Grad School?

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    Dr. Herbener,

    I was wondering if you think that it is necessary (or even helpful) to go to graduate school for economics? George Mason is the only college in the United States to offer an Austrian economics concentration. However, even at GMU, you need to take all of the Keynesian and math-oriented general education courses for the first year to year and a half. From merely a learning perspective (not accounting for job prospects, etc.), would I be better off learning this stuff on my own?

    Thanks so much!


    If you just want to learn economics and practice it as a vocation, then you can learn outside of formal university settings. You can read on your own and participate in various educational program such as the Mises University and Mises Academy.

    Graduate school earns you a credential that can be helpful in various career paths. But graduate degrees are not essential to learning economic thought.

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