Which university economics department is the greatest?
Calling to mind a large cast of Berkeley economists — David Romer, Maurice Obstfeld, Dan McFadden, David Card, Emmanuel Saez, Barry Eichengreen, Brad DeLong and George Akerlof among them — commentator Noah Smith casts his vote for No. 1.
These and other Berkeley researchers “haven’t just been prestigious and incisive” but have “taken economics in new directions,” writes Smith, an assistant professor of finance at Stony Brook University. “It wouldn’t be an exaggeration to say that the Chicago School has been replaced in prominence and influence by what I like to call the Berkeley Reformation.”
Read his opinion commentary on “Bloomberg View.”