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The Conspiracy Letters
Join the fray! Email us at letters@poorandstupid.com. We reserve the right to publish all letters with authors' names, unless specified as not for publication or for publication anonymously. Letters may be edited for clarity and brevity.
Friday, February 28, 2003
PH. D. IN RUBINOMICS The most recent recipient of the Nobel Prize in Economics as well as the likely imminent President of the Federal Reserve Bank of New York lack degrees in economics.Daniel Kahneman, co-winner of the 2002 Nobel Prize, received a Ph.D. in Psychology while Peter Fisher, Bush's Under Secretary for Domestic Finance and putative favorite to replace William McDonough at the NY Fed, possesses a law degree.
Also, eponymous Robert Rubin of "Rubinomics" fame is former Secretary of the Treasury, but he is not endowed with an economics Ph.D., just an apotheosis by the Democratic party.
"Irrational Exuberance"
Posted by Donald L. Luskin at 11:27 PM | link
THAT'S MR. MAESTRO, NOT DR. MAESTRO It is worth noting that Alan Greenspan did not have a Ph.D. in economics when he was chairman of the Council of Economic Advisers. He did all the work for a Ph.D. at Columbia but never finished his dissertation. Some time after leaving the CEA, NYU gave him what was, in effect, an honorary Ph.D. based on his published work. And he was not the only CEA chairman without a Ph.D. Leon Keyserling, who served under Truman, didn't have one, either. He was a lawyer by training. Finally, I think that Herbert Simon, another winner of the Nobel Prize in economics, doesn't have a Ph.D. in economics. According to his Nobel biography it appears to be in operations research.
Bruce Bartlett
Senior Fellow
National Center for Policy Analysis
Posted by Donald L. Luskin at 4:02 PM | link
Thursday, February 27, 2003
DEGREES OF SILLINESS OK, the folks at Tapped were jerks ("Cut the Crap, Tapped!" 2/27/2003), and Brad DeLong is distinctively annoying ("DeLong: Letter Imperfect" 2/26/2003). However, I don't know if "pudgy dweeb" is where you want to go.That said, how about "turnabout is fair play"? How many reporters at The American Prospect have degrees in journalism? Surely that is the "tradition," and how dare Tapped pass off work as "reporting" when it is done by potentially partisan amateurs?
Or, if they bore us with the response that many reporters have come from other backgrounds, a bio of Keynes might be relevant. A degree in mathematics? Hello, who was this guy? Nash was a also a good example, of course.
Tom Maguire
The MinuteMan
JustOneMinute.blogspot.com
Posted by Donald L. Luskin at 12:37 PM | link