Word: shleiferã
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After Shleifer and DeLong completed their doctorates, each taught at a few different universities before joining Harvard and Berkeley, respectively. But pure research was not the only thing on either of their plates in the early 1990s—each soon took up an important policymaking role, and Shleifer??s would soon land him in hot water...
...Summers became chief economist at the World Bank. That same year, the Soviet Union collapsed and the Russian-American Shleifer??under the auspices of the World Bank—became an adviser to the Russian government, eventually leading economic liberalization efforts through the Harvard Institute for International Development...
...government and the defendant parties, with Harvard and Shleifer paying millions of dollars in damages. And up until last week, Harvard had allowed Shleifer to maintain his endowed title with the Faculty of Arts and Sciences (FAS). Last Wednesday, FAS said it had concluded its ethics inquiry of Shleifer??s defrauding of the U.S. government, but it was not revealed whether FAS had taken disciplinary action on the economist until last Friday, when he appeared to have been stripped of his endowed title as Jones Professor of Economics and demoted to the less prestigious title...
Harvard also paid $26.5 million last year to settle a five-year-long lawsuit over Shleifer??s work advising a U.S.-funded program to privatize the Russian economy during the 1990s, after the fall of the Soviet Union...
...economics at Harvard this week,” Shleifer said in a statement. “Working with my colleagues and students is what matters to me, and nothing has changed about that.”A spokesman for the Faculty of Arts and Sciences, Robert P. Mitchell, confirmed Shleifer??s new title yesterday. The Boston Globe first reported the change on Friday.Harvard economics professors said that the move would likely not correspond with a cut in Shleifer??s salary, and it was unclear whether Shleifer had been penalized in any other way by the University...