I submitted this link because I fervently disagree with the blog post. I started a Econ PhD but left soon after as I realized that much of the economic theory which is taught is not realistic and not even a good proxy for how economic systems work. Computer Science has allowed researchers to build much more realistic models using agent-based modeling. When looking for econ PhD programs, make sure this is something they will allow you to research.
The best skills you can get out of most traditional Econ PhD programs are econometrics and programming skills. Outside of that it is pretty much a waste of time. Yes, you can probably get a job quickly, but you will spend a lot of the time learning none-applicable skills.
I want people to read it and hopefully we can start a discussion about it on HN.
The best skills you can get out of most traditional Econ PhD programs are econometrics and programming skills. Outside of that it is pretty much a waste of time. Yes, you can probably get a job quickly, but you will spend a lot of the time learning none-applicable skills.
I want people to read it and hopefully we can start a discussion about it on HN.