(From The Australian).
Blood on the floor in the dismal science: La Trobe economics professor Harry Clarke is calling it a “bloodbath”. The university is proposing to cut its economics school from 28 staff to just 10. And now everyone needs to bid for the positions that are left, including four professors battling it out over just one professorial position in the new structure. The news prompted sympathy from RMIT economist Sinclair Davidson who blogged, “There are some fine academic economists at La Trobe and there are tough times ahead for them. This is not a good time to be looking for an economics job. The public service is retrenching across email@example.com and sign up for the High Wired newsletter
An opportunity for rivals: The scale of the cuts and the seniority (three professors and three associate professors will be going) suggests La Trobe doesn’t seem to care much about maintaining its economics research profile. La Trobe economics rated a “3” on ERA, with only the Go8 and the excellent UTS recording better results. In Victoria, La Trobe is neck and neck with rival Deakin, which also scored a 3. La Trobe says its changes will ensure the discipline’s long term sustainability, but the danger is that La Trobe will end up with only a token presence and no profile, meaning students wanting the breadth that economics offers, as opposed to the more narrow utility of business and finance, will shun La Trobe as the natural alternative to Melbourne or Monash, and instead go to Deakin. On the positive side HW hears that Deakin, Swinburne and RMIT are all looking to build in economics, which is still the discipline that brings the most street cred to any business school or faculty. HW isn’t sure this is the best way for La Trobe to attract high ATAR students to its business faculty, but then maybe the target is vocationally focused students. Isn’t that Victoria University’s market? And aren’t they doing well. Not. It is the same market the fast moving privates will target come 2016. Gulp.