The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Swan, Trevor W. (1914–1989)

  • Paul A. Johnson
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2152

Abstract

The first professor of economics at the Australian National University, Trevor W. Swan was an Australian economist known for his foundational contributions to economic growth theory and the theory of economic policy in small open economies. Independently, he and Robert Solow simultaneously formulated what has become known as the Solow–Swan model of economic growth. He devised ‘the Swan diagram’ familiar to generations of students of international economics. A graduate of the University of Sydney, Swan became an Officer of the Order of Australia in 1988 ‘for service to education and to government particularly in the field of economics’.

Keywords

Cobb–Douglas functions Factor substitution Golden rule Harrod–Domar growth model International reserves Klein, L. R. Neoclassical growth theory Open economy macroeconomics Returns to scale Solow–Swan model Swan, T. W. Tinbergen, J. 
This is a preview of subscription content, log in to check access

Bibliography

  1. Butlin, N., and R. Gregory. 1989. Trevor Winchester Swan 1918–1989. Economic Record 65: 369–377.CrossRefGoogle Scholar
  2. Caves, R., J. Frankel, and R. Jones. 1999. World trade and payments, 8th ed. New York: Addison Wesley.Google Scholar
  3. Dixon, R. 2003. Trevor Swan on equilibrium growth with technological progress. Economic Record 79: 487–490.CrossRefGoogle Scholar
  4. Lucas, R. 1988. On the mechanics of economic development. Journal of Monetary Economics 22: 3–42.CrossRefGoogle Scholar
  5. Pitchford, J. 2002. Trevor Swan’s 1956 economic growth ‘seminar’ and notes on growth. Economic Record 78: 381–387.CrossRefGoogle Scholar
  6. Romer, P. 1986. Increasing returns and long-run growth. Journal of Political Economy 94: 1002–1037.CrossRefGoogle Scholar
  7. Solow, R. 1956. A contribution to the theory of economic growth. Quarterly Journal of Economics 70: 65–94.CrossRefGoogle Scholar
  8. Solow, R. 1997. Trevor Winchester Swan. In An encyclopedia of Keynesian economics, ed. T. Cate, G. Harcourt, and D. Colander. Cheltenham: Edward Elgar.Google Scholar
  9. Swan, P. 2006. Trevor Winchester Swan AO. ANU Inaugural Trevor Swan Distinguished Lecture, Australian National University, 23 May. Online. Available at http://www.crawford.anu.edu.au/pdf/seminars/trevor_swan.pdf. Accessed 2 Mar 2007.

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Paul A. Johnson
    • 1
  1. 1.