the Treasurer’s Proposals for 1940–1941
	                         V. The Criteria for War-Time Financial Alternatives
	VI. Conclusion
5 T. W. Swan: “Some Notes on the Interest Controversy”
	I
	II
	III
6 T. W. Swan: Addendum to “Some Notes on the Interest Controversy”
7 T. W. Swan: “The Principle Of Effective Demand—A ‘Real Life’ Model”
	I. The Construction of the Model
	II. The Model at Work
	III. Causal Analysis: The “Contrast Between Effective Demand and Income”
	IV. What Might Have Been’
	V. The Trade Cycle
	VI. Conclusion
	Appendix
		The Choice of Units
		The Range of Validity
		The Supply Relationships
		The Demand Relationships
		The Statistical Series
		The Wage-Unit
		The Determinants
	The Dependent Variables
8 T. W. Swan: “The Role of Wages in the Australian Economy”
	I. Introduction
	II. Wages in the Non-Rural Pricing System
	III. Implications for Wages Policy
		Profitability of Enterprise
9 T. W. Swan: “Price Flexibility and Employment”
	I
	II
	III
	IV
	V
10 T. W. Swan: “Progress Report on the Trade Cycle”
	I
	II
	III
	IV
	V
	VI
11 T. W. Swan: “The Theory of Suppressed Inflation”
	I. The Global Approach
	II. Bottlenecks and Demand
	III. A “Bottleneck” Model
	IV. Conclusions for Fiscal Policy
	Appendix to The Theory of Suppressed Inflation
12 T. W. Swan: “The Anatomy of Inflation”
	I. Basic Theory
	II. The Australian Post-War Inflation
	III. The Structure of Prices and Incomes
	IV. The Influence of Demand
	V. The Future of the Australian Pound.
Index