TY  - JOUR
AU  - Freeman,Richard B.
TI  - Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12116
PY  - 2006
Y2  - March 2006
UR  - http://www.nber.org/papers/w12116
L1  - http://www.nber.org/papers/w12116.pdf
N1  - Author contact info:
Richard B. Freeman
NBER
1050 Massachusetts Avenue
Cambridge, MA  02138
Tel: 617/868-3900
Fax: 617/868-2742
E-Mail: freeman@nber.org
AB  - This paper argues that detailed studies of particular economies, such as Bob Gregory%u2019s work on Australia, are relevant to all of economics. The paper builds on the concept of a model species from biology to develop the notion of a model economy %u2013 one whose experiences illuminate fundamental economic issues; examines the criterion for an economy to serve as a model economy; and describes three areas %u2013 labour relations and the awards system of wage-setting, marketizing public services and growth through immigration and natural resources %u2013 where Australian experience provides insights into economic behaviour and the operation of markets broadly.
ER  -