@CrescatScientia - oh good. My prior reputation of being an unapologetic rah-rah must surely be changed now 
Clarification: Kremer is NOT “Chicago School.” He’s not even a theorist. Lately the Nobel Committee is rewarding innovative methodology that doesn’t necessarily rely on theoretical frameworks. Is that a good idea? I don’t know - I dont think it’s necessarily a BAD idea. But it probably means that @85bears46 can put the dream of Doug Diamond winning someday to bed. Same with Townsend.
UChicago Econ must respond to the times. That always means welcoming a group of top researchers who feel they are better off doing their work there than elsewhere. Kremer is a good hire. Barro might have been the last to leave Chicago and land at Harvard, and that was a rather indirect path. This one was a long time in coming.