ECONOMIC AFFAIRS: ‘Prophetic’ Garnaut warns of belt-tightening to come*

Professor Ross Garnaut has been effusively hailed as “our most prophetic economist” by the economics editor of the Sydney Morning Herald, Ross Gittins, in an article he wrote with the headline, “Garnaut cries from the wilderness” (SMH, June 3, 2013). Not everyone would necessarily share Mr Gittins’s enthusiasm for Professor Garnaut’s prophecies. Garnaut has been in the public eye for the past three decades and been a preferred source of advice for the Labor s…

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