NR intern Carlos Ramos-Mrosovsky e-mails: “The Economist reports that supply of economics PhDs in the United States has outstripped demand. According to an article in the British magazine’s August 7th issue, applications to graduate economics programs have risen by 70% since the 2000-2001 academic year while employment opportunities in the private sector and academia have fallen by about 10% yearly. An opposite dynamic seems to be at work in Britain: British enrollment in economics programs at UK universities has slumped though Continental students are flocking to economics programs. European demand for economists has risen, thanks to the Eurotechnocracy’s insatiable appetite for economic analyses.

“On their side of the Atlantic: central planning and creeping socialism. On our side: Oversupplied economists, or, in a word, poetic justice. ”