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Aus­tralia and the Uni­ver­si­ty of West­ern Syd­ney have been very good to me for the last 20 years. I have been able to devel­op a unique mon­e­tary dynam­ic approach to eco­nom­ics “under the radar” out here, with the sup­port of four con­sec­u­tive Heads of School who have favored a plu­ral­ist approach to eco­nom­ics.

But it may be time for a change. Did you see the blog post I put up just this week about need­ing an Aus­tralian Indus­try Part­ner for an appli­ca­tion to the Aus­tralian Research Coun­cil for a Link­age Grant?:

Aus­tralian Indus­try Part­ner need­ed

That, it seems, may have been wish­ful think­ing. Though I have had one pos­i­tive response, it seems that the entire scheme may be about to go–or at best be dras­ti­cal­ly curtailed–because of the Aus­tralian gov­ern­men­t’s obses­sion with return­ing to a bud­get sur­plus. Today we received the fol­low­ing email from UWS’s research unit:

Dear Researchers,
We are extreme­ly dis­mayed by the ‘fund­ing freeze’ that the ARC is expe­ri­enc­ing. The ARC are unable to say any­thing on this mat­ter and despite our queries, they can­not even give us a date as to when any announce­ment will be made. The only news we have heard is from the news­pa­pers!
Fund­ing freeze halts research
Judg­ing by the lat­est news arti­cle (above), we might expect to hear some­thing around the time the fed­er­al bud­get is updat­ed ear­ly next week. We regret we do not have any more defin­i­tive infor­ma­tion for you and don’t know if the Link­age Projects round is to con­tin­ue, be delayed or even can­celled. As soon as the ARC make an announce­ment we will let you know.

Though I won’t go into detail, the news in terms of inter­nal uni­ver­si­ty fund­ing is no bet­ter. Per­haps it’s time for me to see whether I can find a posi­tion in anoth­er country–and hope­ful­ly one that will mean my trav­el to most con­fer­ences no longer requires an inter­con­ti­nen­tal flight.

The dif­fi­cul­ty here of course is that, as a well-known crit­ic of Neo­clas­si­cal eco­nom­ics, there are no adver­tised jobs for which I can apply–and cer­tain­ly not at high­ly ranked insti­tu­tions where, with­out fail, Neo­clas­si­cal eco­nom­ics dom­i­nates the cur­ricu­lum. For instance, the Amer­i­can Eco­nom­ic Asso­ci­a­tion main­tains a very good data­base of job open­ings for econ­o­mists called JOE. A search of the Octo­ber list­ing restrict­ed to “Het­ero­dox Approach­es” yield­ed just 11 jobs worldwide–several of which were non-aca­d­e­m­ic posts, and none of which were at Pro­fes­so­r­i­al lev­el. In con­trast there were 142 posi­tions for “Micro­eco­nom­ics”, includ­ing sev­er­al Pro­fes­so­r­i­al appoint­ments, 124 for “Macro­eco­nom­ics”, 127 for “Math­e­mat­i­cal”, and so on.

Of course, what I do clear­ly cov­ers those oth­er fields as well, but it’s not rec­og­nized as such because my work is non-Neo­clas­si­cal, and I don’t have pub­li­ca­tions in lead­ing jour­nals where Neo­clas­si­cal assump­tions are required for entry.

My appli­ca­tion for any such posi­tion would also be a “red rag to a bull” to Neo­clas­si­cals in such depart­ments, as indi­cat­ed by posts  on the blo­gos­phere (like this one, and this one), so there’s lit­tle point try­ing any­way.

The only remain­ing pos­si­bil­i­ties are (a) that a more adven­tur­ous depart­ment some­where might want to bring me aboard or (b) that a Uni­ver­si­ty Pres­i­dent some­where feels that eco­nom­ics needs a shake­up, giv­en the fail­ure of the main­stream to see this eco­nom­ic cri­sis com­ing.

Hence this post. If you’re in such a Depart­ment, or you’re such a Uni­ver­si­ty Pres­i­dent who thinks that your Eco­nom­ics Depart­ment needs a shake-up, drop me a line (at debunking@gmail.com). I’m open for offers.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.