Word: shleifer
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...Shleifer says he became a research assistant to Summers at the end of that year, staying with the future Secretary of the Treasury for the next three or four years...
...much more influential than any classes,” Shleifer says...
Lazonick ended up advising DeLong, who is now noted for his work in economic history, on his thesis, which examined the industrial revolution through the lens of classical economic theory. Shleifer and DeLong would actually write one paper on a similar topic—the growth of cities before the industrial revolution—which Shleifer credits to DeLong’s interest in and knowledge of history...
After graduating from college, Shleifer chose MIT for graduate school while DeLong remained at Harvard. Summers moved to Harvard the next year, and the three would soon after collaborate on a series of papers on “noise trading”—the buying and selling of stocks in the absence of new information that allows traders with information to make money...
...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...