Word: shleifer
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Depending on your point of view, 2000 was either a great year or a terrible year for Professor of Economics Andrei Shleifer...
Harvard and Shleifer have since settled, and the waters have calmed on the legal front. But this case has been one of simmering controversy that occasionally bubbles over. As such, the settlement may have ended one part of Shleifer’s story, but the whole ordeal might be far from over...
...star began to rise in the 1980s, Shleifer was often mentioned in the same breath as stellar Harvard economist and future University President Lawrence H. Summers. Indeed, the two had met when Shleifer was a Harvard sophomore. According to an Institutional Investor article published in January of this year, rumor has it that he pointed out errors in one of Summers’ papers, and after that, the two became mentor and mentee, invisible hand in invisible hand...
...When Shleifer earned a tenured position at Harvard at the ripe age of 30 in 1991, he was again in league with Summers, who got his top spot at 28. That year, both would take leave from the University, Summers to serve as chief economist at the World Bank, and Shleifer to act as an economic advisor to his native Russia...
Like star professors? Well, you’ve found the right class. Economics 1030, “Psychology and Economics,” is taught by not one, but two very well-known Harvard professors: David Laibson and Andrei Shleifer. You’ll recognize Laibson, a rising star within University politics and already prominent within the world of economics, from his famous “printers and ink cartridges” Ec10 lecture on hidden costs and the economic irrationality of individuals. Andrei Shleifer, on the other hand, is infamous for his alleged improprieties in dealings with government contracts...