While working as the economist for the treasury of a small Pacific Island country, Leigh Harkness discovered some basic facts that has provided a key to understanding how economies work.  He did not discover a new theory.  Rather facts that confirmed an interpretation of existing theory and separated the sound theory from the unsound.  Also, the data revealed a means of converting economic theory to economic policy.

When he returned Australia, he joined the Australian Treasury and found similar, even stronger data to confirm what he had found in the Pacific Islands. 

After leaving the Australian Treasury, Leigh Harkness formed Buoyant Economies to promote economic theory and policy consistent with the reality of the economic data he had found.   This has included the consideration of a number of issues including the effect of the floating exchange rate system on economic growth and the growth of foreign debt and the presentation of a number of papers.

Click here for a brief description of Buoyant Economies' approach to economics.