A high school teacher once told Raj Chetty he’d some day serve on the Federal Reserve Board. At the the time Raj thought the comment was silly, since he was busy working in the laboratory on staining techniques for electron microscopy and was set to become a biomedical scientist. About a decade later, however, and Chetty would become one of the youngest tenured economics professors at Harvard and would soon win both a John Bates Clark medal and a MacArthur “Genius” Fellowship. Now at Stanford, he’s one of the most-cited economists in the world.
Raj’s conversation with Tyler spans that well-cited body of work and more, including social mobility, the value-add of kindergarten teachers, why corporations pay dividends, his love of Piano Guys, the most underrated US state, and why okra may have been the secret of his success.
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John Cochrane on Economic Puzzles and Habits of Mind
Patricia Fara on Newton, Scientific Progress, and the Benefits of Unhistoric Acts
Brian Armstrong on the Crypto Economy
Benjamin Friedman on the Origins of Economic Belief
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