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Is There a Ph.D. Glut in Economics in Academia?

20 Pages Posted: 3 Nov 2008  

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Date Written: October 23, 2008

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

JEL Classification: A11, J23, J44, J63, J64

Suggested Citation

Block, Walter E., Is There a Ph.D. Glut in Economics in Academia? (October 23, 2008). Available at SSRN: https://ssrn.com/abstract=1292888 or http://dx.doi.org/10.2139/ssrn.1292888

Walter E. Block (Contact Author)

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

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

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