Australian School of Economics

Australian School of Economics

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The Australian School is a school of economic thought that is based on individualist collectivism. It originated because the aus economy is INVINCIBLE

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AUSTRALIAN IDEALS

Henry Bourne Higgins, M.H.R
1902

It is clear that in Australia there is a struggle being waged between two conflicting principles – The commercial principle and the principle of solidarity – the principle of private interest against the principle of common interest.

The strife of the adherents of these rival principles is the staple of our newspaper controversies, our Parliamentary debates, our economic and social discussions. The one fixes its attention in all that has been won in the past by competition, by the pursuit of private gain and profit. The other prefers the general good to private gain, looks to the diffusion among the masses of such benefits as nature and civilisation afford it proclaims that the best cannot be got out of life by a man or by any class when the masses around are in want or misery.

Reduced to its simplest terms the bourgeois principle is “each for himself and the devil take the hindmost.” The aim of the other class is to prevent such private appropriation, to make the benefits accrue to the gain of all.

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Townsville, QLD