Tag Archives: economics

Four reasons why college degrees are becoming useless

Link here. The first two reasons are illustrated forcefully by the madness we have recently seen in many college campuses, where mobs of screaming thugs take over and drown out anyone who wants to discuss the issues at hand rationally.

The last two reasons are less noticeable but more economically important. Combined with the first two reasons, expect there to be a collapse in attendance at colleges in the coming years.


The sad and dishonest state of economic research

A survey of professional academic economists finds that a large percentage are quite willing to cheat or fake data to get the results they want.

From the paper’s abstract:

This study reports the results of a survey of professional, mostly academic economists about their research norms and scientific misbehavior. Behavior such as data fabrication or plagiarism are (almost) unanimously rejected and admitted by less than 4% of participants. Research practices that are often considered “questionable,” e.g., strategic behavior while analyzing results or in the publication process, are rejected by at least 60%. Despite their low justifiability, these behaviors are widespread. Ninety-four percent report having engaged in at least one unaccepted research practice. [emphasis mine]

That less than 4% engage in “data fabrication or plagiarism” might seem low, but it is a terrible statistic. Worse, the other results make me think that the many of the 96% who said they didn’t do this were lying. 40% admit to doing what they agree are “questionable” research practices, while 94% admit to committing “at least one unaccepted research practice.”

In other words, almost none of these academic economists can be trusted in the slightest. As the paper notes, “these behaviors are widespread.”