Monday, December 27, 2010

The Excess Supply of PhDs

From The Economist:

“A PhD may offer no financial benefit over a master’s degree. It can even reduce earnings”.

I wonder if that means that a destruction of human capital is taking place in the course of prolonged studies. A quick look at the sorry state of the excess production of new economic articles in peer-reviewed journals may lend credibility to that conclusion.

Read more.

No comments: