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The Making of an Economist, Redux
That book is by David Colander of Middlebury. Can I do better than to quote that weird blogger guy who wrote the blurb?:
The Making of an Economist, Redux is self-recommending. David Colander's work on the profession of economics is by far the best we have. A significant follow-up to his book of twenty years ago, it will become the standard account of what economics graduate school is like.
This book isn't for all MR readers, but if you think it might be for you, it is. Here is the book's home page.
Posted by Tyler Cowen on March 29, 2007 at 01:00 PM in Books, Economics, Education | Permalink
Comments
The only problem I would have with the publicity on this certainly useful book
is that there is this implication that the earlier one altered practices in econ
grad schools. Certainly the earlier one triggered a lot of discussion about things
like too much pointless math and so forth, but it is not obvious that econ grad
programs went and did much too change their programs in response to those discussions.
One theme in the new one is the complete incoherence and irrelevance of much of the
current teaching of macro at the grad level. Will it lead to a change in that? I am
not holding my breath, although I happen to agree with Dave C. on the matter.
Posted by: Barkley Rosser at Mar 29, 2007 2:43:07 PM
Is this something to read before you enter an economics grad program, or after you finish?
Posted by: cljo at Mar 29, 2007 2:45:51 PM
I read the older version and found it helpful in deciding about graduate school. Some of it seemed questionable--if I recall correctly, the authors argued that, with the exception of the University of Chicago, most students in the top programs were secretly disappointed that grad school was not preparing them to become the next John Kenneth Gailbraith or Kenneth Boulding. While my subsequent conversations with econ grads pretty much contradicted that argument, they did indicate that the book was accurate in its depiction of how econ programs diverged from the expectations that many applicants brought to them.
Posted by: mike at Mar 29, 2007 4:01:23 PM
I was interviewed in the first book, and I thought the authors' interpretation of the interviews--that we were cynical and disillusioned and didn't believe in any of the economics we were studying--was inaccurate. They seemed to be confused by the idea that you could be really interested in economics without thinking you were going to save the world with it.
Posted by: srp at Mar 29, 2007 7:58:39 PM
Barkely, he acknowledges that the first book didn't change anthing.
Posted by: jason voorhees at Mar 29, 2007 10:02:38 PM
I was interviewed for the first book too. I think it is also really important to keep in mind the sampling plan that led to the set of students in the interviews. To wit, people volunteered. At places other than Chicago, the people with an ax to grind were, I suspect, over-represented among those who showed up for the discussions. This is a pretty general phenomonen - having something to say increases the probability of response to surveys by increasing the benefit of response to the potential responder.
At Chicago, the domestic students (who were very strongly over-represented in the interiews - as I think there were at the other places as well) were all pretty happy. The selection process into Chicago at that time was, I suspect, different than elsewhere. Many (but by no means all) of the domestic students had libertarian leanings, and had come to Chicago both to learn economics and to enjoy an intellectual environment in which classical liberal ideas were taken seriously and debated. We got that, and so I think for that reason were happier.
Plus, as Bob Lucas told us at orientation in our first year, the thing that made Chicago different from the other top schools was "we take economics seriously". That is a bit strong, but at the same time Chicago at the faculty level was not tolerant of research that was just mathematical wanking. This attitude that there had to be a point to things other than showing off one's technical prowess made the technical material go down easier.
On a related matter, how much am I bid for my code sheet that reveals the identities of the Chicago interviewees? :) Or, if any of them are reading, how much do you bid for me not to reveal ....
Jeff
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