Nobel Prize-Winning Economist Michael Kremer Departs Harvard for UChicago

[Zoom10]

@JBStillFlying

Sorry to be a Debbie Downer here, but what used to separate UChicago from other places was that they managed to grow their own Nobel Laureates. Now they purchase them. That helps with marketing but not sure it helps distinguish UChicago from other places; particularly those that are more well-heeled in terms of endowment.

Of course, if other places are slashing budgets or spending their money on other goals not consistent with an academic mission, then that’s another matter and will serve UChicago very well going forward. Top grad students will flock to where the cool research is going on.

What difference does it make if the Lakers win a championship by poaching LeBron James from Cleveland (homegrown), or if Tom Brady wins a Super Bowl with Tampa Bay after leaving New England?

All that matters is the bottom line, just win (eminence) Baby!