Word: economisters
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...highest ranking universities, according to a recent survey conducted by the Journal of Blacks in Higher Education (JBHE). This represents approximately one percent of the total number of economics professors at these schools. Twelve years ago, a survey of the same universities found 11 black economists. Harvard is no exception to the trend, with Caroline M. Hoxby ’88 as its only black economics professor. Prejudice against black economists does not seem to be at the root of the problem, according to the study. JBHE data reported that the low number of black economists at the university level...
...fitting that the Wall Street Journal broke news of his resignation. Larry is the son of two economists, the nephew of two Nobel laureates in Economics, the former Chief Economist of the World Bank, and has a PhD in Economics himself. With such expertise, he would probably have advised students against their play for profit at tradesports.com, where some bet on his continued presence at Mass. Hall beyond June. He would have been right; it failed. Yet, the context of his resignation makes me uncaring about the fate of some of my friends’ lost dollars...
...Summers won the John Bates Clark Medal, which is awarded every two years to an American economist under the age of 40 and is considered by some to be a precursor to the Nobel Prize...
...issue is Summers? handling of a Russian fraud scandal involving a close friend and colleague, Harvard Economist Andrei Shleifer. Shleifer and Harvard were found liable for combined penalties of nearly $30 million in 2004 after they were charged with defrauding a U.S. government program designed to help Harvard economists privatize the Russian economy in the 1990s. The scandal has long been considered one of Harvard?s darker hours, but a new 28-page expos? by investigative reporter David McClintick, published in the January 2006 issue of Institutional Investor magazine, brought new heat on Summers, whom the article describes as going...
...been forwarded around campus for weeks, and the ethics issues surrounding the Shliefer case were on many people?s minds, including Abernathy?s. He took the microphone and asked Summers about the allegations raised by the article. But Summers, a longtime confidant of Shliefer - not to mention a fellow economist who was a Treasury Department official during the time the Harvard-Russia-U.S. government fiasco was unfolding - took the Fifth. ?He said something about how he had recused himself from the case and had poor recollection of what happened,? says Abernathy. ?It was unbelievable. How could he not address...