I mentioned a few weeks ago the essay “Life Among the Econ”. In the latest issue of Economic Papers, Alex Millmow and Jerry Courvisanos take up the theme, arguing that Australian academic economists should be less reticent when it comes to participating in policy debates. Here’s their abstract – click on the title for the full text.
The Two Tribes of â€˜The Econâ€™: A Study of Economists and Economic Media Commentary in Australia
Alex Millmow and Jerry Courvisanos
This article discusses and speculates upon an interesting and unsettling development within the Australian economic profession. It argues that there is a schism within the profession when it comes to providing economic commentary to the media. It appears that only financial market economists are having their voices heard. This has implications for the acceptance of economic policy since they usually uphold the interests of their employer. Apart from giving an untoward bias to policy academic economists suffer in turn from a lack of recognition and reach. We present evidence showing that todayâ€™s generation of academic economists, in contrast to previous generations, are becoming reticent on matters of public policy.