Podcast of the Day-The Search for Stability

Ian Macfarlane, former governor of the Reserve Bank of Australia is giving the Boyer Lectures for this year. The focus is macroeconomics titled The Search for Stability.

Listen to the first lecture- The Golden Age
The end of the second world war ushered in an era of incomparable economic growth. In the era of post-war reconstruction the world's developed countries would enjoy a 'golden age' of low inflation and full employment. Guided by the theories of John Maynard Keynes, governments became increasingly confident in how to apply macroeconomic policy. Ian Macfarlane examines why this prolonged stability led some to proclaim that business cycles and recessions were things of the past. By the early 1970s it was clear such optimism was misplaced.

Here is the transcript.


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This page contains a single entry by Paul published on November 12, 2006 2:15 PM.

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