Michael G. Porter

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Michael G. Porter is an Australian academic economist who taught at the Australian National University (Canberra) and Monash University (Melbourne). In 1979, he set up a think-tank at Monash University, the Centre of Policy Studies (CoPS) [1] which advocated extreme free-market/no regulation views.[2] He is also the founding director of Tasman Institute from 1990-98[3]

[NOTE: CoPS has since radically changed in character and now resides at Victoria University][citation needed]

Early Life[]

Michael Porter studied Bachelor of Economics in University of Adelaide and did his PhD in Stanford University [4]

Career[]

After his PhD, he worked with the International Monetary Fund where along with Pentti Kouri developed the Kouri-Porter model, the first reliable model of capital movements offsetting monetary policy on International Capital Flows and Portfolio Equilibrium [5]. He played a lead role in analysing and modelling the reasons why countries had to float the Discount Margins (DM) and open capital markets to restore control of the money supply and inflation. This monetary pressure came from US and global capital markets in the context of the Lyndon B. Johnson deficit funded Vietnam War.

Think-tanks in Australia[]

In 1990, the Australian Michael G Porter set up his second economic think-tank outside the University. This was the Tasman Institute which was difficult to distinguish from his private consulting firm Tasman Asia Pacific.[6] These organisations were interlinked in some way with the Melbourne-based Institute of Public Affairs (IPA run by Liberal Federal MP John Hyde) and its offshoot, the Sydney Institute controlled by Gerard Henderson. Also part of this grouping was the HR Nicholls Society and the Centre for International Studies (CIS run by Greg Lindsay in both Sydney and New Zealand).[7][8][9]

Tasman Institute[]

Porter founded the Tasman Institute think tank in 1990. He later merged it with ACIL [unknown origin] to form ACIL Tasman, which would later merge again with the Allen Consulting Group to form ACIL Allen Consulting (c 2014).

References[]

  1. ^ https://www.copsmodels.com/monmod.htm
  2. ^ "Centre of Policy Studies (CoPS)". Victoria University | Melbourne Australia.
  3. ^ "Michael G. Porter | Australian Economist". michaelgporter.com. Retrieved 2021-09-18.
  4. ^ "Michael G. Porter Official Webpage". Retrieved 2021-09-18.
  5. ^ Porter, Michael G. (1974-05-01). "International Capital Flows and Portfolio Equilibrium". Journal of Political Economy. 82 (3): 443–467. doi:10.1086/260207. ISSN 0022-3808.
  6. ^ "Dr Michael Porter". Saxton. Archived from the original on 2018-06-20. Retrieved 2018-06-20.
  7. ^ "The Centre for Independent Studies – Ideas for a better Australia". www.cis.org.au.
  8. ^ "Think tank secrets". The Sydney Morning Herald. August 12, 2003.
  9. ^ "Industry Documents Library". www.industrydocuments.ucsf.edu.
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