Re: [Pen-l] Questions on graduate school

[Bill Lear <rael@xxxxxxxxxx>]

On Monday, April 27, 2009 at 07:48:00 (-0700) Jim Devine writes:
>Max Sawicky wrote:
>> Re: comparing efficiency of public v private institutions, if you are
>> talking about service provision, you don't want a degree in econ or
>> finance.  You want to do public administration with Donald Kettl (U of
>> P), Gene Bardach (Berkeley), or John Donahue (Kennedy School/Harvard).
>>
>> I can't speak on finance.
>
>economics _can_ help, though I'd say that most economics graduate
>programs won't do so. Most (perhaps the vast majority of) econ. grad
>programs these days are (1) totally focused on very abstract
>mathematical models; and/or (2) pushing the Gospel of the Invisible
>Hand. UT Austin used to be a hotbed of Institutionalism, but I don't
>think that's true any more.
>
>Finance seems even less likely, since it's not about public finance;
>it's about financial markets.

Yeah, but our financial market system is so heavily intertwined with
public finance, I feel I need to understand financial markets as well.

It's not that I don't know how to dig up some of this information ---
Doug Henwood's *Wall Street* was exceptionally helpful to me --- but I
want to master all of the details and I'd really like to build a very
comprehensive behavioral model (simulation) of these things.


Bill
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