EQUALITY AND PERSONAL INCOME TAX – THE CLASSICAL ECONOMISTS AND THE KATZ COMMISSION

In reforming South Africa's personal income tax system, the Katz Commission relied heavily on equality and the constitution. It did not, however, explain its understanding of the meaning of equality in general or equality of taxation in particular, being content merely to mechanically remove what it perceived to be discriminatory words in the legislation. The meaning of equality of taxation on the other hand, was thoroughly debated by the classical economists. This article explains the classical economists' meaning of equality of taxation and demonstrates that the classical system of equality and that achieved by implementing the Katz Commission's recommendations are vastly different. In particular lower income groups, single income households and families are considerably worse off.     

URBAN HISTORY AND THE FUTURE OF AUSTRALIAN CITIES

Urban growth is a major theme in economic development and a policy imperative for developed countries that seek to create sustainable cities. We argue that the past weighs heavily on the ability of societies to sustainably manage urban environments. The policy implications of urban history are revealed in comparisons of cities across times and between places. The special issue presents some of the best recent work on the economic and social history of Australian cities. We aim to encourage historians to incorporate urban variables into studies of historical processes and to persuade policymakers to consider historical trends in their analysis.     

COMMODITY PRICE SHOCKS AND THE AUSTRALIAN ECONOMY SINCE FEDERATION*

Australia has experienced frequent and large commodity export price shocks similar to commodity exporters in Asia, Africa, and Latin America, but this price volatility has had much more modest impact on economic performance. Why? This paper explores Australian terms of trade volatility since 1901. It identifies two major price shock episodes before the recent mining‐led boom and bust. It assesses their relative magnitude, their impact on de‐industrialisation and distribution during the booms, and the labour market and policy responses to the shocks. Australia has indeed responded differently to volatile commodity prices than have other commodity exporters.     

WELFARE, ENTERPRISE, AND ABORIGINAL COMMUNITY: THE CASE OF THE WESTERN AUSTRALIAN KIMBERLEY REGION, 1968–96

This article traces the development of Aboriginal-controlled businesses and their ability to access land, labour, and finance in the Kimberley region of Western Australia. It investigates the influence of the development policies on Aboriginal commercial operations. Among other things, the implementation of a new policy – beginning in the early 1970s – saw the handing over by the state of large tracts of land, and the provision of labour and finance to Aboriginal interests. The article analyses the tension between land and enterprise as a welfare measure and as a means of commercial endeavour.     

A NOTE ON THE SUPPLY OF ECONOMISTS IN SOUTH AFRICA

If true delight you would afford him You'd give him Adam Smith to read. A deep economist, indeed, He talked about the wealth of nations; The state relied, his friends were told, Upon its staples, not on gold—This subject filled his conversations. His father listened, frowned, and groaned, And mortgaged all the land he owned.     

EVOLUTION OF PUBLIC-UTILITY INDUSTRY REGULATION: ECONOMISTS AND OTHER DETERMINANTS*

In recent history, perhaps the most notable failure to achieve general rules has been that of our regulatory agencies, particularly those charged with allocative functions… The reason for this failure lies… in the nature of the tasks assigned to these agencies; they are trying to do through adjudicative forms something that does not lend itself to accomplishment through those forms.—Lon L. Fuller .     

THE RELOCATION OF THE INTERNATIONAL MARKET FOR AUSTRALIAN WOOL

The marketplace for Australian wool relocated from London to the Australian capital cities in the half-century after 1880. This represented a major institutional shift that underpinned the development of the Australian economy and made Australia the centre of the international wool market. We analyse the principal demand and supply changes underlying this market shift. Consolidation of worsted manufacturing, demand diversification, improved transport and communications, Australian dominance of international wool production and the growth of the small grazier, shifted the relative market efficiency in favour of Australian auctions.     

AUSTRALIAN CAPITAL AND SOUTH-EAST ASIAN TIN MINING, 1906–40

This article examines the role of Australian capitalists in developing the tin dredging industry in South-East Asia. The capital intensive nature of the industry required substantial preparatory investment in prospecting, and the formation of many different kinds of alliances. The group that played the major role in demonstrating the viability of tin dredging was unable to make the transition to the mature stage of the industry. While others were more successful, most felt their properties were best administered by an English group. The dominant role played at the beginning of the century became quite marginal by the outbreak of World War II.     

INVENTION AND INNOVATION IN THE AUSTRALIAN NON‐FERROUS MINING INDUSTRY: WHOSE TECHNOLOGY?

Metalliferous mining was of major importance to the Australian economy throughout the nineteenth and twentieth centuries. The industry depended heavily on technology transfer for efficient and economical operations. The country's isolated mining fields tended to rely on adaptation rather than on invention, with toughness, portability and ease of repair and use being the prime criteria for the adoption of new machinery. This article argues that both the internationalism of the mining industry and the nature of its technology transfer blur the lines between invention, innovation and adaptation. Mining machinery, techniques and people were all highly mobile. Hence, attributing national origins to mining technology often seems irrelevant.     

