W. Max Corden
Encyclopedia
Warner Max Corden is an Australia
n economist. He is mostly known for his work on the theory of trade protection, including the development of the dutch disease
model of international trade
. He has also been active in the fields of international monetary systems
, macroeconomic policies of developing countries and Australian economics. Corden, originally German, emigrated from Nazi Germany
to Melbourne
in 1939.
. Corden graduated from the University of Melbourne
in 1950 and obtained his Ph.D. in economics at the London School of Economics
(1956). He was subsequently Nuffield Reader in International Economics and Fellow of Nuffield College at Oxford University, and from 1977 to 1988 he was Professor of Economics at the Australian National University
. Furthermore, he was Senior Advisor in the Research Department of the International Monetary Fund
from 1986 until 1988.
He then became professor and, later on, Chung Ju Yung Distinguished Professor of International Economics at the School of Advanced International Studies (SAIS), Johns Hopkins University
until he retired in late 2002. He is currently Emeritus Professor of International Economics at SAIS and a Professorial Fellow in the Department of Economics of the University of Melbourne
.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n economist. He is mostly known for his work on the theory of trade protection, including the development of the dutch disease
Dutch disease
In economics, the Dutch disease is a concept that purportedly explains the apparent relationship between the increase in exploitation of natural resources and a decline in the manufacturing sector...
model of international trade
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...
. He has also been active in the fields of international monetary systems
International monetary systems
International monetary systems are sets of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable between buyers and...
, macroeconomic policies of developing countries and Australian economics. Corden, originally German, emigrated from Nazi Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
to Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
in 1939.
Academic career
After completing high school at the academically reputed Melbourne High SchoolMelbourne High School
Melbourne High School is a selective entry state school for boys in years 9 to 12 located in the Melbourne suburb of South Yarra. Being a selective school, it is known mainly for its strong academic reputation...
. Corden graduated from the University of Melbourne
University of Melbourne
The University of Melbourne is a public university located in Melbourne, Victoria. Founded in 1853, it is the second oldest university in Australia and the oldest in Victoria...
in 1950 and obtained his Ph.D. in economics at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
(1956). He was subsequently Nuffield Reader in International Economics and Fellow of Nuffield College at Oxford University, and from 1977 to 1988 he was Professor of Economics at the Australian National University
Australian National University
The Australian National University is a teaching and research university located in the Australian capital, Canberra.As of 2009, the ANU employs 3,945 administrative staff who teach approximately 10,000 undergraduates, and 7,500 postgraduate students...
. Furthermore, he was Senior Advisor in the Research Department of the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
from 1986 until 1988.
He then became professor and, later on, Chung Ju Yung Distinguished Professor of International Economics at the School of Advanced International Studies (SAIS), Johns Hopkins University
Johns Hopkins University
The Johns Hopkins University, commonly referred to as Johns Hopkins, JHU, or simply Hopkins, is a private research university based in Baltimore, Maryland, United States...
until he retired in late 2002. He is currently Emeritus Professor of International Economics at SAIS and a Professorial Fellow in the Department of Economics of the University of Melbourne
University of Melbourne
The University of Melbourne is a public university located in Melbourne, Victoria. Founded in 1853, it is the second oldest university in Australia and the oldest in Victoria...
.
Major publications
- The Theory of Protection (1971)
- Trade Policy and Economic Welfare (1974, 1997)
- Inflation, Exchange Rates, and the World Economy (1977, 1985)
- Protection, Trade and Growth (1985)
- International Trade Theory and Policy (1992)
- Economic Policy, Exchange Rates, and the International System (1994)
- The Road to Reform (1997)
- Too Sensational: On the Choice of Exchange Rate Regimes (2002)
Honours
- Honorary Foreign Member of the American Economic AssociationAmerican Economic AssociationThe American Economic Association, or AEA, is a learned society in the field of economics, headquartered in Nashville, Tennessee. It publishes one of the most prestigious academic journals in economics: the American Economic Review...
- Fellow of the Academy of the Social Sciences in AustraliaAcademy of the Social Sciences in AustraliaThe Academy of the Social Sciences in Australia is an autonomous, non-governmental organisation, devoted to the advancement of knowledge and research in the social sciences. It was established in 1971...
(1977-) - Bernhard Harms Prize for International Economics of the Kiel Institute for the World EconomyKiel Institute for the World EconomyThe Kiel Institute for the World Economy is located in Kiel, Germany, and one of the leading economic research institutes in Germany. It is engaged in research and consulting with regard to global economic affairs, economic education and documentation...
, 1986. - President of the Economic Society of Australia and New Zealand from 1977 to 1980
- Member of the Group of ThirtyGroup of ThirtyThe Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues...
, from 1982 to 1990. - Doctorate of Commerce (honoris causa) by the University of Melbourne, 1995.
- Distinguished Fellow of the Economic Society of Australia, 1995.
- Fellow of the British AcademyBritish AcademyThe British Academy is the United Kingdom's national body for the humanities and the social sciences. Its purpose is to inspire, recognise and support excellence in the humanities and social sciences, throughout the UK and internationally, and to champion their role and value.It receives an annual...
since 1997. - Companion of the Order of AustraliaOrder of AustraliaThe Order of Australia is an order of chivalry established on 14 February 1975 by Elizabeth II, Queen of Australia, "for the purpose of according recognition to Australian citizens and other persons for achievement or for meritorious service"...
, 2001.