The Right Coast

September 02, 2005
Economic Knowledge
By Mike Rappaport

At Marginal Revolution, they have an economics question that 78 percent of Economic PhDs got wrong. Happily, I haven't forgotten my economics. Test yourself.

Update: I wonder what the rewards were for the economists. Unless they paid them for the right answer, maybe they didn't try too hard. But at least the study shows that they did not know the answer off the top of their head. I am skeptical about the study, but it is sad, if true.