Boyer Lectures

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Dec 10, 2006 • 30min

Lecture 5: The Long Expansion

The 1990 recession returned Australia to low inflation and paved the way for the sort of stability—15 years and counting—that earlier recessions had failed to achieve. Through the 1990s sustained economic growth re-emerged, and a new approach to monetary policy based on inflation targeting and central bank independence was put in place.
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Dec 3, 2006 • 29min

Lecture 4: The Recession of 1990 and its Legacy

Finance excess saw boom turn to bust, and Australia experience its third recession in a quarter of a century. Then-treasurer Paul Keating would infamously observe it was 'the recession we had to have.' Perhaps it was—or was it caused by overly tight monetary policy?
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Nov 26, 2006 • 32min

Lecture 3: Reform and Deregulation

By the 1970s the world's developed economies were stuck in the worst position they had been in since the Great Depression of the 1930s.
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Nov 19, 2006 • 30min

Lecture 2: From Golden Age to Stagflation

For the world's developed economies, the end of the second world war was the trigger for almost 30 years of sustained growth.
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Nov 12, 2006 • 27min

Lecture 1: The Golden Age

The end of the second world war ushered in an era of incomparable economic growth. In the era of post-war reconstruction the world's developed countries would enjoy a 'golden age' of low inflation and full employment. Guided by the theories of John Maynard Keynes, governments became increasingly confident in how to apply macroeconomic policy.
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Dec 21, 2003 • 28min

Lecture 6: Punching Above Our Weight?

Owen Harries summarises the four traditions of American foreign policy as identified by Walter Russell Mead, and conducts a similar overview of Australia's foreign policy traditions. Against this background, he looks at the policy of the Howard government over the last year and a half – the policy of unhesitating, unqualified and conspicuous support for the United States in its wars against terrorism and against Iraq.
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Dec 14, 2003 • 32min

Lecture 5: Challengers

Throughout history, hegemons have been challenged. What challengers is the United States likely to face in coming decades? Owen Harries assesses the prospects of the two most likely sources of challenge to American dominance, China and a united Europe. He looks at military, economic and political capabilities, and at the effects that demographic changes will have on them as well as on America itself. But will America's biggest potential threat be America itself?
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Dec 7, 2003 • 34min

Lecture 4: Civilisations and Cultures - Clashing or Merging?

Until recently cultures and the differences between them have played but a small role in the study of international politics. This is because virtually all serious relations between states took place within western civilisation. Owen Harries looks at how this has changed as a result of two interrelated processes: first, because of the spectacular - and in many cases unanticipated - economic progress of some non-western states; and second, because of the rapid progress of globalisation and modernisation.
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Nov 30, 2003 • 29min

Lecture 3: A Democratic World

As Owen Harries discussed in his previous lecture, America has proclaimed a policy of assertively promoting democracy around the world. Almost 30 years ago some commentators predicted that democracy was in decline, but such predictions have not come to pass - and indeed the reverse could be said to be true.
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Nov 23, 2003 • 28min

Lecture 2: Taking on Utopia

In his second lecture Owen Harries details how the United States has evolved since the fall of the Soviet Union. In the first decade it failed to define and activate a grand purpose of mission in line with its status as the sole superpower. September 11 2001 changed that, giving the country the clear purpose that had been lacking, with influence shifting to those who believed that the country's destiny was to reshape the world. 9/11 was not a disaster merely to be avenged, but an opportunity to reawaken and, some say, direct America back to its true historical mission.

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