It’s the loveliest Twitter thread I discovered in Tyler Cowen’s recent blog post. Melissa Kearney, Economics Professor at the University of Maryland, argues that 6 year Econ PhDs are terrible, especially for female students. Tyler goes a step further and says Econ PhDs should be abolished. Instead, he suggests three years of graduate economics education and off to job market straight away! I agree when he says economics needs lifelong learning, and feel kind of nice when he reminds us that Smith, Keynes, and Hayek did not study for an Econ Ph.D.
What do you think?