A Naked Economist in Washington?

Charles Whelan, author of Naked Economics and a lecturer in public policy at the University of Chicago, launched his bid for the U.S. House of Representatives.

The Financial Crisis and the “Chicago School of Economics”

On Bloomberg.com, John Lippert presents an interesting and extremely well-reported article on the financial crisis’s impact on the thinking of Chicago economists. It does a nice job of capturing the multifaceted nature of the institution, with people on all sides of the issues. I absolutely love the following excerpt, which better captures what it is […]

Serious Academic Debate

Only at the University of Chicago. A while back, the university made plans to start a Milton Friedman Institute. It has been the source of some controversy. The latest installment is reported in the student newspaper, the Chicago Maroon. The beginning of the article is a little boring — but definitely read to the end, […]

John Cochrane on Why the Bailout Plan Would Be a Disaster

My colleague John Cochrane has written an insightful piece on the bailout. In short, he believes that the Treasury plan needs to be shot, have a stake driven through its heart, and be buried. His arguments, posted on his website, are reprinted below: The Monster Returns By John H. Cochrane A Guest Post Like a […]

Brian Jacob Takes Home the David Kershaw Prize

Congratulations to my co-author and former student Brian Jacob, who just won the David Kershaw Prize for being the most distinguished researcher under the age of 40 in the field of public policy. The prize is given every other year by the Association for Public Policy Analysis and Management. Past winners include David Ellwood, John […]

No Free Lunch, Even for Royalty

L. Gordon Crovitz writes in today’s Wall Street Journal about the dispute at the University of Chicago over whether to name its new institute after Milton Friedman. In making the point that the U. of C. strives to be resolutely apolitical, even in the awarding of honors, Crovitz includes this delicious anecdote: The mayor of […]

David Warsh on the New Milton Friedman Institute

There is a mini-controversy on the University of Chicago campus surrounding the announcement of plans to raise money for a Milton Friedman Institute here at the university. Some non-economists are concerned that the Friedman Institute will push a right-wing agenda and tarnish the reputation of the university. Some who knew Friedman well have the opposite […]

Ashwini Versus the A.F.L.-C.I.O.

A modern variant of David versus Goliath is unfolding in academic economics. Ashwini Agrawal is David. He is a graduate student getting a Ph.D. at the University of Chicago Graduate School of Business. The A.F.L.-C.I.O. is Goliath. Here is the background, as I understand it: The A.F.L.-C.I.O. manages huge pension funds for its members. These […]

Oversubscribed Classes

I make a brief cameo appearance in this Chronicle of Higher Education article about how universities allocate students to popular courses. It mentions the student who tried to sell her spot in my class, thereby bringing down the wrath of the University administration. I liked her approach, though, so we’ve now got her employed doing […]

Mondrian Soda?

If you go into the cafeteria at the University of Chicago’s Graduate School of Business, you will come upon a rather extraordinary display in the soda case: It reminded me of a Mondrian painting, maybe “Broadway Boogie Woogie.” As it turned out, the man responsible for the display was standing nearby, and we fell to […]