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THE AUSTRALIAN NATIONAL UNIVERSITY RESEARCH SCHOOL of PACIFIC STUDIES DEPARTMENT of ECONOMICS ANNUAL R:LPORT, 1964 Professors Pr

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THE AUSTRALIAN NATIONAL UNIVERSITY RESEARCH SCHOOL of PACIFIC STUDIES DEPARTMENT of ECONOMICS ANNUAL R:LPORT, 1964 Professors Pr ,. THE AUSTRALIAN NATIONAL UNIVERSITY RESEARCH SCHOOL OF PACIFIC STUDIES DEPARTMENT OF ECONOMICS ANNUAL R:LPORT, 1964 Staff Professors H.W. Arndt, M.A., B.Litt., Head of Department J.G. Crawford, Kt., C.B.E., M.Ec. Professorial Fellows D.M. Bensusan-Butt, M. A. W.M. Corden, M.Com., Ph.D. Senior Fellow E.K. Fisk, M.A. Senior Research Fellow Helen Hughes, M.A., Ph.D. (from March) Research Fellows G.B. Hainsworth, B.Sc., Ph.D. B.J. McFarlane, M.Ec. R.H. Myers, M.A., Ph.D. (from June) R. T. Shand, M. Sc . Agr. , Ph.D. K.D. Thomas, M.A. Visiting Fellow T.H. Silcock, M.A., D.Phil. (from September) Research Officer W.F.M. Straatmans Research;Assistants Mrs. N. Anderson, B.A. G.R. Hogbin, B.Sc.Agr. Mrs. H.S. Morley, B.A. (part-time, from September) Mrs. H. V. Richter, M.A. Mrs. M.:L. Rowland, M.A. (part-time) Mrs. M.J . Salter, B.A. (part-time) Mrs . N. Viviani\ B.A. (part-time, from August) Research Programme The main new developments in the Department's fourth year were a decision to embark on a longer-term project of study of the Indonesian economy and the initiation of a group of studies of Australian foreign aid policy. While maintaining some interest, through work by individual staff members or students, in other countries of the Pacific region, the Department intends to concentrate a considerable part of its resources over the next few years on three countries: New Guinea, Malaysia and Indonesia. Work on New Guinea and Malaysia has been under way for some time. For the Indonesian project, which will include both surveys of current developments and more specialised monographs, additional staff is being recruited. The Foreign Aid project includes two main studies. The first, a study of Australian experience ) 2. 29/1965 •with technical assistance in the form of supply of Australian experts to developing countries, is being undertaken in co-operation with Professor Downing of the University of Melbourne. The second, a follow-up study of Australian-trained Asian students, will be undertaken by a senior research worker yet to be appointed. Mr. Bensusan-Butt and Dr. Gorden are continuing their work in the theory of growth and trade. Mr. Fisk and Dr. Shand's work on theoretical and empirical problems of the New Guinea economy has made substantial progress. Professor Silcock, at the invitation of the Department, is undertaking a two-year study of the economy of Thailand. Dr. Helen Hughes is working on problems of industrialisation and trade in South-East Asia. Dr. Myers joined the Department as a Research Fellow to work on aspects of industrialisation in China. The Department joined other Departments in the School in inviting Mr. H.A.L. Luckham to undertake a study of problems of land law in New Guinea. Several of these projects are being financed from a grant to the School by the Ford Foundation. Evidence of the range of research interests of the Department is given below in the list of publications. Students The first group of students of the Department submitted their Ph.D. theses for examination in 1964. Altogether six of the Department's students are completing their theses late in 1964 or early in 1965 (including five for the Ph.D. and one for the M.rc. degree). Two students returned from periods of field work in Malaysia; one left for field work in Indonesia to study the West Java textile industry; two others made short field trips in connection with their studies of Soviet trade with South-East Asia and of education and economic development in South-East Asia. One new student joined the Department in 1964, Tvir . Brian Lockwood, who will work on some aspect of the rural economy of ~outh-East Asia. Other Activities Professor Crawford, in addition to his duties as Director of the School and Fiscal Adviser to the Vice-Chancellor, was Deputy Chairman of the Commonwealth Government's Committee of Economic Lnquiry and, towards the end of the year, took leave to spend some months in India, as member of an IBRD-FAO mission, to study problems of Indian agriculture and food production. Professor Arndt lectured at the SEANZA Central Banking School in Karachi in February, returning via the United States for enquiries in connection with the Department's Foreign Aid project, and made a field trip to Indonesia in October. Dr. Gorden left in June for a year's study leave, to be spent partly at the London School of Economics and other Bnglish universities, partly at various research centres in the eastern United States and at Berkeley. Mr. Fisk and Dr. Shand each spent a short period on field work in New Guinea. Mr. McFarlane spent some months on field work in Belgrade, Warsaw and in India in connection with his studies of decision­ making units in planned economies. Dr. Myers left in November for field work in Taiwan and Hong Kong. The Department co-operated with the Department of International Relations in conducting a seminar on Modern Japan. 