The three-way revolving door

Not sure that image makes a lot of sense, but it’s the gist of this article from the Chronicle of Higher Education about the “subversion” of economics: “[Larry] Summers’s career is the result of an extraordinary and underappreciated scandal in American society: the convergence of academic economics, Wall Street, and political power,” and “rarely has one individual embodied so much of what is wrong with economics, with academe, and indeed with the American economy.”

Via Crooked Timber.

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