A Quote by Abhijit Banerjee
When I was a graduate student, I actually took a course in development economics and I thought it was the most boring thing in the world.
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I actually profoundly think the world's a better place when economics is fairly boring... The more boring the better.
I started doing science when I was effectively 20, a graduate student of Salvador Luria at Indiana University. And that was - you know, it took me about two years, you know, being a graduate student with Luria deciding I wanted to find the structure of DNA; that is, DNA was going to be my objective.
I entered economics because of a course I took on 'information economics,' which I found fascinating.
The most boring thing in the entire world is nudity. The second most boring thing is honesty.
And one of the worst effects was that by suppressing critical thought, it also suppressed critical thought in the field of economics and hampered the development of economics - and the country would fall back further and further in the economic competition with the West.
In my junior year in college, I was getting kind of tired of French. So, I took an economics course, and I loved it. The rest of my two years in college I spent in economics.
At the beginning of my sophomore year at Princeton University, I took my first economics course; our textbook was the first edition of Samuelson's 'Economics: An Introductory Analysis.'
A graduate student who is still learning courses is not really taking a maximum advantage of a research university's offerings. He should already be finished with course-taking, as he would then be able to shape his own taste about what is a good subject for research work in the graduate school.
Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr. Pangloss upon the development of economic thought is for the most part nothing but pure intellectual error.
I'm very proud to say I only took one course in economics in college, and it was on Saturday morning - Tuesday, Thursday and Saturday at 8 o'clock. Now I don't know what your college experience was like, but I'll tell ya, on Saturday morning at 8 o'clock, the last thing I wanted to do was go to economics class.
I had been offered fellowships to enter as a graduate student at either Harvard or Princeton. But the Princeton fellowship was somewhat more generous, since I had not actually won the Putnam competition... Thus Princeton became the choice for my graduate study location.
As a graduate student, I wrote a long paper connecting the dots between mathematical models of learning and language development in children. It was published in a major journal.
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
When I was an impoverished graduate student, I would sometimes spend $20 or $30 on a T-shirt or accessory I didn't need or even particularly want. What I craved was the purchase, not the thing itself. Of course, a sense of not being deprived may fill an emotional void without ruinous consequences.
I was a graduate student in 1984 when President Ronald Reagan called for the construction of a new space station. I knew then that I wanted to apply for the astronaut program, and this was an exciting development.
The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. That's what's so wonderful about it. But that's the last thing that the state corporate system wants. It is spending huge sums to prevent that.
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