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This article explores whether deregulation of the Australian retail banking sector in the 1980s delivered the enhanced consumer choice that had been promised. Using new data on banking products and their usage, it analyses consumers' ability to select optimal ‘frontier’ products. It concludes that following deregulation of retail banking, product offerings underwent such tumultuous change that the scope for effective consumer choice was severely constrained. While there were improvements towards the end of the period, progress was not assisted by the banks' strategy of proliferating and re-bundling products. Consequently, the anticipated improvements to consumer choice were slow to arrive.

This paper uses patent data from Victoria to examine the roles played by skill and experience in Australian invention during the colonial era. In addition to identifying a broadening involvement of Australians in inventive activity in the second half of the nineteenth century, this paper also provides evidence which indicates that technological creativity in Australia in this period did not depend on either the existence of a body of highly skilled workers or major advances in the stock of knowledge of which only they were cognizant. Rather, common sense and the acquisition of basic practical skills appear to have been the only prerequisites for inventiveness. Given the widespread availability of such skills in the colonies, the article concludes that the supply of patentable ideas in nineteenth-century Australia must have been fairly elastic.