Big Moves in the Market

[buckykatt]

Originally Posted by pookchen

Ugh. Isn't it sad that we all know how to multiply and divide well enough to have been investment bankers and make bunches of money ... then gave that up to be poorer, but engaged in some sort of more honorable pursuit like research ... only to sit here and obsess over our programs like i-bankers obsess over the digits on the back of their beamers and the size of their houses in the Hamptons. <<Sigh>>

Speaking for myself, but I suspect for many others here, this "obsession" has little to do with money and more to do with wanting to study in the kind of stimulating environment we gave up a shot at better money for in the first place.

[Golden Rule]

Originally Posted by buckykatt

Speaking for myself, but I suspect for many others here, this "obsession" has little to do with money and more to do with wanting to study in the kind of stimulating environment we gave up a shot at better money for in the first place.

I agree with your view, but I think for some it's more about satisfying ego than money here.

Here's an example of a job market candidate for the CHE, read bottom up.

Little wonder that my professors in economics tend to have huge egos. As a Ph.D. candidate in the field, I have had to jump through an enormous number of hoops just to get this far, and the ones I have yet to jump through are more daunting still. At every level, the screening of aspirants is severe, and at every level, the bar is raised.

...and it just goes from there.

[Karina 07]

Originally Posted by Golden Rule

I agree with your view, but I think for some it's more about satisfying ego than money here.

Here's an example of a job market candidate for the CHE, read bottom up.

...and it just goes from there.

That's a hilarious series of articles, thanks!

[Nalfien]

I could never find where that person actually works...

[OneMoreEcon]

Originally Posted by Nalfien

I could never find where that person actually works...

Cornell Johnson School of Management | Economics | Benjamin Ho

[econphilomath]

not bad.... for a guy who was whining about the whole thing!

[snappythecrab]

Originally Posted by zsla

Schools lose professors either because they can afford to lose them or because they can't afford to keep them. I don't know which is the case for Rody, but I know for sure that if WUSTL can not keep investing in good professors; that is, if the money stops coming in, then they won't be able to keep the good names in the medium and long term.

Unfortunately for Wisconsin, they could neither afford to lose Rody, or afford to keep him. Such is the case with many profs here. Andreoni, Staiger, Manuelli - the list keeps growing with no sign of replacements.

[Tatonnement]

Wisconsin has had ups and downs before (at one time Rogoff, Gertler, Kiyotaki, and Phelan were all there, I believe at the same time...) , but it's true they're on a bit of a downswing. They did add Taber last year, but then lost Manuelli this year and could lose more.

[snappythecrab]

Originally Posted by Tatonnement

Wisconsin has had ups and downs before (at one time Rogoff, Gertler, Kiyotaki, and Phelan were all there, I believe at the same time...) , but it's true they're on a bit of a downswing. They did add Taber last year, but then lost Manuelli this year and could lose more.

In addition to Manuelli, the dept is losing Ananth Seshadri, Meta Brown (I think), and Jo Hertel(though that may be a good thing). I mean, recently we've lost Staiger, Andreoni, and Samelson. None have really been replaced. Chris Taber was a nice addition to the dept, but he's not nearly enough.

[buckykatt]

Although it may not apply to this most recent hire, I wonder how consciously WUSTL timed this hiring spree to coincide with the compilation of the new NRC rankings. It's like sweeps week for economists or something...