Fellows Detail

Professor Tony Aspromourgos

BEc(Hons1) (Queensland), MComm (Econ) (Melbourne), MA (Pol Sci) (Chicago), PhD (Econ) (Sydney)

Elected: 2011

Discipline: Economics

Specialisation: History of Economic Thought, Macroeconomic Theory, Heterodox Economics


Professor Tony Aspromourgos is Professor of Economics in the School of Economics, University of Sydney. Professor Aspromourgos specialises in the history of economic thought, monetary economics and macroeconomics. His most recent research activities are concerned with the thought of Adam Smith, John Maynard Keynes' policy views, and the question of public debt sustainability.


  • Lecturer in Economics, University of Sydney (1985 - 1989)
  • Senior Lecturer in Economics, University of Sydney (1990 - 1997)
  • Associate Professor of Economics, University of Sydney (1998 - 2005)
  • Professor of Economics, University of Sydney (2006 - )


Tony Aspromourgos (2009), John Maynard Keynes and the Preservation of Liberal Capitalism, in Australian Quarterly, Vol 81 (No 4): 17-24

Tony Aspromourgos (2009), The Science of Wealth: Adam Smith and the Framing of Political Economy. London: Routledge

Tony Aspromourgos, D Rees and G White (2010), Public Debt Sustainability and Alternative Theories of Interest, in Cambridge Journal of Economics, Vol 34 (No 3): 433-447

Tony Aspromourgos (2010), The Great Financial Crisis, the (Brief?) Revival of Keynesianism and the Question of Public Debt, in Australian Review of Public Affairs Digest, September Issue. http://www.australianreview.net/digest/2010/09

Tony Aspromourgos (2011), Adam Smith and the Division of Labour among the Social Sciences, in Review of Political Economy, Vol 23 (No 1): 81-94

Tony Aspromourgos (2011), Can (and Should) Monetary Policy Pursue a Zero Real Interest Rate, Permanently?, in Metroeconomica, Vol 62 (No 4): 635-655

(2011) ‘On Some Materials from the “Petty Papers” Archive, Relevant to the Beginnings of the Surplus Approach’, in R. Ciccone, C. Gehrke and G. Mongiovi (eds) Sraffa and Modern Economics, vol. 1 (Abingdon, UK: Routledge): 423–33

(2012) ‘Entrepreneurship, Risk and Income Distribution in Cantillon’s Essai’, in C. Gehrke, N. Salvadori, I. Steedman and R. Sturn (eds) Classical Political Economy and Modern Theory: Essays in Honour of Heinz Kurz (London: Routledge): 105–19

(2012) ‘Keynes’s General Theory After 75 Years: Chapter 24 and the Character of “Keynesian” Policy’, Economic Record Vol 88 (Special Issue, June): 149–57

(2012) ‘The Machine in Adam Smith’s Economic and Wider Thought’, Journal of the History of Economic Thought Vol 34 (No 4): 475–90

(2012) ‘The Managerialist University: an Economic Interpretation’, Australian Universities Review Vol 54 (No 2): 44–49

(2013) ‘Adam Smith on Labour and Capital’, in C.J Berry, M.P. Paganelli and C. Smith (eds) The Oxford Handbook of Adam Smith (Oxford: Oxford University Press): 267–89

(2013) ‘Sraffa’s System in Relation to Some Main Currents in Unorthodox Economics’, in E.S. Levrero, A. Palumbo and A. Stirati (eds) Sraffa and the Reconstruction of Economic Theory, vol. 3 (Sraffa’s Legacy: Interpretations and Historical Perspectives) (Basingstoke: Palgrave Macmillan): 15–33

(2014) ‘Entrepreneurship, Risk and Income Distribution in Adam Smith’, European Journal of the History of Economic Thought Vol 21 (No 1): 21–40

(2014) ‘Higher Education “Markets” and University Governance’, in M. Thornton (ed.) Through a Glass Darkly: the Social Sciences Look at the Neoliberal University (Canberra: ANU Press: 79–88

(2014) ‘Keynes, Employment Policy and the Question of Public Debt’, Review of Political Economy Vol 26 (No 4): 574–93

(2014) ‘Keynes, Lerner, and the Question of Public Debt’, History of Political Economy Vol 46 (No 3): 409–33

(2015) ‘Profits’, in J.D. Wright (ed.) International Encyclopedia of the Social and Behavioral Sciences, 2nd edn (Oxford: Elsevier): vol. 19, 111–16 [section 10.3: History of the Social and Behavioral Sciences (subsection: History of Concepts, Ideas, Theories)]

(2015) ‘Thomas Piketty, the Future of Capitalism and the Theory of Distribution’, Metroeconomica Vol 66 (No 2): 284-305


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Academy of the Social Sciences in Australia

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