>This is nothing new. Thank you for bringing up this point (and speaking to it personally from 20+ years ago!). I have been beating this drum for years since I

>This is nothing new. Thank you for bringing up this point (and speaking to it personally from 20+ years ago!). I have been beating this drum for years since I've read Paula Stephan's research[1] on "How Economics Shapes Science." The overproduction of PhDs, the delaying of retirement by professors, and the addition of institutions to grant funding have been known since the 1980s, and the trend has been linear since then. [1] http://www.amazon.com/Economics-Shapes-Science-Paula-Stephan/dp/0674049713 http://www.amazon.com/Economics-Shapes-Science-Paula-Stephan...