Warner Max CordenAC (13 August 1927 – 21 October 2023)[1] was an Australian economist. He was mostly known for his work on the theory of trade protection, including the development of the
Dutch disease model of
international trade.[2] He was also active in the fields of
international monetary systems,
macroeconomic policies of developing countries and Australian economics.[3] Corden, originally German, emigrated from
NaziGermany to
Melbourne in 1939. Corden died on 21 October 2023, at the age of 96.[4]
He then became professor and, later on, Chung Ju Yung Distinguished Professor of International Economics at the
School of Advanced International Studies (SAIS),
Johns Hopkins University until he retired in late 2002. He then served as emeritus professor of international economics at SAIS and a professorial fellow in the Department of Economics of the
University of Melbourne.
Max Corden maintained 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 [autobiography] (2017), Cham, Switzerland: Palgrave Macmillan.
^See for example Neville R. Norman (2007), The contribution of Australian economists: the record and the barriers in Economic Papers (Economic Society of Australia) or William Coleman (2006), A Conversation with Max Corden, Economic Record 82 (259), 379–395.
^Examples of most relevant work could be Corden W.M., Neary J.P. (1982). "Booming Sector and De-industrialisation in a Small Open Economy." The Economic Journal 92 (December): 829-831. Or Corden, W.M. (1984). "Boom Sector and Dutch Disease Economics: Survey and Consolidation." Oxford Economic Papers 36: 362.