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...Crimson men’s basketball team, but in the end it was yet another year in which a disappointing Ivy League losing streak crushed any hopes of achieving Harvard’s first conference title. The Crimson’s most notable win came during the tough pre-Ivy schedule in a game in which current Harvard coach Tommy Amaker faced off against his former squad. The resounding 62-51 victory over Michigan in front of a packed Lavietes Pavilion was a huge morale boost for Harvard. The Crimson looked ready to shake things up in the Ancient Eight...
...that requires them to bounce from one office hours to another, peddling their idea. (Or as Jeffrey Miron, the director of undergraduate studies for economics, put it, “the system is self-motivated and decentralized—like much in economics.”) For those without pre-existing relationships with professors (most small classes are taken during junior and senior years, especially in large departments), the prospect of finding an adviser can be especially daunting...
...fourth explanation is that economics is a practical and marketable degree. Many economics graduates land starting salaries in six figures. Economics is good training for business school, law school, or a career in public policy. With the growth of health economics as a field, even some pre-meds sensibly consider our department. The list of successful people with economics backgrounds spans many walks of life: Ronald Reagan, Gerald Ford, Diane von Furstenberg, Warren Buffet, Donald Trump, Kofi Annan, Sandra Day O’Connor, Arnold Schwarzenegger, Meg Whitman—even Gene Kelly, Mick Jagger, and Tiger Woods...
Another potential concern is that the prevalence of economics reflects pre-professionalism instead of the liberal arts ideal of intellectual inquiry. Never mind that Harvard started out largely as a pre-professional school (the profession then was being a Protestant minister). Some students may choose economics because they believe it is good preparation for a business career, but the department’s courses emphasize economics as an intellectual pursuit. This is an annoyance for some students, but in our view the right approach for a liberal arts university...
...going to experiment with this important decision, my suggestion is to send people a pre-paid debit card with the government’s logo and a statement that reads: “spend the government’s money...