3. 29/1965 Publications ANDERSON, Nancy "Australia's Voluntary Foreign Aid Activities". Australian Outlook, 18, 2, August 1964, 127-142. ARNDT, H.W. "The Role of Central Banks and Monetary Policy in Economic Development", in SEANZA Lectures. State Bank of Pakistan, Karachi, 1964, Vol.I, 301-332. "The National Economy of Australia and Migration". International Migration, II, 1, 1964, 67-74. Australian Foreign Aid Policy. 31st Joseph Fisher Lecture in Commerce, University of Adelaide, 1964. Pp.20. "Overdrafts and Monetary Policy". Quarterly Review, Banca Nazionale del Lavoro, September 1964, 233-262. DOWNING, R.I.,:t: ARNDT, H.W., BOXER, A.H.~ MATHEWS, R.L.:t: Taxation in Australia: Agenda for Reform. M.U.P., ~:Ielbourne, 1964. Pp.xiii+ 196. BENSUSAN-BUTT, D.M. "Taxation in Australia: Agenda for More Reform?". Economic Record, 40, 90, June 1964, 226-232. CRAWFORD, J.G. Review Article: The Po ulation Crisis and the Use of World Resources (ed. Stuart Mudd . Australian Journal of Science, 27, 3, September 1964, 76-77. DRAKE, P.J. "A Note on the Balance of Payments and Money Supplies of a Colonial Monetary Economy". Social and Economic Studies, Jamaica, 13, 2, June 1964, 311-312. DAVIES, Vl.E.; DRAKE, P.J. "Flow-of-Funds Social Accounting: A Malayan Example". Malayan Economic Review, IX, 2, October 1964, 49-63. EPSTEIN, Scarlett* "Personal Capital Formation among the Tolai of New Britain", in Ca ital Savin and Credit in Peasant Societies (ed. R. Firth and B.S. Yamey . Allen & Unwin, London, 1964, 53-68. +Not a member of this University. * Based on work done while a member of the Department. \ 4. • 29/1965 FISK, E. K. Studies in the Rural Economy of South-East Asia. University of London Press, Singapore, 1964. "Special Development Problems of a Plural Society: A Rejoinder". Economic Record, 40, 89, March 1964, 121-123. "Planning in a Primitive Economy: From Pure Subsistence to the Production of a Market Surplus". Economic Record, 40, 90, June 1964, 156-174. - 11 The Subsistence Sector". Chapter III in National Income :estimates for Papua and New Guinea 1960/61-1962/63, Department of Territories, Government Printer, Canberra, 1964' 35-61 . HAINSWORTH, G.B . "The Lorenz Curve as a General Tool of :r.:conomic Analysis" . :economic Record, 40, 91, September 1964, 426-441. HOGBIN, G.R. "A Survey of Indigenous Rubber Producers in the Kerema Bay Area" . New Guinea Research Unit Bulletin, 5, August 1964. Pp.119 . HUGHES, Helen** The Australian Iron and Steel Industry, 1848-1962. M.U. P . , Melbourne, 1964. Pp . 229. HUGHES, Helen 11 Is the Concept of Take-Off Useful, Misleading or 11 Y/rong? • Business Archives and History, IV, 2, August 1964, 159-169. "The Political :economy of Nauru". Economic Record, 40, 92, December 1964. GOUGH, Marian~ HUGHES, Heleno/ McFARLANE, B.J. , PALMER, G.R~ Queensland: Industrial Enigma. M. U. P., Melbourne, 1964. Pp. xii+ 115 . McFARLANE, B. J. "Ilectricity Policies Need Lxamining 11 • Australia Unlimited, July 1964, 18-19. "China Leaps". Dissent, IV, 1, 1964, 16-18, and IV, 2, 1964, 32-33. "The Soviet Rehabilitation of N.A . Voznesensky - Economist and Planner". Australian Outlook, 18, 2, August 1964, 151-164. + Not a member of this University . **Based on work done prior to joining the University. 0 Based on work done while a member of the Department of Economic History, Research School of Social Sciences . 1 ' 29/1965 McFARLANE , B. J . , GORDIJEW, I~ "Profitability and the Soviet Firm" . Bconomic Record, 40, 92, December 1964 . MYERS, R . H . ~* CHING, Adrienne+ "Agricultural Development in Taiwan under Japanese Colonial Rule" , Journal of Asian Studies, XXIII, 4, August 1964, 555-570. PALMER, Ingrid "Problems of Deseasonalising Unemployment Statistics". Economic Record, 40, 92, December 1964. SHAND, R.T. "A Theory of Decision-l'tlaking with Multiple Criteria: Lexicographic Ordering in the Context of the Firm". Malayan Economic Review, IX, 2, October 1964, 10-23. THOMAS , K. D. "Recent Developments in Indonesia" . Australia's Neighbours, January-February 1964. Australian Institute of International Affairs (Victoria). THOMAS, K. D. , DRYSDALE, P . D. 0 Indonesia.n Inflation, 1951-1960". Economic Record, 40, 92, December 1964 . + Not a member of this University. **Based on work done prior to joining the University. .
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