Why all the fuss over the teaching of economics? Why were the disagreements so deep and protracted? What has been at stake? Why did dissident staff and students commit so much time and energy to establishing and developing alternative courses and administrative arrangements?
The dispute involved substantial differences of opinion about the nature of the curriculum, the style of teaching, and the structures of power and decision making. Although locally focused at the University of Sydney and at its most intense during the 1970s and 1980s, the dispute also has wider implications for how we understand the economic system and the role of economic policy. It reflects a broader tension in Australian society about what economic arrangements best serve social needs.
The story of the struggle for alternative economics told from the political economists' perspective weaves together a general historical narrative with illustrations and interpretations of the causes and consequences of the conflict, and personal recollections of eleven former student activists, all now in significant professional positions.
Political Economy Now! is a fascinating read for those concerned about how a discipline of great social and political significance is understood and taught to its would-be practitioners.
Gavan Butler is one of the founders of the Department of Political Economy at the University of Sydney.
Evan Jones is a retired political economist. He taught at the University of Sydney from 1973 to 2006.
Frank Stilwell is professor emeritus of political economy at the University of Sydney.