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...addition, from the point of view of bringing the Harvard community together, these areas have the obvious benefit of requiring input from many—indeed most—of our faculties across the University. As intellectual matters, they touch on everything from basic research and scholarship to challenging and important applications that engage our professional schools. The issues presented by global health, energy, and the environment also cross the boundaries of the natural sciences, engineering, the social sciences, and the humanities. For example, the dissemination of antiretroviral drugs in South Africa has, until recently, been inhibited by benighted leadership...
...This finding has been described as the “Hedonistic Paradox”, which states that those who seek happiness for their own benefit often find themselves disappointed, whereas those who seek to improve the well-being of others may have a greater likelihood of being happy themselves. Research shows that those who are altruistic and selfless often have higher levels of happiness. Psychologists Ed Diener and Pelin Kesebir write, “Happiness appears to bring out the best in humans, making them more social, more cooperative, and even more ethical.” These findings are consistent...
...acting in an ethical manner” as a sacrifice—in which wealth is exchanged for virtue—but rather as an opportunity for gain through happiness. Ethical behavior (just like unethical behavior) can be born of self-interest. For everyone’s benefit, publicizing these findings from positive psychology might be just as important as oaths...
...recruitment efforts, expand its range of opportunities for talented workers, and improve public management. He also suggested that the government provide more financial motivation to join the public sector, such as through the implementation of programs like the Reserve Officers’ Training Corps, where students can receive educational benefits if they commit to working in government after graduation. Ellwood stressed the importance of making these changes now, during what he called a “once-in-a-generation opportunity.” “I think this is an amazingly important, exciting, but also troubling moment...
...much-changed financial landscape, many academics said there was no need to overhaul economic thinking.“I don’t think there’s any new particles being discovered,” Merton says, comparing the fundamentals of finance—market efficiency and risk-benefit analysis—to the building blocks of physical matter.While several major financial institutions have disappeared, leaving experts to sift through the wreckage, many Harvard professors said that the backlash on quantitative models was largely unwarranted. Furthermore, they say quantitative models have become so prevalent in recent years?...