“Most economists could make more money by moving to industry. They stay in academia for the glory and influence… (Junior economists) know that they are most likely to rise within their profession if their ideas and research topics support the existing paradigm, therefore not posing too big of a threat to the senior colleagues deciding on their tenure case. By the time anyone is up for tenure, they have built a body of thought that they now identify with. While they have the freedom, potentially, to stray from that, the ideas may have solidified in their worldview.”
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