A Zippier Economy:
Lessons from the 1992 Hilmer Competition Reforms
In this talk, Andrew Leigh, the Assistant Minister for Competition, Charities and Treasury, shares why he believes that competition policy is fundamental to economic dynamism and rising living standards.
In October 1992, Prime Minister Paul Keating announced the establishment of a major independent inquiry into competition policy in Australia. Fred Hilmer’s review sparked the National Competition Policy reforms, which was followed by a surge in productivity. Thirty years on, Andrew Leigh will look at what lessons the Hilmer Review and National Competition Policy can teach us.
After the worst decade of income growth in the post-war era, Leigh argues that it is vital to prioritise competition. Globally, regulators are actively looking at what Louis Brandeis famously called ‘the curse of bigness’, and considering how excessive market concentration might harm consumers, hurt workers, and reduce economic activity. A zippier economy requires more startups, more mobility, and more innovation.
After the talk, Andrew Leigh will be joined in conversation with Kirsten Andrews, Vice-President, External Engagement.
When |
Monday 17 October 2022 at 2.30pm |
Where |
Chau Chak Wing Museum, Nelson Meers Auditorium |
How |
Please register here for attendance in person and to receive the link to the event live online |
Light refreshments will be available after the talk |
About the speaker
Photograph by Hilary Wardhaugh
Andrew Leigh is the Assistant Minister for Competition, Charities and Treasury, and Federal Member for Fenner in the ACT. Prior to being elected in 2010, Andrew was a professor of economics at the Australian National University. He holds a PhD in Public Policy from Harvard, having graduated from the University of Sydney with first class honours in Arts and Law. Andrew is a past recipient of the Economic Society of Australia's Young Economist Award and a Fellow of the Australian Academy of Social Sciences.
His books include Disconnected (2010), Battlers and Billionaires: The Story of Inequality in Australia (2013), The Economics of Just About Everything (2014), The Luck of Politics (2015), Choosing Openness: Why Global Engagement is Best for Australia (2017), Randomistas: How Radical Researchers Changed Our World (2018), Innovation + Equality: How to Create a Future That Is More Star Trek Than Terminator (with Joshua Gans) (2019), Reconnected: A Community Builder's Handbook (with Nick Terrell) (2020), What's the Worst That Could Happen? Existential Risk and Extreme Politics (2021) and Fair Game: Lessons From Sport for a Fairer Society & a Stronger Economy (2022).
Andrew is a keen triathlete and marathon runner, and hosts a podcast called The Good Life: Andrew Leigh in Conversation, about living a happier, healthier and more ethical life. Andrew is the father of three sons - Sebastian, Theodore and Zachary, and lives with his wife Gweneth in Canberra. He has been a member of the Australian Labor Party since 1991.