Word: williamsons
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Dates: during 1990-1999
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Jeffrey G. Williamson, chair of Harvard'sEconomics Department, says that "anyone who'staken any economics" could learn a lesson fromBarro's departure...
...seems to be that you can't be the bestuniversity in the world or even compete with thebest universities in the world if you're notwilling to set aside resources to go after facultylike Robert Barro," said Williamson, who is alsoBell professor of economics...
...Williamson said he was concerned that otherschools's more lucrative offers would soon leaveHarvard behind if the University did not turn its$11 billion-plus endowment towards higher bids fortop faculty...
...feel it's life threatening yet,"Williamson said. "But [there are cases] when ifthe University wants to play in the major leagues,it needs to make the same kind of offers that aremade in Major League Baseball...
Harvard spokesperson Alex Huppe said as of yesterday afternoon he was uncertain if Barro had accepted Columbia's offer. Bell Professor of Economics Jeffrey G. Williamson, chair of Harvard's economics department, could not be reached for comment...