Word: feldstein
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Every year, nearly 1,000 people sign up to hear Martin S. Feldstein'62, Baker professor of economics, extol the virtues of the free market in Social Analysis 10: "Principles of Economics," inevitably the biggest class at Harvard. But if the invisible hand had its way, the class commonly known as Ec 10 might have competition for that coveted title...
...that always asked questions in Chem 10 lecture, and now always asks questions in BS I lecture. My economics friends talk about their section-mates who worship famous professors--such as Stone Professor of International Trade Jeffrey D. Sachs '76 and Baker Professor of Economics Martin S. Feldstein '61. Friends who share academic interests and acceptable section behavior can commiserate about their experiences...
Friday, February 5: Frustrated that Social Analysis 10, "Principles of Economics," taught by Baker Professor of Economics Martin S. Feldstein '61, captures the top market share every year, the other Social Analysis professors collude to form a counter cartel but fail miserably. Subsequent market research shows why: Because Ec 10 is an indivisible full-year course, most students have already developed brand loyalty by the spring. Thus, the demand for Social Analysis 10 is shockingly inelastic. Susumu Kuno, Jay Jasanoff and Lynn Nichols, instructors for Social Analysis 34, "Knowledge of Language" are speechless...
Keel also said many members of the committee personally came up to Feldstein after the end of the last meeting to praise him for his work...
...Feldstein helped the committee stick to an agenda and tried to insure that the committee did not waste time on fruitless measures...