The First Thing We Do, Economists, etc.

"The first thing we do, let’s kill all the lawyers".
     – Henry VI, (Act IV, Scene II).

Tonight I happened to be looking at some data on the top 50 economics programs in the world. Just for fun, I resorted the list by country, and then bucketed the institutions accordingly:

Country Num
U.S. 40
U.K. 5
Canada 2
Israel 2
Germany 1

In the context of the above rankings, does knowing that the U.S. has been the epicenter of the biggest financial crisis since the Great Depression (and the U.K. the next most hard hit) in any way change your impressions of the economics profession? Would you say the same thing if we were talking about, say, medicine or engineering? I thought so.

Related posts:

  1. Surviving the “Contained Depression”
  2. The U.S. as Financial Nuisance
  3. Mr. Market’s Dell Mood Swing Thing
  4. Get Your Banking Crises Correct: 1872/73 vs. 1929
  5. Links: EM Debt, Volatility, Iceland, Dubai, CLOS, etc.