Pentashagon comments on Problems in Education - Less Wrong Discussion
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I'll put it this way: in the average GRE scores by intended field, education ranks below philosophy & STEM in every subtest, and various forms of education rank very low (early childhood education is, out of 50 groups, second from the bottom in 2 subtests and fifth from the bottom in the last subtest).
Education even ranks below Religion in every category. Also, Economics is only quantitatively better than Religion. </abuse of ranked lists of things>
Not surprising, given my experience. Most religion majors I've met were relatively smart and often made fun of the more fundamentalist/evangelical types who typically were turned off by their religion classes. Religion majors seemed like philosophy-lite majors (which is consistent with the rankings).
Edit: Also, relative to Religion, econ has a bunch of poor english speakers that pull the other two categories down. (Note: the "analytical" section is/was actually a couple of very short essays)
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?