Alliterations always win.
It is not often I will post a link back to Gawker, but that is where I first heard this bit of news so it is the correct action.
Let’s be honest: it must be hard to work for the Income Inequality Institute. Justifying any form of remuneration surely requires a creative application of words and thoughts. Bearing that in mind I’d love to hear the conversation which decided the payment of $25,000 per month to one man for playing “a modest role” and “[contributing] to the build-up” of… something.
The official announcement states:
“Professor Krugman’s contributions to economic theory are as foundational as his regular critiques of current affairs are trenchant. The Graduate Center is internationally known for its culture of interdisciplinary and collaborative research and Ph.D. training, and nowhere are the quantitative and cultural markers of inequality more systematically addressed than by our social scientists. We are delighted that he will be joining our economics program and the Luxembourg Income Study Center, where we are assembling a remarkable community of scholars and students. Our students will benefit enormously from his teaching, which will cover diverse topics.”
See here for the offer letter and response.
from Bringing Sexy Back to Economics http://ift.tt/1ttrxZv