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Kasz216 said:

Actually... I think most economics departments also tend to skew liberal... despite most economists being conservative.


It's led to quite the split between Academic and Private research and outlook.


Most Academic Economics now mostly looks at abstract theoretical questions, while Private economists focus on actual practical real world economics.

It's why you can have people like Paul Krugman when a Nobel Prize... yet not actually have any sort of understanding on how markets actually work on a mecanical level.  Instead relying on overly simple equations that suggust cure all solutions only when used in aggregate.

http://blogs.reuters.com/great-debate/2011/07/26/a-great-divide-holds-back-the-relevance-of-economists/

 


It's intersting, because often you'll find when someone shifts from one realm to the other, they also tend to shift accordingly when it comes to the right or left of economic beliefs.

yeah.. no.

As someone who is about to revieve a bachelor's in Economics this spring, I can say that's wholly untrue.

The first ~1.5 years was more abstract (nowhere near the level you're presenting, however), but then we started learning about specific markets of the state I live in. My thesis was on just that.