Economy Hits Economists, Economist on Economy
Written by Bwog Staff
The Wall Street Journal reports that Columbia’s Economics department, along with Econ departments across the country, is hiring no new economists this year. Last year, Columbia made nine new hires, eight of whom were snagged from other schools.
Economists can generally make more working for the government or the private sector, but, for obvious reasons, jobs in those areas are not quite as plentiful as they used to be.
On the well-employed side of the economist equation, Columbia econ prof Jagdish Bhagwati weighed in on protectionism in the federal bailout package, arguing against a ‘Buy American’ provision in the bill. Sadly, the stimulus has no provision aiding ailing econ PhDs.