tag:blogger.com,1999:blog-4159906646513306121.post8409051423829576264..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: The sorry state of the PhD labor marketEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4159906646513306121.post-47540637347188088932009-07-09T06:56:35.094-07:002009-07-09T06:56:35.094-07:00I strongly disagree. If anything, the IMF and othe...I strongly disagree. If anything, the IMF and other international organizations are hiring as they never have. It is true that some economics departments will be facing stringent budget constraints, but that will not be the case of the top 100 who rely on their reputation and whose endowment is large enough to endure these shocks. <br /><br />Excess supply? I do not believe in excess supply without some price adjusting downwards. As I see I know of only two economics departments that may have done something like that, none of them Ivy-League. Wages are still high enough to make it a good investment. As I see it, I will personally apply to grad school next year!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4159906646513306121.post-85711338862058278232009-03-04T12:33:00.000-08:002009-03-04T12:33:00.000-08:00If one had a Ph.D. in economics, they would know t...If one had a Ph.D. in economics, they would know that the current economic situation that exist in the United States isn't a recession. The only only thing Ph.D.'s will have achieved is having some very expensive wall paper framed and hanging in their homes.<BR/><BR/>Danny L. McDaniel<BR/>Lafayette, IndianaAnonymousnoreply@blogger.com