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Is There A Ph.D. Glut In Economics In Academia?

Author

Listed:
  • Walter E. Block

    (Joseph A. Butt, S.J. College of Business at Loyola University New Orleans)

Abstract

The academic market for Ph.D. economists in academia works like any other semi heavily regulated market with a large element of government ownership and with large time lags in supply: there are shortages and surpluses, but these tend to be self correcting, with enough time allowed for adjustments. Contrary to the claims of some, there is no such thing as a chronic glut.

Suggested Citation

  • Walter E. Block, 2010. "Is There A Ph.D. Glut In Economics In Academia?," Romanian Economic Business Review, Romanian-American University, vol. 5(1), pages 9-26, March.
    • Handle: RePEc:rau:journl:v:5:y:2010:i:1:p:9-26
    as

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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/SP10/REBE-SP10-A1.pdf
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    References listed on IDEAS

    as
    1. Nicolai J Foss & Jens Frøslev Christensen, 2001. "A market-process approach to corporate coherence," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 22(4-5), pages 213-226.
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