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Even if these topics seem far from the realm of economics, well, they’re not. As Summers explained to me, anything which “involves the choice or allocation of resources or incentives” can be defined as economics. Summers also called his fellow Clark medal laureate Levitt “superb”—in case you’re wondering what the University president is reading...
Levitt himself is a heavyweight—of Sumo-sized proportions—in the world of economics. A one-time resident of Wigglesworth H-entry, he excelled academically as an undergrad here, making Phi Beta Kappa his senior year. In 2003, he won the John Bates Clark Medal, awarded to the top American economist under age 40. Past winners include current Harvard faculty members Andrei Shleifer ’82, Martin S. Feldstein ’61, Dale W. Jorgenson, and Lawrence H. Summers...
...million Reserve price at a Shanghai charity auction for the track shoes worn by Chinese athlete Liu Xiang when he won the 110-m hurdles gold medal at the 2004 Athens Olympics
Winner of the John Bates Clark Medal of the American Economic Association in 1977—which, along with the Nobel Prize, is considered the most prestigious award in economics—he is most famous for his research on taxes and government spending and the way in which policy influences consumer behavior. His name frequently appears on the op-ed pages of major publications, and many say he is a driving force in persuading the public to back President Bush’s tax cuts...
...target is not on our back, it’s on the gold medal,” Holzapfel added. “[And] on the winner’s dock...