BEc American National University, 1966. Doctor of Philosophy Monash University, 1972.
Senior Teaching Fellow, Monash University, Melbourne, 1970-1972. Senior Projects Officer, Australian Tariff Board, 1972. Visiting Assistant Professor, Graduate School Business, University Chicago, 1973.
Lector, Senior Lector, Reader Economics, American National University, Canberra, 1974-1983. Visiting Professor, University Hawaii, 1979. Professor Management, Australian Graduate School Management, University New South Wales, Sydney, NSW, Australia, since 1983.
Although my Doctor of Philosophy thesis on the automobile industry and much of my work has an applied bent to it, my first love is theory in the form of thinking through the implications of simple postulates, such as profit maximisation, no matter how unpopular the conclusions. Much of my early work on monopoly and durability has been involved in trying to break down the prejudice that many economists feel against profit-maximising monopolies despite their acceptance of the proposition that self-seeking behaviour may have socially beneficial effects. State-run monopolies in electricity generation etc., that adopt other goals, may do far more harm.
My work on the intertemporal allocation of resources has broadened out to include issues in tax reform relating to inflation adjustment and to the nature of income and cash-flow (consumption) taxes). My interest in the economics of regulation stems from a recognition that most monopolies rely heavily on State patronage to implement and police barriers to entry. The taxicab industry worldwide (with a few notable exceptions) is an example of this.
I also have a growing interest in law and economics as well as in extreme forms of regulation, such as State ownership, and the reasons for it.