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gwern comments on Problems in Education - Less Wrong
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Yes, given that economics is apparently one of the most lucrative fields around going by Caplan's recent post on majors, it's interesting that the econ students aren't ranked even higher.
Chicken-and-egg problem: Non-economics majors don't think economically enough to choose fields on the basis of their remuneration?
That seems to explain why Econ majors get a premium, but that doesn't seem to explain why econ majors don't rank higher, or am I missing something?