Ocupation: Economist
Life: October 15, 1908 - April 29, 2006
Birthday: October 15
Death: April 29
The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.
topic: Mastery, Levels, May, Ability To Speak