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30 sats \ 14 replies \ @Undisciplined 31 Jul \ parent \ on: 400 Ph.D. Economists vs. One Shiny Rock econ
It's not all that many. Less than one thousand per year, I think.
Ok, one thousand for the state? Do many of them go into the private sector?
One last question, how many of them are not hallucinating about economic theory and fact?
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I'm a little out of touch with how many go into the private sector, but it's a large share. I don't know that a majority go to any of academia, government, or private. Those are the big three, though.
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If they are going to the private sector, someone must see the value in hiring them! I just hope they are getting their DMVP out of them!
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There are tons of economists who do consulting work or work on projects for tech companies.
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Good to hear! Someone is finding them useful for something. How accurate are they? Are they being profitable for those companies? What schools are they coming from?
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Yes, despite your disapproval, the kinds of empirical analysis we train in is very useful. Many of the tools of experimental economics also find applications for tech companies in product design.