Training economists to be less complacent

August 25, 2014

A public lecture about the love-hate relationship the public has with economists for their forecasting failures will be presented by Rhodes Scholar and Professor of Economics at University College London, Professor Wendy Carlin, next month at Murdoch University.

Professor Carlin’s lecture will explore:

  • some bad predictions economists made in the run-up to the global financial crisis;
  • too much complacency about our understanding of managing unemployment and inflation, and household debt and banks were ignored; and
  • the need to focus more on educating economists, to both guard against such complacency and to promote the contribution economists can make to public policy.

A Murdoch alumni, Professor Carlin is a member of the Expert Advisory Panel of the UK’s Office for Budget Responsibility and has acted as a consultant for international organisations such as the European Bank for Reconstruction and Development (EBRD), London, and the World Bank.

Her research focuses on macroeconomics, institutions and economic performance, and the economics of the transition of economies from central planning to the market. She is currently leading an international project funded by the Institute for New Economic Thinking in New York to reform the undergraduate economics curriculum.

Professor Carlin will present the Banksia Association Lecture on Thursday September 4 at 6pm in the Kim E Beazley Lecture Theatre at Murdoch’s South Street campus and members of the public are invited to attend. RSVP is essential by Friday August 29 to or 9360 6176.

The Banksia Association maintains the University’s connection with a special group of individuals who have made an impact on Murdoch University through its history.  Each year Murdoch invites a Banksia Association member or outstanding individual of national or international standing to deliver the Banksia Association Lecture.

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