Word: economisters
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When conservatives on the Board tried to block the appointment of economist John Kenneth Galbraith in 1948, for example, University President James Bryant Conant ’14 threatened to resign if the Overseers did not confirm the appointment. As Andrew B. Schlesinger ’70 recounts in his book, “Veritas: Harvard College and the American Experience,” the Overseers promptly backed...
...Summers’ vision was so compelling that it often seemed that the faster it could come to fruition, the better. Perhaps it was Summers’ experience away from the academy, first at the helm of the Treasury Department and as the World Bank’s chief economist prior to that, that made him uniquely in touch with the most vital issues of our era. Summers frequently suggested that future textbooks would look back on our time as the era of a life sciences revolution and an age of rapid globalization. These ideas resonated with idealistic students...
...Summers,” which delighted her for months.During chats in his office, Larry was surprisingly frank. He never told me what not to take, but his enthusiasm for the courses he recommended was so strong that his guidance was clear. He talked casually about his life as an economist and what molded his worldview, giving suggestions about life, possible career paths, and concentrations as he went along. As much as he advised, he also questioned, and it became clear to me that I was one of his windows on the undergraduate experience, along with the question-and-answer sessions...
...trillion, made headlines across the world. “It’s impossible to evaluate the cost and benefits of the war if you don’t have an accurate picture of what the cost is,” she says. Bilmes collaborated with Nobel prize-winning economist Joseph E. Stiglitz of Columbia University to calculate the mind-boggling quantity. They presented their findings at a conference in Boston this past January.Bilmes and Stiglitz say their estimate is four times the projections from the Congressional Budget Office (CBO). But that CBO sum only takes into account the direct...
...education, and we believe that the best thinking is a collective process in which civility, fairness, respect for critical feedback, and the scrupulous avoidance of conflicts of interest are indispensable.Enter Larry Summers. The 1991 “toxic waste” memo that Summers signed while World Bank chief economist was worrisome enough. But Summers’ muscular display at Harvard’s bully pulpit replaced our worry with fear. Soon after 9/11, Summers delivered a speech urging the University to be more patriotic and directing the Kennedy School to give its next public service award to a military...