Econlinks: In degrees of awesomeness

  • Greg Mankiw seems to be arguing for a European-type separate master + PhD graduate Econ program– such as those at LSE, Oxford, Pompeu Fabra, Tinbergen Institute, and (I guess) the newish Paris School of Economics entity– rather than the US-type graduate PhD package, which comes with a (usually elective) master on the way (that is somewhat ironic, given the desire of the typical high-aspiring European place to ultimately emulate the US top places). In any case, assessing the total costs and benefits of these two alternatives remains a difficult empirical quest.
  • Awesome grants, via Michael Nielsen.
  • MR has linked to direct evidence that the History academic job market was hit way harder (e.g., this year lowest number of positions in a quarter century) than the Economics academic job market (and most likely than any other discipline’s job market), which is almost back to the pre-recession level. (My wise friend Daniel, the historian of science with whom I talked several times about this, was absolutely right in his intuitive assessment)
  • Awesome (albeit late) discovery. After reading Gelman’s WSJ story, I am decided to request a priori a “kill fee provision”, whenever I am asked again to write stuff for various non-scientific outlets; I had similar experiences with a couple of Romanian (some, not surprisingly, now defunct…) newspapers, and, in particular, with the (very surprisingly, still surviving…) Aarhus School of Business internal press. Except that I ended up wasting time and not getting any ‘kill fee’ for it. Sometimes you have to learn from your own mistakes.
  • Creative love song for Friedrich Hayek. Great, as so far Keynes seemed to get all the love (plus the hangovers, true): last bullet point.
  • Very well presented classic economic arguments for raising public college tuition fees by Gary Becker and Richard Posner. Digest them carefully, as they might appear counter-intuitive (witness the frequent nonsensical arguments against such tuition raises) even to intellectuals — those without training in and/or understanding of Economics.
  • Awesome reply to comment in the scientific journal world.
  • As controversial as outputs of such activity might currently be, concretely gathering brains in such ‘intellectual ventures’–in fact: literally leading to brainstorming— is just awesome. The idea in itself is of course not new, Myhrvold just had the will– and financial means!– to implement it on such a scale

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