Economics at MIT vs. Yale

AurakDraconian
Tue, 14 Apr 2009 23:46:31 +0000

I don’t know much about either department, but I do know that Yale has William Nordhaus. I read a paper by him in which he basically destroyed a good chunk of conventional calculations of price changes which fail to reflect “how much richer we’ve really become” (e.g.: by comparing the price of a 2000 computer with that of a 1999 computer, a 1999 with a 1998, etc while trying to dismiss quality differences as negligible). He’s also done some cool stuff on global warming.

(Ironically though, he got his Ph. D from MIT, though he did do undergrad at Yale.)