The self-cannibalisation of economics

The failure of economics to preserve its position in academia is one link in a long chain of global failings over recent decades.

Forty years ago today, that any student who enrolled in an undergraduate degree at the Faculty of Economics at Sydney University in 1971 had to complete four year-long courses in economics, out of a total of ten such courses: Microeconomics and Quantitative Methods in the first year, Macroeconomics in the second, and International Economics in the third.

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