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Changing Fortunes a history of the Australian Treasury

Examines how Treasury has evolved: in its economic thinking and with its influence on policy.


I left Treasury at the end of 2016 after 32 years as an economic policy adviser to Australian governments. I’ve since written a book on the history of Treasury - from Federation but with a focus on the modern era post the 1976 split with Finance. Changing Fortunes: A History of the Australian Treasury was launched on 6 August 2019 by Peter Costello AC in Canberra and by Steve Bracks AC Melbourne on 26 August. My intention in writing the book is to contribute to the debate on the role of the public service and the evolution of economic policy making in Australia. Here are some articles on the book’s key themes.

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