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

dutch disease In economics, the 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 agricultur ...

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 significant ...

. He has also been 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 d ...

macroeconomic Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

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

Nazi Nazism ( ; german: Nazismus), the common name in English for National Socialism (german: Nationalsozialismus, ), is the far-right totalitarian political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

in 1939.

Academic career

After completing high school at the academically reputed

Melbourne High School Melbourne High School is a government-funded single-sex academically selective secondary day school for boys, located in the Melbourne suburb of South Yarra, Victoria, Australia. Established in 1905, the school caters for boys from Year 9 t ...

, Corden graduated from the

University of Melbourne The University of Melbourne is a public research university located in Melbourne, Australia. Founded in 1853, it is Australia's second oldest university and the oldest in Victoria. Its main campus is located in Parkville, an inner suburb nor ...

in 1950 and obtained his PhD in economics at the

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

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

Oxford University Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

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

Australian National University The Australian National University (ANU) is a public research university located in Canberra, the capital of Australia. Its main campus in Acton encompasses seven teaching and research colleges, in addition to several national academies and ...

. 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, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

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 Paul H. Nitze School of Advanced International Studies (SAIS) is a graduate school of Johns Hopkins University based in Washington, D.C., United States, with campuses in Bologna, Italy, and Nanjing, China. It is consistently ranked one of the ...

(SAIS),

Johns Hopkins University Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hem ...

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

. Max Corden has 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) * ''International Trade Theory and Policy'' (1992) * ''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. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...

. *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 Austr ...

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

Kiel Institute for the World Economy The Kiel Institute for the World Economy (Institut für Weltwirtschaft, or IfW) 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 ta ...

, 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 sect ...

, 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 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 same year. It is now a fellowship of more than 1,000 leading scholars span ...

since 1997. *Companion of the

Order of Australia The Order of Australia is an honour that recognises Australian citizens and other persons for outstanding achievement and service. It was established on 14 February 1975 by Elizabeth II, Queen of Australia, on the advice of the Australian Gove ...

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

External links

Max Corden

Notes

{{DEFAULTSORT:Corden, Max 1927 births Australian economists Australian National University faculty Fellows of Nuffield College, Oxford Johns Hopkins University faculty Alumni of the London School of Economics Living people 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