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...people who speculate know very little about it,” said Furer Professor of Economics Oliver D. Hart. Mechanism design theory emerged from the debate over whether a central planner could allocate resources efficiently without knowing everyone’s preferences, according to Abbe Professor of Economics Drew Fudenberg ’78, who co-authored an influential paper with Maskin. While the winners’ work is theoretical, it has important practical applications, such as federal auctions of the broadcast spectrum. “Once you know what’s possible, it gives you a framework...
...Drew G. Faust: Harvard’s new leading lady in academia, integrity, and...fashion? This past Friday, Tercentenary Theatre was teeming with Harvardians, both young and old, trying to catch a glimpse of our illustrious leader, Faust. Attendees braved the elements, anticipating long speeches, and plenty of Hogwarts-esque black robes. But what about Faust, the woman of the hour? “I decided I was going to wear a skirt,” says Faust. “I thought that as the first woman president of Harvard, I should be the first person to be inaugurated...
Harvard’s search for a new dean of the Radcliffe Institute for Advanced Study officially began yesterday as University President Drew G. Faust sent an e-mail to Radcliffe alums, faculty, and staff announcing the appointment of an advisory committee. Higgins Professor of Natural Sciences Barbara J. Grosz has served as interim dean of the institute since Faust, Radcliffe’s founding dean, moved to Mass. Hall on July 1. Homi K. Bhabha, the senior adviser in the humanities at Radcliffe and a member of the advisory committee, said yesterday that the committee will consider both internal...
...silver keys, two seals of the University, the earliest College record book, and the Harvard Charter of 1650: these were the symbols of power transferred from former presidents Summers, Bok, and Rudenstine and Senior Fellow James R. Houghton ’58 to President Drew G. Faust last Friday as she was officially installed. It was a formal, yet ebullient and optimistic day: one for reflecting on the forces that unite this great University and that will propel it to new heights in the future. In this context, the fiery speech that Undergraduate Council President Ryan A. Petersen...
Newly-installed University President Drew G. Faust is probably going to hold down Mass Hall for a very long time. Good...