What we can learn about fighting inequality from Australia's convict past
- Written by Laura Panza, Economist, University of Melbourne
Analysis shows that while land values per acre rose at 2.2% per annum, land rents fell by 0.3% per annum in the 1800s.Powerhouse Museum/Flickr, CC BY-SAIn Australia’s first century, from initial convict settlement in 1788 to the post gold rush decades, the economy grew rapidly. And despite all the changes going on, we found that during this...
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