In Germany, the national government funded the universities and the research programs of the leading professors. It was impossible for professors who were not approved by Berlin to train graduate students . In the United States, by contrast, private universities and state universities alike were independent of the federal government. Independence was high, but funding was low. The breakthrough came from private foundations, which began regularly supporting research in science and history; large corporations sometimes supported engineering programs. The postdoctoral fellowship was established by the Rockefeller Foundation in 1919. Meanwhile, the leading universities, in cooperation with the learned societies, set up a network of scholarly journals. " Publish or perish " became the formula for faculty advancement in the research universities. After World War II, state universities across the country expanded greatly in undergraduate enrollment, and eagerly added research programs leading to masters or doctorate degrees. Their graduate faculties had to have a suitable record of publication and research grants. Late in the 20th century, "publish or perish" became increasingly important in colleges and smaller universities. 
In order to teach economics and become a part of the top tier of academia, receiving a doctorate degree is the final stage of your mission. Doctorate programs can take as long as 5 to 7 years and require extensive, laborious research, but by receiving preliminary degrees, assembling the necessary test scores and letters of recommendation, and completing all the necessary coursework, you will one day be able to reach your goal.
How to Get a Doctorate in Economics . In order to teach economics and become a part of the top tier of academia, receiving a doctorate degree is the final ...
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Most people do not know what an RD is. In fact, I’m in a college library study room right now full of MBA candidates, and when I asked the room (about 30 people) if they knew what an RD was, the resounding answer was no. This page was meant for advice, plain and simple. Getting all burnt up over something this small isn’t indicative of an individual who wants to be employed anywhere I know of.