IS THERE A PH.D. GLUT IN ECONOMICS IN ACADEMIA?

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

Romanian Economic Business Review, 2010, vol. 5, issue 1, 9-26

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.

Keywords: oversupply; academic market; market process; glut; Austrian economics (search for similar items in EconPapers)
Date: 2010
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