Following 26 years as Professor of Econometrics at La Trobe University, Peter Burley retired as an Emeritus Professor in 1997. Previously, he had held appointments at the Erasmus University of Rotterdam 1968-70, Princeton University 1964-68 (where he was awarded a PhD in Economics) and the University of Adelaide 1961-64 (where he was awarded a PhD in Physics).  He was also an occasional visitor to universities in France, Austria, the Czech Republic, Poland, Hungary and the United Kingdom.

Throughout his academic career he maintained an interest in Lonergan’s works, to which Tom Daly first introduced him in 1959.

Prior to reading Lonergan’s essay on economics, he had worked diligently and brilliantly in economics over many years. He thus brought a wealth of understanding of historical facts and competing theories to his reading of Lonergan’s economics and to his construction of mathematical models of a Schumpeter-Lonergan creative-destructive economy.

Peter Burley has written several essays which provide a von Neumann representation of a dynamic Lonergan-Schumpeterian, creative-destruction economy. These include:

• (2002) ‘Lonergan and Interest Rates’, Australian Lonergan Workshop II, ed. Matthew C. Ogilvie and William J. Danaher, Novum Organum Press, Sydney, pp. 61-67
• (2002)  ‘A 3-Level Lonergan-von Neumann Model’ in Australian Lonergan Workshop II, ed. Matthew C. Ogilvie and William J. Danaher, Novum Organum Press, Sydney, pp.68-74
• (1993) ‘Lonergan as a Neo-Schumpeterian’ in Australian Lonergan Workshop ed. William J. Danaher, University Press of America
• (1992) (with Laszlo Csapo) ‘Money Information in Lonergan-von Neumann Systems‘, Economic Systems Research, 4(2), pp.133-142

• (1989)  ‘A von Neumann Representation of Lonergan’s production problem‘, Economic Systems Research, 1 (3), pp.317-330