Word: delong
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...economist Brad DeLong pointed out last May how, on a public budget, the University of California system expanded from teaching 5,000 undergraduates a year in 1960 to 40,000 a year today. During the same time, Harvard grew from 1,200 to 1,600 a year, despite accumulating billions in private donations. It is hard to argue that those additional funds for Harvard were effective on the margin. Harvard has a vested interest in keeping its student body small, since what it produces is essentially a luxury good in the form of Harvard diplomas. As one commenter on DeLong?...
...Quotes about Krugman: • "The best claimant to the mantle of John Maynard Keynes." - economist Brad DeLong...
...that it does not call for different central banks and Treasuries to do different things, but rather for them all to do the same thing in unison without fouling each other's oars. That should be relatively easy to arrange," wrote University of California, Berkeley, professor J. Bradford DeLong in a new e-book about the crisis...
...Bradford DeLong ’82, an economist at the University of California, Berkeley, said that the number of top high school students has increased “between five and tenfold over the past half century,” and that, in response, the California system has “scaled itself up roughly from 4,000 to 40,000 undergraduates a year...
...Harvard has received roughly $15 billion or so in gifts to carry out its mission as a charitable philanthropy and yet has only managed to scale up from roughly 1,200 to 1,600 undergraduates a year,” DeLong said, meaning that the California system had only about four times as many undergraduates as Harvard in 1960 compared to twenty-five times as many today. “As an alumnus, I think that pretty much speaks for itself...