Tuesday, June 12, 2012

The economics of economics superstars

Thomas Sargent, an American economist who won the Nobel Memorial Prize in Economic Sciences in 2011 together with Christopher Sims, will teach at Seoul National University (SNU) beginning this year.

The school said Monday Sargent, 69, currently a professor of New York University, will teach macroeconomics at SNU as a full-time professor for two years beginning the second semester of this year. ...

Sargent is expected to receive some 1.5 billion won ($1.27 million) annually, including salaries and research funds.
--Na Jeong-ju, Korea Times, on big money chasing big guns