UK Economics and the Future Supply of Academic Economists

Bibliographic Data

ID9710343
AuthorsStephen Machin (0009-0004-8130-2701, University College London and Centre for Economic Performance, London School of Economics), Andrew J Oswald (0000-0003-0628-3294, University of Warwick), Andrew Oswald (University of Warwick)
Year2000
Volume110
Issue464
PagesF334-F349
Publication date2000-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/1468-0297.00542
OpenAlexW2128112913
LanguageEN
Citations received4

In recent years there has been a fall in the numbers of United Kingdom students entering PhD programmes in Economics. This is likely to be important for the future of the discipline, both as an academic subject and in terms of the subject's outside influence (especially in using academic research to inform government thinking and policy). Understanding why it has happened, and determining whether it is likely to be associated with problems in replenishing the stock of academic economists, is the concern of this paper.' The paper tries to establish the reasons for the sharp decline in registration on PhD programmes. It first examines pay structures, the employment destinations of young economists, and universities' problems of recruitment. The discussion then turns to what might be done, and what these developments mean for the future of economics, as an academic discipline, in the United Kingdom. It is useful to begin with some illustrative facts

Economics · Neoclassical economics · Public economics · Economic Theory and Institutions · Innovations in Educational Methods · Labor market dynamics and wage inequality

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