Only 1 of the Coalition’s 21 frontbenchers has a degree in economics.
And this, from the party that champions itself as the friend of business. Economics degrees are so common that the shadow cabinet room must have one of the lowest rates of formal economics training of any organization in the country. The flipside is of course, the over-supply of lawyers in Australian political life:
An astonishing 13 of the Coalition’s 17 tertiary-educated frontbenchers are lawyers, among them Julie Bishop and Joe Hockey.
Of course, an economics degree isn’t the only path to economic literacy–as Paul Keating proved during his time running the Treasury. But it has to help.
I wonder what the equivalent numbers look like for the ALP. If you’ve got ‘em, please send ‘em along.
UPDATE: Peter Martin says: “I was wrong.” It turns out that there are a bit more economics training on the Coalition frontbench than he initially reported: Abbott, Robb and Minchin have economics degrees, and Stone has a PhD in economics.