‘MUTTON DRESSED AS LAMB?’ THE MISREPRESENTATION OF AUSTRALIAN AND NEW ZEALAND MEAT IN THE BRITISH MARKET,c. 1890–1914

This article examines the misrepresentation of Australasian meat in Britain, 1890–1914. Using contemporary official analyses of this practice, we investigate the alleged economic consequences for Australasian and British farmers and British consumers and discuss evidence of the extent of this misrepresentation. The need to secure 'honest trade' by compulsory marking of imported meat was the principal recommendation of several official enquiries. However, support for the legislative measures proposed to eradicate misrepresentation was far from unanimous. Overall, the evidence suggests that misrepresentation was not as serious in extent or consequence, as some contemporaries feared.     

CONTROL OF THE AUSTRALIAN LIFE INSURANCE INDUSTRY: AN EXAMPLE OF REGULATORY EXTERNALITIES WITHIN THE AUSTRALIAN FINANCIAL SECTOR 1870–1945

The regulatory environment in which the Australian life insurance industry operates has its antecedents in two major periods of legislative intervention. The first established the principle of 'freedom with disclosure' in the 1870s, which has since formed the basis of the regulatory approach. In the 1940s, the second refined the concept in the context of a general recognition of an interventionist approach to financial markets. It is suggested that regulation of the life insurance market in Australia came about not in response to problems associated with market failure but in reaction to external influences not directly related to conditions in the Australian life insurance industry. This was impacted not only on the timing of intervention but on the approach taken as well.     

THE THIRD NOEL BUTLIN LECTURE: AUSTRALIAN EXCEPTIONALISM REVISITED

In the late-nineteenth century, Australia had one of the highest levels of income per capita in the world. Over the twentieth century, Australia's exceptional position declined as its high labour force participation rate and male-skewed gender ratio gradually aligned with other countries. A similar reversion occurred in the other important components underlying Australia's high productivity, such as work hours. As the structure of the economy shifted away from a reliance on agricultural and towards manufacturing, Australia's protective attitude and restrictive business practices may have exacerbated its loss in productivity. Considerable research remains to be carried out to confirm these views.     

IDEAS FROM AUSTRALIAN CITIES: RELOCATING URBAN AND SUBURBAN HISTORY

This article draws on preliminary research into the social history of Melbourne, on the ways that suburban life in the post-World War II era provides both explanation and counterweight to persistently negative stereotypes of suburbia. Over recent decades, suburban histories have been eschewed in favour of historical reconsiderations of the inner city or the bush. The history of the Australian suburb, particularly since 1945, is yet to be written. Oral history and municipal archives will be crucial to the writing of such histories. The article suggests several research pathways, including intergenerational life stories, a wider scale of geographical analysis, and a subtler reading of cultural conformity and social differentiation.     

AUSTRALIAN IMMIGRATION ARCHIVES AS SOURCES FOR BUSINESS AND ECONOMIC HISTORY

The administration and control of immigration to Australian during the twentieth century produced a huge archive of records of individual migrants that have potential for innovative approaches to the business and economic history of ethnic minority groups. This article describes some of these records, which have mostly been used by amateur family historians, focused on those related to Chinese immigrants before the World War II and Southern Europeans immigrants after 1945. The article gives examples of how these records can be used, suggests potential research projects, and discusses briefly some of the guides available. Several images of these archival documents are reproduced.     

NEW ESTIMATES OF AUSTRALIAN PUBLIC BORROWING AND CAPITAL RAISED IN LONDON, 1849–1914

Current statistics of Australian public borrowing to 1914 suffer from several limits. On the basis of a comprehensive revision, an upward bias is shown in all the alternative time series of London borrowing, while statistics of local bond issues are derived for the first time. The new time series show the importance of the initial borrowing cycle during the 1850s and 1860s; the scale of debt repatriation from the mid-1890s; the interaction between domestic and overseas borrowing before the 1880s; and the potential significance of remittance as an 'invisible stabiliser' of the exchanges and alternative indirect source of capital imports.     

THE SUPPLY OF ECONOMIC HISTORY IN AUSTRALASIA: THE AUSTRALIAN ECONOMIC HISTORY REVIEW AT 50

In 2010, the Australian Economic History Review published its 50th volume. To mark the occasion, we present a quantitative analysis of the output of economic and business history that has appeared in its pages since 1956, and review the development of the discipline through its journal editors. Content was until recently overwhelmingly focused on Australia and New Zealand economic and business history, despite the efforts of past editors to attract more scholarship on the wider Asia‐Pacific region. Articles on Asia and the rest of the world have become more common since the late 1990s.     

AID AND DEVELOPMENT IN AFRICA: THE DEBATE, THE CHALLENGES AND THE WAY FORWARD

The article discusses the emerging literature and debates on aid, within the context of expected increases in aid flows to the continent. The trends in ODA flows indicate a reversal in aid flows to the continent since 2000, with subsequent increases in aid intensity and dependence. Although the more recent literature on aid is doubtful if aid only spurs growth in a in a good policy environment, the aid‐institutional debate indicates a clear aid‐institutional paradox, especially relating to the macroeconomic effects, the fiscal response, the absorptive capacity and the good governance aid debates. The literature further indicates that aid could serve as a barrier to vulnerable societies. From the donors' perspective, it is evident that quantity of aid does not imply quality and that the ultimate responsibility lies with recipient governments to ensure more efficient absorption of aid.