Another Example of Why Academics Should Not Be in Responsible Positions
is known for its economics department, and some of its faculty have won Nobel Prizes in the field. It is not known for contributing anything of value to the solutions of real world problems, in fact that is not what an Economics Department at a University does. What do they do? When we find out we will let you know. University of Chicago
Now in an attempt to be relevant, or for some reason
University of Chicago Booth School of Business, plans to pose one question a week and post answers from 40 senior professors at elite universities. The site went live Sunday, though the panel has been responding to questions for the past few weeks U.S.
Note that these answers will not be supported by analysis and research, they will be the opinion of these 40 supposedly wise men and women. The opinion of economics professors on public policy is not where you want to go for good answers. In fact, if the science of economics could contribute anything to public policy then your brother in law would not be unemployed and living in your spare bedroom, and that $200,000 you paid to have your oldest kid educated at an exclusive school would have resulted in the child being at least semi-employable.