Academic Salaries: A Personal Application of Managerial Economics |
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16 year old 1965 a professor 76 Figure academic salaries academics will fall alternative careers analysis assistant lecturer average manual worker average share CAREER CHOICES choice of career Civil Service Clearing Bank Conclusions Normative Economics declined in earnings earnings status economist existing academics leave field of positive financial and non-financial financial differences involved financial factors financial terms e.g. fiscal drag G.D.P. per person Gross Domestic Product growth in G.D.P. highlight the Civil inaugural lecture Industrial Company 4,000 Large Industrial Company levels of discipline lifetime earnings line in Figure lower line Managerial Economics managerial professional Newbould non-financial benefits overlooks the fact package of financial person employed positive economics professional or middle professor has declined professor received Professorial equivalent professorial salary purchasing power ratio has fallen Ratio of professorial reducible to financial sake of understatement salary in 1965 society share account starting salary University of Bradford value judgement value of money