Trials and Tribulations
"Our problem is that we only hire the best--and everyone else wants them too," Williamson says,
He says Harvard will hire any professor in any field. There's only one small requirement for any scholar to get on Williamson's hit list: he or she must be the best in the world.
But in the fierce competition for the best, the Harvard economics department has prevailed.
In the last two years, the economics department has had nine opportunities to gain or lose faculty. They were successful in eight of the cases.
The Harvard name alone draws some to Cambridge. The Harvard's economics department is the best in the nation, according to the U.S. News and World Report college rankings.
Ariel Pakes, who joined the department this year from Yale, does not deny its influence on his decision.
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