Boyer Lectures

Professor Clark expresses his wonder, and inspires ours, at the complexity and continuing mystery of the operation of our senses.

The evolution of demand management policies, particularly monetary policy, over the past 30 years has largely been an exercise in overcoming conflict between short-term incentive and long-term stability.

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.

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?

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.

For the world's developed economies, the end of the second world war was the trigger for almost 30 years of sustained growth.

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.

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.

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?

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.