ABSTRACT
The survey and the questionnaire effectively show us graduate education in economics at the elite universities. They reveal strengths in graduate economics education. The mainstream economists wish the students had a stronger sense of workmanship, but that's a problem in the students; it's not a problem of graduate economics education. Graduate students need only look around and see who the young successful economists are and where the payoffs are. The economics profession must establish a set of conventions to guide students so they can deal effectively with a wider range of empirical evidence—so they can learn to make reasoned, and reasonable, judgments that employs the available empirical evidence. The reality is that most students who major in economics are actually business majors in disguise. The demand for their services comes from servicing business school students, and if they are to get majors, they must keep the level of technique they teach far that of graduate schools.
