Roberta Romano's (Yale) interesting comments and reflections, presented at the AALS Biz Assoc panel, on the distinctions (albeit subtle) between the efficacy of formal economic versus finance PhD training for corporate law scholars warrant attention. Rather than risk redundancy, however, interested readers can click here and get to Matt Bodie's (St. Louis) helpful summary (and comments) over at Prawfsblawg.
A finance PHD is certainly better for someone in corporate or securities law. But a finance PHD isn't all that differnet from an econ PhD. Usually they take the econ first-year courses, and just specialize a bit more and interact more with finance faculty than would an Econ Dept. student who takes the same first-year courses and then makes finance his subfield.
Posted by: Eric Rasmusen | 17 May 2010 at 11:01 AM