University Diaries » “In an influential paper, the economists Kevin M. Murphy and Robert W. Vishny, both at the University of Chicago Booth School of Business, and Andrei Shleifer at Harvard University argue that countries suffer when talented people become what we economists call ‘rent seekers.’ Instead of creating wealth, rent seekers simply transfer it — from others to themselves.”

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“In an influential paper, the economists Kevin M. Murphy and Robert W. Vishny, both at the University of Chicago Booth School of Business, and Andrei Shleifer at Harvard University argue that countries suffer when talented people become what we economists call ‘rent seekers.’ Instead of creating wealth, rent seekers simply transfer it — from others to themselves.”

Does Sendhil Mullainathan realize how many layers of irony there are in his citing Andrei Shleifer as an expert in self-aggrandizement??

Or does he think we’re supposed to forget about Shleifer having been found liable for conspiracy to defraud the federal government?

Margaret Soltan, April 10, 2015 2:03PM
Posted in: merchandise

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