Guy Sorman has written a nice article on Europe based economists (HT: MR and Economix). It discusses why large number of Europe based economists moves to US to study and prefer to stay in US after their studies as well.
Some facts:
One-third of the faculty of Harvard University’s economics department hails from Europe. At the University of Chicago’s Booth School of Business, half of the finance department’s faculty is European. And these schools aren’t alone: European economists are overrepresented at all first-tier American universities and have had a huge influence on economic thinking, doing cutting-edge research in areas ranging from modeling financial markets to assessing risk.
Why?
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