This book offers the first intellectual biography of the Anglo
Australian economist, Colin Clark. Despite taking the economics world by
storm with a mercurial ability for statistical analysis, Clark's work
has been largely overlooked in the 30 years since his death. His career
was punctuated by a number of firsts. He was the first economist to
derive the concept of GNP, the first to broach development economics and
to foresee the re-emergence of India and China within the global
economy. In 1945, he predicted the rise and persistence of inflation
when taxation levels exceeded 25 per cent of GNP. And he was also the
first economist to debunk post-war predictions of mass hunger by arguing
that rapid population growth engendered economic development. Clark
wandered through the fields of applied economics in much the same way as
he rambled through the English countryside and the Australian bush. His
imaginative wanderings qualify him as the eminent gypsy economist for
the 20th century.