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...second theory is that economics is the path of least resistance. A student might major in economics because a friend or teammate does—a “herding” effect—or because economics has fewer requirements than many concentrations (10 courses, and 12 for honors). But in recent years, the department has made the concentration tougher, requiring calculus and econometrics on top of statistics, and the number of concentrators has gone up, not down. The grading curves in core economics courses are also among the toughest on campus. Herding, moreover, fails to explain the fact...

Author: By Jeffrey A. Miron | Title: Economic Surplus | 6/2/2008 | See Source »

...forgetting all they learned about energy conservation. Yet convincing signs—including a recently released repot by the International Energy Agency (IEA) indicate that a new oil crisis may develop by the end of the decade that would “deal a devastating blow” to major industrialized countries...

Author: By Antony J. Blinken | Title: Guzzling Away | 6/2/2008 | See Source »

...laudable self-awareness, it also had the character of a stunt: Where was the mention of France’s more recent oversteps in colonial Algeria? Perhaps education design should be left to the educators, and not the politicians. It is, of course, difficult to ask or impel any major power to come to grips with its past errors, but the nearer states draw to honest self-assessment the more remote the prospect of future atrocities becomes...

Author: By The Crimson Staff | Title: Into an Uncertain Future | 6/2/2008 | See Source »

...major reason for an extension of parietal hours is that it would increase the physical vigor of the undergraduate. The University is defeating the whole, healthful purpose of Daylight Saving Time in maintaining the present regulations. Hours should be extended to ten o’clock to enable students to take advantage of the Cambridge Spring...

Author: By The Crimson Staff | Title: Love in the Afternoon | 6/2/2008 | See Source »

...Doubtful also is the prospect for quick, major changes in France’s government. The present parliamentary system has many fireworks but few explosions. Prosperity is increasing; the people, according to Hoffman, seem highly concerned over the length of paid holidays. For the Frenchman things are better than every, and the long-range fate of the nation in such circumstances is often a remote worry. As they say, “Plus ça change, plus c’est la meme chose.” The more things change in France the more they seem to stay...

Author: By Charles S. Maier | Title: Not Yet The Deluge | 6/2/2008 | See Source »

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