I am wondering why best alumni of DSE had to have more degrees before entering reputed Ph.D.s in USA.
See, Harvard University Econ. Professor Gita Gopinath had to have Masters from Univ. of Washington(
Gita Gopinath CV) before she could enter Princeton.
Princeton Professor Dilip Abreu had to have M.Phil. from Oxford before entering Princeton(
Abreu's CV).
I want to have Ph.D., but am nervous because I don't want to "waste" so many years earning it.
Please give me advice as I am going to enter(perhaps) DSE or ISI next year and wish to be in good doctoral program by the end of 2016.