This book, the first of two volumes, explores the legacy of Trevor Winchester Swan, often described as Australia’s greatest ever economist. An insightful biography is accompanied with Swan’s most prominent articles to provide a broad view of his life and work. Particular attention is given to the famous Swan Diagram, known among macroeconomists worldwide, Swan’s four zones of economic unhappiness, his view of how economies grew based on capital deepening and technical progress, and the Solow-Swan model of economic growth.

This book aims to shed light on the enigmatic and...