Rantings and tirades of a frustrated economist.
MBA's are like Norman Dykes? Aren't you being a bit cruel to French lesbians there, Captain?
I'll begin taking MBA's a bit seriously when they formally have a 2 semester multi credit hour course about Austrian economics.Until then, these guys are just as dangerous as members of Congress.
Just curious - (since you do seem to have insight into this sort of stuff and college degrees, worthless or otherwise, have been a fixture on your blog) - do you think all those online degrees are scams? [I don't have one myself so I don't have first-hand experience.) I am sure that the university of phoenix type stuff is crap, but actual, useful majors from schools with known engineering programs are starting to go online - if many jobs can be done as easily telecommuting as in person, surely higher-division technical courses could be as well? From my experience they are mainly independent anyway-I can tell you that upper division/graduate courses in math are basically about reading the text and research literature - the lectures can't cover more than a small % of an advanced tech class in a few hours per week.)I know this isn't probably going to be the main thrust of the discussion but just thought I'd ask.Enjoy your 2-month vacation and enjoy the decline from the road! :-)
How to you mean enjoy the decline - we're not declining, we're already there, i.e. declined. :)They all learn the same crap, all copy each other and when the ecoonomy goes tits up it's obviously not because of something they've done because they're just following the established wisdom, so how could they possibly be wrong?And if anyone in their company were to suggest they were wrong, they'd be 'let go' to be replaced by someone with an MBA, because they'd understand, right?Can't be long now till the day where you can't get any job, no matter how menial unless you have an MBA, so that you don't upset the established wisdom!
At first I had the same reaction as the captain (which led to a sequence of ever more annoyed tweets), but I had some time to think about it and I think this may be a good trend. My thoughts, blogged:http://sitacuisses.blogspot.com/2011/07/my-thoughts-on-kenan-flagler-89000.html
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