When the Australian Labor Party was trounced for a second time at the 1977 election following the humiliation and shock of the post-Dismissal election of 1975, the party went away for one of the most important resets in its history.
Then, the Labor Party decided to take a genuine hard look at all its policies, including and especially, its economic policies. There were a series of papers written by Labor shadow ministers and other leading lights in the party that constituted a genuine effor…
