Indeed, the first sentence of the second paragraph ... it resonates over 70 years later: "the production function has been a powerful instrument of miseducation" ! @US

It is a bizarre proposition that the fragmented nature of modern mainstream economics implies the absence of a definable mainstream. At some point all the practioners in different fields will defer to a body of knowledge which "accounts" for the relative value of commodities, the distribution of income, the scale of the economic system and its path through time, in a world free of imperfections rigidities, information asymmetries etc. and by implication what answers to these questions would look like in "the real world". This is a case of not seeing the wood for the trees. This smacks of the ignorance of the development of the discipline, @USydneyEcon

I am hugely grateful to @Sydney_Uni for awarding me an honorary doctorate yesterday. The strategic partnership between Sydney and @UofGlasgow has strengthened immeasurably in recent years and it’s wonderful to see it flourishing in so many different areas of research. sydney.edu.au/news-opinion/n…

Congratulations to Sir @AntonMuscatelli on receiving an honorary Doctor of Letters at yesterday's grad ceremony recognising his distinguished contributions to #economics, public policy & higher education leadership 👏🏻 @Sydney_Uni @USydneyEcon @AdkinsProf @mscott @ArtSS_Sydney

New CEPR Discussion Paper - DP22026 Who Can Produce What? Firm Capabilities and Product Entry Luca Macedoni @LaStatale, John Morrow @QMUL, Vladimir Tyazhelnikov @Sydney_Uni @ArtSS_Sydney @USydneyEcon ow.ly/h5Tc50ZWf4o #CEPR_IO #CEPR_ITRE #CEPR_PE #EconTwitter

We're hiring! Join us as Teaching & Curriculum Coordinator in the School of Economics professional team to support core teaching & curriculum operations @USydneyEcon It's a full time fixed term gig until the end of 2028. Applications close 11 Oct: bit.ly/3VmPZm2

Look Ma, I’m on TV! Me on recent research about the effects of RBA decisions on the homeownership rate. Rising rates+falling incomes depress homeownership. Borrowing constraints are key. Effects can last more than a decade. abc.net.au/news/programs/the…

🎉 We are thrilled to announce that Prof @AgnieszkaTymula @USydneyEcon was awarded an @arc_gov_au Future Fellowship 🌟 This is an incredible achievement and much deserved recognition of Agnieszka’s outstanding research & contribution to the field Congratulations Agnieszka!

An absolute delight to welcome prospective students and their parents, on campus, for Open Day today! Our academic advice booths? Busy! Degree talks in #Economics? Full house! Campus? On point! ☀️ Can't wait to see shining young faces in ECON1001 next year 👩‍💻🧑🏽‍💻 #USyd #FASS

We were delighted to welcome @josephmullins as keynote speaker for the RC Mills Memorial Lecture. Jo drew on new evidence about the #economics of childhood & how investments made in children can shape #policy Thank you Jo, and to our alumni, staff and friends who joined us 🎉

I show "stay at home" explains about half of the surge in housing demand in the US during the pandemic (doi.org/10.1016/j.jhe.2022.1…). But "work from home" has been extremely sticky in Australia: >1/3 employees still WFH. My 2 cents: in Oz the boom-bust is an interest rates story.

Have you registered for the RC Mills Memorial Lecture yet? There's still time to secure your place, but get in quick 👉🏻 bit.ly/RegisterMills2026 RSVPs close 31 July @josephmullins @ArtSS_Sydney @USydneyEcon

In great news, Professor @AgnieszkaTymula @USydneyEcon has been elected as the ESA Vice President for Asia-Pacific by the Economic Science Organisation 🎉Congratulations on this appointment! @ArtSS_Sydney #vp #asiapacific #econnews

I hear it’s the last day to apply to our research -AP position! @USydneyEcon

Last week, I spoke with 7NEWS about El Niño and its economic impacts. Higher grocery bills are possible, but bushfires is the more tangible risk. Note, El Niño only shifts probabilities: there was no El Niño in 2019, and no Black Summer-like fires in 2023 (a strong El Niño year)

📢 Only a few hours left to apply for Lecturer in Economics (Education Focused) @USydneyEcon Full-time, 12 months fixed-term located at the Camperdown Campus Don't miss your chance to join us 👇🏼 ⚠️ bit.ly/4vIkzTw Applications close tonight 22 July at 11:59pm #usyd

El Nino watch: July SST anomaly is above 1.5 degrees. We have never seen this much of an increase this early in the season before. We are already in a strong El Nino territory and, likely, we have not even seen the half of it.

What workforce and AI trends should businesses be watching throughout FY27? At our recent @NexiaAustralia and @Nexia_NZ Conference, we asked EQ Economics Managing Director @_warrenhogan for his perspective on the challenges and opportunities that may lie ahead. Listen now👇