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Economics a must for students in recession

According to an article in the Guardian today, economics is a must study for students in recession. A surge in sixth-formers applying to study economics at university is being attributed to the global recession awakening a public thirst for knowledge about how the financial system works. Applications for degree courses beginning this autumn or next were up by 15% this January, according to UCAS, the Universities and Colleges Admissions Service. A spokesman for the Royal Economic Society said applications to do economics at GCSE and A-level were also up. Heaven help us.

The present corpus of economics as presently taught is the fons et origo of our present woes, since the role of land is largely ignored. Given that land is one of the two primary factors of production, this is a slight omission. My advice to potential students who want to learn about economics is to get a Saturday job in a street market or go busking, and study something more solidly based at school like a language, maths or one of the physical sciences. For the serious study of economics there is no alternative to the Economics with Justice course run by the School of Economic Science.

Read the Guardian article here.