Trevor Swan

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Trevor W. Swan, 1918-1989 was an Australian economist. He is best known for his work on the neoclassical model of economic growth, published simultaneously with that of Robert Solow, for his work on integrating internal and external balance, represented by the Swan diagram and for pioneering work in macroeconomic modelling, which predated that of Lawrence Klein, but remained unpublished until 1989.

He is widely regarded as the greatest economic theorist that Australia has produced, and as one of the finest economists not to receive a Nobel Prize.^[1]

[edit] Biography

Swan graduated from the University of Sydney in 1939, having studied part-time while working at the Rural Bank. He was employed in government service until 1950, and contributed to the White Paper on Full Employment which set the framework for Australian macroeconomic policy in the postwar decades. In 1950, he was appointed as the first chair of economics created at the ANU, remaining Professor of Economics until his retirement in 1983. He died in 1989.