Fragile Prosperity
close menu
Bookswagon
search
My Account
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics Books > Finance and accounting > Finance and the finance industry > Banking > Fragile Prosperity: Australia's gigantic monetary gamble(1 Public Matters)
Fragile Prosperity: Australia's gigantic monetary gamble(1 Public Matters)

Fragile Prosperity: Australia's gigantic monetary gamble(1 Public Matters)


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

'Fragile Prosperity' presents a new perspective on the past five decades of economic policy in Australia. This book shows that in important respects the basic pillars of this policy are misconceived, resting on fundamental misunderstandings of money, taxation and fiscal accounting. Monetary and fiscal policies in Australia are reappraised, along with the nation's program of financial deregulation: a gigantic experiment in modern money. A new understanding is presented of the causes of inflation in Australia and the drivers of house price growth, along with associated impacts on wealth distribution and inequality. The implications are stark. While successive federal governments and Australia's central bank have given up the means to directly control the principal cause of inflation, the current method of inflation control operates like a dead hand on the non-bank economy. Australia now faces a terrible conundrum in public policy and macroeconomic management, one with urgent implications for countries with similar regulatory settings, such as Canada and New Zealand. Further afield, the story of Australia's experiment with modern money is a cautionary tale for all advanced economies.



About the Author :
Stuart Kells is Enterprise Fellow at the Melbourne Institute, University of Melbourne, and has written extensively on economics and finance. He was formerly a member of the Program in Monetary and Financial Economics at the University of Melbourne and advised the Australian Bankers Association during the Wallis Inquiry into the Australian financial system. He won the Desmond Cleary Prize in Financial Economics and the KPMG Prize in Taxation Law at the University of Melbourne. He received the Potter Warburg Scholarship in Economics and Finance and the National Australia Bank Scholarship in Economics. He has twice won the Ashurst Business Literature Prize.

Review :

'Many younger Australians no longer feel that hard work brings a better life. In this timely book, Kells reveals the deeper, actual reasons Australia is no longer a land of economic opportunity.'

Thomas Walker, CEO, Think Forward

'Stuart Kells' important book covers many aspects of money, its origins, the shifting narrative of what it is and the controls to which it has been subjected in Australia. The thrust of this excellent work is that the process and consequences of the generation of money have been widely misunderstood by regulatory and government bodies, leading Australia unwittingly clinging to a 'fragile prosperity'. He sets about offering practical solutions.'

Professor David Merrett, Professor Emeritus, Faculty of Business and Economics, University of Melbourne


Best Sellers


Product Details
  • ISBN-13: 9781760467425
  • Publisher: ANU Press
  • Publisher Imprint: Anu Press
  • Height: 178 mm
  • No of Pages: 90
  • Returnable: Y
  • Returnable: Y
  • Spine Width: 6 mm
  • Weight: 77 gr
  • ISBN-10: 1760467421
  • Publisher Date: 30 Jul 2026
  • Binding: Paperback
  • Language: English
  • Returnable: Y
  • Returnable: Y
  • Series Title: 1 Public Matters
  • Sub Title: Australia's gigantic monetary gamble
  • Width: 127 mm


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Fragile Prosperity: Australia's gigantic monetary gamble(1 Public Matters)
ANU Press -
Fragile Prosperity: Australia's gigantic monetary gamble(1 Public Matters)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Fragile Prosperity: Australia's gigantic monetary gamble(1 Public Matters)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!
    Your IP: 216.73.216.150 IN