Word: krauses
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...Kraus says he never considered seeking a statewide office until his friends urged him to apply his background to an office riddled with problems...
...Kraus, who has a Harvard Ph.D in economics, says some people criticized his University experience as useless because "politics don't go according to the book on Beacon Hill." But, he says, those people don't know university politics...
...politics involved in running a big university are very similar to the politics of running a state government," Kraus says...
...Kraus began working on financial aid problems at GSAS during a "crisis time," Jones says. The government had cut support for graduate education. So in a system dubbed the Kraus plan, he devised a means for allocating the remaining resources "as equitably as possible...when people were used to a different type of lifestyle...
...Kraus' plan was the germ of the system that is currently in place," Jones says. "The system was based on financial need, which was a new idea for the grad school. And at that point, Harvard [was in] a pioneering situation...