Tag: Schiller

Are Our Best and Brightest Also Our Least Productive?

A second-year MBA student at a top-five business school recently wrote to me for advice about career choice and whether he should go into finance or management consulting. His ultimate goal, he said, was “to make enough money to teach when I’m older.” The discussion with this student reminded about an article that the Nobel economist Robert Schiller wrote on ProjectSyndicate a

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The Latest Derivative: Your Earnings Tomorrow for College Today

The New York Times ran a piece on July 3rd by Richard Pérez-Peña about a proposal working its way through the Oregon legislature that would allow students to attend college today at no cost in return for forfeiting a part of their future earnings. As the article notes: This week, the Oregon Legislature approved a

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