Warner Max Corden AC (13 August 1927 – 21 October 2023) was an Australian economist. He was mostly known for his work on the theory of trade protection, including the development of the

Dutch disease In economics, Dutch disease is the apparent causal relationship between the increase in the economic development of a specific sector (for example natural resources) and a decline in other sectors (like the manufacturing sector or agriculture) ...

model of

international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significan ...

. He was also active in the fields of

international monetary systems An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have dif ...

macroeconomic Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output/ GDP ...

policies of developing countries and Australian economics. Corden, originally German, emigrated from

Nazi Nazism (), formally named National Socialism (NS; , ), is the far-right politics, far-right Totalitarianism, totalitarian socio-political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in Germany. During H ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

in 1939. Corden died on 21 October 2023, at the age of 96.

Academic career

After completing high school at the academically reputed

Melbourne High School Melbourne High School is a Education in Australia#Government schools, government-funded Single-sex education, single-sex Selective school, academically selective secondary school, secondary day school for boys, located in the Melbourne suburb ...

, Corden graduated from the

University of Melbourne The University of Melbourne (colloquially known as Melbourne University) is a public university, public research university located in Melbourne, Australia. Founded in 1853, it is Australia's second oldest university and the oldest in the state ...

in 1950 and obtained his PhD in economics at the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

(1956). He was subsequently Nuffield Reader in International Economics and Fellow of Nuffield College at

Oxford University The University of Oxford is a collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the second-oldest continuously operating u ...

, and from 1977 to 1988 he was Professor of Economics at the

Australian National University The Australian National University (ANU) is a public university, public research university and member of the Group of Eight (Australian universities), Group of Eight, located in Canberra, the capital of Australia. Its main campus in Acton, A ...

. Furthermore, he was senior advisor in the Research Department of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

from 1986 until 1988. He then became professor and, later on, Chung Ju Yung Distinguished Professor of International Economics at the

School of Advanced International Studies The School of Advanced International Studies (SAIS) is a graduate school of Johns Hopkins University based in Washington, D.C. The school also maintains campuses in Bologna, Italy and Nanjing, China. The school is devoted to the study of int ...

(SAIS),

Johns Hopkins University The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, J ...

until he retired in late 2002. He then served as emeritus professor of international economics at SAIS and a professorial fellow in the Department of Economics of the

. Max Corden maintained a personal website including autobiographical essays and copies of recent publications.

Major publications

* ''The Theory of Protection'' (1971) * ''Trade Policy and Economic Welfare'' (1974, 1997) * ''Inflation, Exchange Rates, and the World Economy'' (1977, 1985) * ''Protection, Trade and Growth'' (1985) * * ''Economic Policy, Exchange Rates, and the International System'' (1994) * ''The Road to Reform'' (1997) * ''Too Sensational: On the Choice of Exchange Rate Regimes'' (2002) * ''Lucky Boy in the Lucky Country'' utobiography(2017), Cham, Switzerland: Palgrave Macmillan.

Honours

*Honorary Foreign Member of the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics, with approximately 23,000 members. It publishes several peer-reviewed journals, including the Journal of Economic Literature, American Economic Review, an ...

. *Fellow of the

Academy of the Social Sciences in Australia The Academy of the Social Sciences in Australia (ASSA) is an independent, non-governmental organisation devoted to the advancement of knowledge and research in the social sciences. It has its origins in the Social Science Research Council of Aus ...

(1977-). *Bernhard Harms Prize for International Economics of the

Kiel Institute for the World Economy The Kiel Institute for the World Economy (, or IfW Kiel) is an independent, non-profit economic research institute and think tank based in Kiel, Germany. In 2017, it was ranked as one of the top 50 most influential think tanks in the world and w ...

, 1986. *President of the

Economic Society of Australia The Economic Society of Australia (ESA) is the peak body for Australian economists. It was established in 1925 and has branches in all states and the ACT. The current president is Matthew Butlin from Victoria The ESA gives the Young Economist Awa ...

from 1977 to 1980. *Patron of the Economic Society of Australia (Victoria) 2016 - *Member of the

Group of Thirty The Group of Thirty, often abbreviated to G30, is an international body of financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sec ...

, from 1982 to 1990. *Doctorate of Commerce (honoris causa) by the University of Melbourne, 1995. *Distinguished Fellow of the Economic Society of Australia, 1995. *Fellow of the

British Academy The British Academy for the Promotion of Historical, Philosophical and Philological Studies is the United Kingdom's national academy for the humanities and the social sciences. It was established in 1902 and received its royal charter in the sa ...

since 1997. *

Companion of the Order of Australia The Order of Australia is an Australian honours and awards system, Australian honour that recognises Australian citizens and other persons for outstanding achievement and service. It was established on 14 February 1975 by Elizabeth II, Monarch ...

(AC), 2001 Australia Day Honours, for service as an international economist, particularly in the area of trade and finance policy development.
Day Honours List, 2001
'.

References

External links

* *
Max Corden
* {{DEFAULTSORT:Corden, Max 1927 births 2023 deaths Australian economists Academic staff of the Australian National University Fellows of Nuffield College, Oxford Johns Hopkins University faculty Alumni of the London School of Economics People educated at Melbourne High School University of Melbourne alumni Fellows of the Academy of the Social Sciences in Australia German emigrants to Australia Australian expatriates in the United Kingdom Australian expatriates in the United States Corresponding fellows of the British Academy People from the Province of Lower Silesia Companions of the Order of Australia