Why we subsidise arts majors
ALEX TABARROK, a George Mason economist and blogger at Marginal Revolution, notes that though many more young Americans, about 50% more, now go to college than did 25 years ago, the number of students studying science, engineering, technology, or mathematics has not increased. So, Mr Tabarrok asks, “If students aren’t studying science, technology, engineering and math, what are they studying?” They are studying interesting and enjoyable fields, it turns out. Mr Tabarrok reports, with no little dread: