A social structure of accumulation for long wave upswing in Australia?

Abstract

In recent years there has been a tendency in the popular press, in political debate and in some scholarly papers to talk of an 'Australian economic miracle' or 'the booming Australian economy'. So common are these recitations that they have become embedded in the popular conscience. Some contributors to this special issue of the Journal of Australian Political Economy implicitly endorse this view of a 'miracle economy'; often using GDP growth rather than GDP per capita growth as the crucial proxy. Much is made of the contribution of changes in policy, renewed enterprise, and the 'resources boom' to this apparently buoyant state of affairs.