How Economics PhDs Took Over the Federal Reserve
Harvard Business Review
FEBRUARY 3, 2014
Alan Greenspan launched the all-PhD era in 1987, but his doctorate was of an unconventional sort — he acquired it in his early 50s from NYU after he’d left graduate school at Columbia decades before (Burns had been one of his professors) to start an economic consulting firm. “Janet Yellen followed quickly, and the floodgates opened.
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