Economists seem to be everywhere in the media these days. But what exactly do today's economists do? What and how are they taught? Updating David Colander and Arjo Klamer's classic The Making of an Economist, this book shows what is happening in elite U.S. economics Ph.D. programs. By examining these programs, Colander gives a view of cutting-edge economics--and a glimpse at its likely future. And by comparing economics education today to the findings of the original book, the new book shows how much--and in what ways--the field has changed over the past two decades. The original book led to a reexamination of graduate education by the profession, and has been essential reading for prospective graduate students. Like its predecessor, The Making of an Economist, Redux is likely to provoke discussion within economics and beyond. The book includes new interviews with students at Harvard, Princeton, Stanford, MIT, Chicago, and Columbia. In these conversations, the students--the next generation of elite economists--colorfully and frankly describe what they think of their field and what graduate economics education is really like.
The book concludes with reflections by Colander, Klamer, and Robert Solow. This inside look at the making of economists will interest anyone who wants to better understand the economics profession. An indispensible tool for anyone thinking about graduate education in economics, this edition is complete with colorful interviews and predictions about the future of cutting-edge economics.
David Colander is Christian A. Johnson Distinguished Professor of Economics at Middlebury College. He is the author or editor of more than thirty books, including "Why Aren't Economists as Important as Garbagemen?", "The Lost Art of Economics", "Economics" (Irwin/McGraw-Hill), and "The Stories Economists Tell" (Irwin/McGraw-Hill).
Preface vii CHAPTER ONE: Introduction: Understanding Economics and Economists 1 PART I: THE SURVEY RESULTS 17 CHAPTER TWO: The Making of an Economist, Redux 19 CHAPTER THREE: Further Results from the Survey 60 CHAPTER FOUR: How the Views of the Original Survey Respondents Have Changed 84 PART II: CONVERSATIONS WITH GRADUATE STUDENTS 107 CHAPTER FIVE: Harvard Interview 109 CHAPTER SIX: Princeton Interviews 126 CHAPTER SEVEN: Stanford Interview 148 CHAPTER EIGHT: MIT Interviews 165 CHAPTER NINE: Chicago Interviews 188 CHAPTER TEN: Columbia Interview 215 PART III: REFLECTIONS ON THE SURVEY AND INTERVIEWS 225 CHAPTER ELEVEN: Does This Have to Be Our Future? (Arjo Klamer) 227 CHAPTER TWELVE: Reflections on the Survey (Robert M. Solow) 234 CHAPTER THIRTEEN: The Academic Research Game and Graduate Economics Education 239 Notes 251 Bibliography 259 Index 261