Professor Neville Norman

M.A. (Econ.)(1stHons); B.Comm (1st Hons)(Melb.); M.A., Ph.D.(Cambridge

Professor Neville Norman is a powerful and provocative speaker committed to increasing understanding of how the economy actually works. Makes facts and figures come clear and alive. Living proof that economics is NOT “dismal”. Experienced academic teacher and researcher, business consultant and analyst, media and video performer and public speaker in over 4000 addresses to business and community groups in over a dozen countries.

Present and Recent Positions: Associate Professor of Economics at the University of Melbourne (since 1992); Convenor of the University Oval Table (since 1989), Member Victorian Hospitals Management Committee (since 1997); Member Melbourne Convention Committee (since 1998), President Music Faculty Alumni Society (1993-6);Economic Advisor to the Committee for the Economic Development of Australia (CEDA) (1978-1997). Economic Counsellor to the Australian Institute of Management (1977-97), Member of the General Motors (USA) Australian Advisory Council (since 1979), of the Economics Committee of the Business Council of Australia since (1983), of the Cambridge Australia Trust (since 1994); Director of Firbank Anglican Girls School (since 1989) and Investment Advisor to the Transport Accident Commission of Victoria(1988-1997). Economic Advisor or consultant to a large number of other companies, financial institutions and Government bodies.

Formerly: Academic teaching positions in the Universities of Cambridge (England) and Melbourne: Executive Director of the forerunner to the Business Council of Australia: Official Economic Advisor to the Commonwealth Government of Australia (1976-1983) and State of Victoria (1980-82): Consultant to the Auditor-General of Victoria. Member of the Commonwealth Government Trade Practices Consultative Committee (1978-82), on whose report the present s.46 of the Trade Practices Act (Cth.) was substantially based; Member of the CSIRO Industrial Advisory Committee (9185-88); Project Director of the Commonwealth Government/CEDA Economics of Australia Immigration Research Project (1982-86); Foundation Member of the Ratings Committee of Australia Ratings Limited from its inception in 1982 until its acquisition by Standard & Poors in 1992.

Qualifications: Bachelor of Commerce (First-class Honours Degree) and Master of Arts (First-class Honours Degree) at the University of Melbourne and of Doctor of Philosophy at the University of Cambridge. Several University and College exhibitions, distinctions and awards. Full Blues in Athletics at Cambridge, 1971-73.

Activities: Published a large number of books and academic articles and reports in the areas of industry regulation, patents and trade practices; the economic analysis of trade protection and international economics; and the economic analysis of taxation. Widely sought as a speaker on economic affairs at business meetings and in the media.

He is a member of the Editorial Board of the Competition and Consumer Law Journal and and is President of the Economic Society of Australia and Summer School Professor at the University of los Andes in Bogota, Colombia.

Interests: After family (married to Margaret since January 1969; four children, any sport, classical music, church affairs, foreign languages, genealogy.


Current Economic Crunch: Positive Perspectives

Experienced economist, Neville Norman, is at Autumn 2009 doing the rounds with Positive Perspectives on the current economic crunch. They include the following not heard from the doomsayers: a. After cuts in interest rates and confidence, some more corporate failures and a few other shocks, the low interest rates and stimulus packages will combine to stabilize and boost purchasing power by the end of 2009, so the ‘risk’ will be rate rises, not falls!

b. Equity, property and super fund holders have not ‘lost’ until they sell

c. Crunches breed business opportunities, not least as competitors struggle

d. Low rates redistribute income from lenders to borrowers

e. Some big numbers, e.g. large external deficits, are not necessarily bad numbers.

For the explanations, reason ands business significance of all this slightly maverick but research-based view on ‘the economy’, you’ll just have to take the next step: engage! Meanwhile, some facts:
1. Neville was the only published forecaster in 2008 to pick the big budget surpluses then slash his forecast ahead of Treasury revelations that surplus-days were over.

2. Neville is only published forecaster (The Age, 5 January, 2009) to have lower interest rates in 2009 , followed by rate rises the next year.

In addition to comprehensive (or abbreviated) insights in the Australian economy for 2009/2010, incorporating relevant world economic conditions and prospects, Neville has in the repertoire: Forecasting Tips and Methods; Reading the Federal Budget, for industry tips; Strategic Planning; Business Operational Pointers and futurism, using economics, and a host of economic policy, tax, trade practices and industry specific topics. Neville has been extending this outlook into direct business implications for accountants, lawyers, estate agents, health practitioners, foreign companies, manufacturers, retailers, smaller businesses, financiers, and local governments, just to name a few individual specific applications where NRN has hands-on consulting experience. All this comes with a lacing of wit, challenge and open debating opportunities. After 600 speeches in over 430 countries, Neville has seen, and spoken about, quite a lot.