Professor W (Warner) Max Corden is Emeritus Professor of International Economics of Johns Hopkins University, and  has been a Professorial Fellow in the Department of Economics of the University of Melbourne since October 2002.



Max Corden

He was educated at Melbourne High School, the University of Melbourne and the London School of Economics.  He has held tenured positions at the University of Melbourne, the Australian National University, Oxford University (Nuffield College), and the School of Advanced International Studies (SAIS)  of the Johns Hopkins University.  He has held visiting positions at many other Universities, and also worked for two years for the International Monetary Fund.

 He has received many honours. In particular, he is an Honorary Foreign Member of the American Economic Association, is a Fellow of the British Academy and of the  Academy of the Social Sciences in Australia, is a Distinguished Fellow of the Economic Society of Australia, has an Honorary Doctorate from the University of Melbourne, and is a Companion of the Order of Australia.

For fuller details of his Biography download Max Corden’s CV. Click here for autobiographical essays about his life and work.


Max Corden is the author or co-author of  nine books, the best-known ones being The Theory of Protection, Trade Policy and Economic Welfare, and Inflation, Exchange Rates and the World Economy, all three having been written during his nine years in Oxford. Fuller details of all nine books can be downloaded here.

Initially his academic writings were focused on the theory of trade protection, and he was particularly known for his papers (and parts of a book) on the theory of effective protection. But since the nineteen seventies he has also written on monetary integration, the international monetary system, and macroeconomic policy.  He has also done work for the World Bank on macroeconomic policies of developing countries. He has written about the developing country debt  crisis and specifically about the Asian crisis.  Two of his most cited articles (one joint with Peter Neary) deal with the theory of the “Dutch Disease”. Finally, he has written extensively about Australian economic policy.

Visit Publications to see a complete lists of his publications up to 2001, as well as some comments on his better-known publications.

In 2002 he returned to Melbourne University from SAIS,  Washington DC, retiring from teaching.  In the following ten years he published several articles, principally on international macroeconomics and especially on the global financial crisis and appropriate fiscal policy. Visit Recent Publications to find these articles in pdf format. With lack of modesty he recommends particularly two articles, namely “The Theory of the Fiscal Stimulus” (2010), and “Global Imbalances and the Paradox of Thrift” (2012). Older readers may also find two articles about Harry Johnson of interest.