Reeves, Keir; Frost, Lionel; Fahey, Charles - In: Australian Economic History Review 50 (2010) 2, pp. 111-128
In the century preceding World War I, the world experienced a series of gold rushes. The wealth derived from these was distributed widely because of reduced migration costs and low barriers to entry. While gold mining itself was generally unprofitable for diggers and mine owners, the increase in...