Wednesday, June 3, 2009

Mankiw on B-School Economists

Mankiw discusses the differences between B-school and Liberal Arts economics professors in this post. Here's a passage:

I think part of the answer is self-selection. Economists who are naturally more abstract will have a harder time teaching MBAs and will gravitate toward economics departments. The PhD students there will not mind the higher level of abstraction. By contrast, economists of a more practical and empirical frame of mind will gravitate toward business schools, where their practicality is valued and the salaries are typically higher.

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