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*I wish to register my debt to the late Don Patinkin. The interest we shared in the subject, and his generosity in sharing it, has provided me, and I think also him, with many a pleasant moment.
craufurd D. Goodwin very generously unearthed and put at my disposal notes he had taken in preparation for his book on Australian economic thought (Goodwin 1966). I would also like to thank the Reserve Bank of Australia, without whose grant of a Research Fellowship in Economic Policy, taken up at the Australian National University in 1979/80, this paper would never have come to be written, and for which this misuse of it I hope to be forgiven.
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