Bumps in road to prosperity

Today in The Australian
“Cecily, you will read your Political Economy in my absence”, Miss Prism instructs the young heiress in Oscar Wilde’s The Importance of Being Earnest. But, the prudish governess hastens to add, “the chapter on the Fall of the Rupee you may omit. It is somewhat too sensational. Even these metallic problems have their melodramatic side.”

About Henry Ergas

Henry Ergas AO is a columnist for The Australian. From 2009 to 2015 he was Senior Economic Adviser to Deloitte Australia and from 2009 to 2017 was Professor of Infrastructure Economics at the University of Wollongong’s SMART Infrastructure Facility. He joined SMART and Deloitte after working as a consultant economist at NECG, CRA International and Concept Economics. Prior to that, he was an economist at the OECD in Paris from the late 1970s until the early 1990s. At the OECD, he headed the Secretary-General’s Task Force on Structural Adjustment (1984-1987), which concentrated on improving the efficiency of government policies in a wide range of areas, and was subsequently Counsellor for Structural Policy in the Economics Department. He has taught at a range of universities, undertaken a number of government inquiries and served as a Lay Member of the New Zealand High Court. In 2016, he was made an Officer in the Order of Australia.
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5 Responses to Bumps in road to prosperity

  1. Blogstrop

    So the Turks are like Greeks, but with more money. And a creeping back towards islamisation as the admittedly harsh safeguards (mainly military) are rendered powerless.
    Speaking of “metallic” currencies, the renmimby will forever remind me, onomatapeically, of a cheap two-stroke motorcycle.

  2. nonmus

    Oh, where is Wayne Swan when the world needs him?

  3. stackja

    Do we cry for Argentina?

  4. Squirrel

    Surely some messages too, for Australia in all of that – perhaps ours is an “admerging” economy.

  5. blogstrop

    The rupee, on the other hand, sounds like a lentil, or something that might be smoked after dinner.

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