Economics Ph.Ds

[sakky]

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Well, we’re not talking about MBA’s, we’re talking about PhD’s in Business.

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<p>Of course we are. </p>

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Again, and ugh…this is like talking to a brick wall…it DEPENDS. Very few economists are pure economic theorists. Fields such as Labor, Public, International - both trade and finance, Macro to some extent, Monetary, Finance, Develeopment, and a good bit of IO are all applied areas or have substantial applied portions. The point is that there is an awful lot of applied economics.

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<p>It certainly seems like I am indeed talking to a brick wall.</p>

<p>OF COURSE it depends. It ALWAYS depends. But * in general * business is more applied. That is, after all, why business exists as a separate discipline. If there really were no difference between the 2 disciplines, then they might as well just combine the 2 disciplines into 1. </p>

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And once again, I’m not claming the opposite. You claimed that a PhD in business provides graduates with better placement relative to that of economics PhD programs. I questioned that.

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<p>And I return to my basic point - business schools/departments are growing at a more rapid rate than econ departments are. </p>

<p>Consider the burgeoning growth of demand for business education in Asia.</p>

<p><a href=“http://edition.cnn.com/2005/BUSINESS/08/15/execed.asia3.demand/index.html[/url]”>http://edition.cnn.com/2005/BUSINESS/08/15/execed.asia3.demand/index.html&lt;/a&gt;&lt;/p&gt;

<p>Or consider the fact that Oxford and Cambridge have both recently established business schools. I am quite sure that many universities in Asia will establish business programs in the near future if they haven’t done so already. </p>

<p>Now, will these schools hire some Econ PhD’s? Of course! Just like some business PhD’s will end up in departments of economics. But the point is, more growth in business translates into more jobs for business PhD’s than for econ PhD’s. That’s simple logic. </p>

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If you’re statating opinions, it would behoove you to preface such comments accordingly. However, you seem to state a lot of things as if they were gospel.

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<p>And what about you? Have you prefaced any of your comments accordingly? Didn’t think so. </p>

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Not all others. Just you. And just on this point. Don’t write checks your a$$ can’t cash. If you can’t substantiate your claims with any outside source then your claim is dubious. I don’t substantiate my claims in every post because that’s inefficient. I can, however. That’s the difference.

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<p>And you should also write checks your a$$ clearly cannot cash. I would like to see you substantiate each and every one of your claims before you ask me to do likewise. You said you could, I’d like to see it. You claim that it’s inefficient, but hey, this isn’t an efficiency contest here. </p>

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Yes. I posted a link to Harvard’s placements. Perhaps you should go back and read it. Here’s more for you to chew on:</p>

<p><a href=“http://www.econ.yale.edu/graduate/pl...t/outcomes.htm[/url]”>http://www.econ.yale.edu/graduate/pl...t/outcomes.htm&lt;/a&gt;&lt;/p&gt;

<p>Note the placements in places like: Carnegie Mellon Heinz School of Public Policy, McKinsey and Company, University of North Carolina Chapel Hill, Public Health School, Boston Consulting Group, Lehman Brothers, Vanguard, Department of Justice Antitrust Division, UNC (Health Policy), TKI Consulting, Medstat Group, and numerous business schools, and many more consulting and finance positions.</p>

<p>So yes, I have proved it. Took me all of 30 seconds too.

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<p>No, you haven’t proved that the placements of econ PhD’s are * in general * as good as that of business PhD’s, which is what you have asserted. </p>

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Can you back that up?</p>

<p>Do you have empirical proof to demonstrate what you have stated in that post? </p>

<p>Yep.

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<p>So then let’s see it. In particular, I would like to see how the simple logic I expressed above does not hold - that there are actually more placements for econ PhD’s available than for business PhD’s.</p>