| Abstract: | During 1991, disquiet with the policy recommendations and ultimate economic effects of economists began to feature in debates over economic policy in Australia. One example was the emergence of a conservative critique of economic liberalism; another was the publication of Michael Pusey's research showing that ‘econocrats’, notably those in the federal bureaucracy, have distinctive, politically significant attitudes to the role of government. This paper considers the influence of economic orthodoxy as part of a broader phenomenon—the peculiarity and underdevelopment of our public institutional framework. In Australia, forms of intervention required for full employment simply do not exist. This partially explains both our comparatively poor macroeconomic performance since the 1970s and the propensity of government to embrace policies that abrogate social democratic commitments while economic conditions worsen. |
