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“ The activities of economists-what they do and how and why they do it-are of at least as much interest and importance as the activities of the people economists themselves study: businessmen, housewives, bankers, finance ministers, and trade-union leaders.” “ Economists are now part, even often from their undergraduate years, of large, organized, internationally linked academic machines, with their subjects closely organized and defined.” (Hutchinson 1955) So, wrote T W Hutchinson over 65 years ago. And what applied then applies with equal force today. The focus of this column is on a very specific aspect of the “internationally organized machine” of economics, namely, the evolution and location of the top PhD programmes which underlie the profession. ....