Enjoy Rendering!: Сборник текстов для перевода и реферирования. Батурина С.А. - 7 стр.

       The growth of economic consultancy has provided another ca-                  2. Answer the following questions.
reer path, drawing economists away from academe. Behind this, says                  1) What uncomfortable question are British economics dons ask-
Simon Gaysford of London Economics, a consultancy, lie two things.          ing themselves? Why?
One is privatisation, which in effect forced companies to hire experts              2) Which fact from the article proves the unpopularity of scien-
on economic regulation. AS privatisation has spread across the world,       tific activity among British students?
so British economists have found that expertise gained at home is                   3) What is the obvious explanation of the fact the number of
highly marketable. Second, because antitrust cases "how turn on eco-        would be PhDs is falling?
nomic as well as legal arguments, companies are paying big fees to                  4) What is the role of the growth of economic consultancy?
economists as well as lawyers.                                                      5) Which two things make economic expertise highly market-
       Besides the pay gap, academic life is less secure than it used to    able?
be: staff who would once have had tenure are as sackable as anybody                 6) What does it mean “academic life is less secure than it used to
else. Also, says Dieter Helm – who is an Oxford don as well as director     be”?
of «Oxera», a consultancy – the burden of paperwork and lack of re-                 7) What is the author’s conclusion?
search funds are extra reasons not to become an academic . The market
for economists works far better outside the universities than it does in-          3. Summary.
side them. The scarcity of top professors, says Professor Oswald, is               The aim of the article is to discuss the problem of reducing doc-
now driving their salaries up; but the cartel of university bosses has      tors of economics in Britain. The author considers pay to be the main
succeeded in keeping the lid on junior dons' pay. Meanwhile, the City       cause. A university lecturer with a doctorate in economics starting sal-
and the consultancies pay up. This may be lucrative for the current         ary is much lower than that of an economist with only master’s degree.
generation or economists. Who will educate the next generation,             The growth of economic consultancy has provided another career path.
though, is an unanswered question.                                          Economic regulation expertise in privatisation issues and antitrust cases
                                                                            has become highly marketable. Less secure academic life and the bur-
     1. Vocabulary notes:                                                   den of paperwork and lack of research funds are believed to be extra
     1) sprinkling – посыпание, уснащение                                   reasons not to become an academic. Nowadays market situation may
     2) PhD (= Doctor of Philosophy) – доктор философии                     be lucrative for the current generation of economist. But the question
     3) master’s degree – степень магистра                                  “who will educate the next generation?” is still unanswered.
     4) sought after – популярный, модный
     5) econometrics – эконометрика (наука, изучающая конкрет-
ные количественные связи между экономическими объектами и
процессами)
     6) expertise – специальные знания, компетенция
     7) tenure – зд. срок пребывания в должности
     8) scarcity – недостаток, нехватка, редкость
     9) to keep the lid on – держать в секрете
     10) lucrative – прибыльный, доходный, выгодный



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