Asks how hard should a small natural resource‐rich (NRR) country try to escape from a path of economic development which has been shaped by its physical resource endowments, a question relevant to Clem Tisdell’s own country, Australia and also New Zealand and Canada, among others. Comments...

Although it has a durable institutional shape, the operation of capitalism takes different forms across space and time with varying distributive effects. This article contributes to a growing literature considering the successive forms taken by capitalism in the developed democracies since World...