Are Economics PhDs Learning the Wrong Thing?

Economists rely on models--maybe too much
Photograph by Fotosearch/Getty Images

“Sure, I’ll be your straight man,” says Gene Grossman. He’s the chair of Princeton’s economics department, which U.S. News & World Report ranks in a four-way tie for first with Harvard, MIT, and the University of Chicago. He has rather reasonably agreed to answer a rather rude question: Are the best graduate programs screwing up their economists?

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