I have a buddy who swears that an econ phd and job in academia is the bees knees, and the tenure track is easily achievable compared to other disciplines. Should I drop out of the rat-race and do it, or is this guy full of shit? I'd imagine econ phds have options other than academia so they are more in demand for academia and thus have an easier route than all the B.S. phds that can only be professors. If your happy with low 6 figures for less than 40 hrs a week, summers off and almost 100% job security I'd say go for it.