When the economy is growing, people are generally more willing to take risks. That’s true for college students too. In the post-war boom of the 1950s, college students were confident of their economic futures and many studied liberal arts subjects such as English, history and philosophy. In the stagflation of the 1970s, interest in these disciplines plummeted. As the economy recovered, so did the humanities.

But now we have a puzzle.

This story about liberal arts degrees was written by Jill Barshay and produced by The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education. Sign up for the Hechinger newsletter.

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