Paul Krugman on Contemporary Academia

Question: How has academia changed?

Paul Krugman: It’s become much more internationalized.  And actually I think there are . . . there are absolutely fewer Americans in my field than there used to be, because a lot of the bright kids who might have an aptitude for economics also have an aptitude for investment banking.  And that kind of . . . you know I can’t blame them for doing that.  More important, there’s actually been a thinning of the boundaries.  It used to be that an Economics professor was an Economics professor, and it was actually quite rare for them to get involved in other things – at least on an extended basis.  And now it’s become more or less expected if you’re, you know . . . if you’re talented or if you make a mark, that you’re going to in a way have a second life.  You do your research probably for 10, 15 years to really become established.  But after that, while you may continue to do research – we hope you will – to get involved in policy, to get involved in affairs is standard.  I mean if you actually go back, my cohort in economics . . .  There were . . .  There were three guys who were sort of very . . .  There were obviously a number of very good people, but people who tended to be talked about as having stuff that they were going to do.  There was me.  There was a guy named Larry Summers.  And there was a guy named Jeff Sachs.  And we all went to school together, actually.  We all went to grad school together.  And we’ve all had interesting second acts in our lives.

Academies are becoming internationalized, says Paul Krugman.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

10 books to check out from Jordan Peterson's 'Great Books' list

The Canadian professor has an extensive collection posted on his site.

Jordan Peterson with Carl Jung and the cover art of Jaak Panksepp's 'Affective Neuroscience' (Image: Chris Williamson/Getty Images/Big Think)
Personal Growth
  • Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
  • Categories include literature, neuroscience, religion, and systems analysis.
  • Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Keep reading Show less

Scientists claim the Bible is written in code that predicts future events

The controversy around the Torah codes gets a new life.

Michael Drosnin
Surprising Science
  • Mathematicians claim to see a predictive pattern in the ancient Torah texts.
  • The code is revealed by a method found with special computer software.
  • Some events described by reading the code took place after the code was written.
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.