New South Wales

New South Wales is the Australian state setting for the water-market case in Our mission: Find the world’s best economic ideas (Summer School World Tour). The episode places Carly Marriott’s sheep and crop farm in a drought-prone region connected to irrigation from the Murray River.

The state matters because the source is not describing water in the abstract. It uses a specific farming region to show how Water Rights Trading can move scarce water toward higher-value uses while exposing growers to price spikes, information gaps, and political conflict.

Connections

• Australia - country context.
• Murray River and Murray-Darling Basin - water-system geography.
• Carly Marriott, Water Market Design, and Market Speculation - farmer and market-design branch.