by Pranab Bardhan
All of the articles in this series can be found here.
At MIT I had my initiation into a breathless pace of academic activity that was quite different from the pace I had seen elsewhere until then. The whole place was a dynamo of research activity, you could almost hear the hum and feel the energetic throb of multiple high-powered brains at work. While teaching was an important part of daily activity and it often fed into research, it was research where the main action was. Later I found out this was more or less the case in other top departments in the country, but at MIT I had my first experience. There was the thrill of thriving at the frontier of your subject, you saw the frontier visibly moving from one seminar to another, from one widely-cited journal article to another, you had to run fast even to remain at the same place, and while the competition and the race were invigorating, you could also see the jostling and the occasional hustle.
I was amazed how well-informed people were about who was doing what in which department in the country, who was pushing the (research) boundary where, which young faculty you had to attract before others grab them, what was the going market rate for a particular ‘hot-shot’ scholar, who was having an offer from which top department, and so on. (This reminds me of a phone conversation I had with the Dean of a top east-coast university much later when I joined Berkeley. This Dean wanted to know if I’d be interested in joining his University. Before he went any farther, I told him that I had only recently settled down in Berkeley, both my wife and myself liked the place, and just bought a house, and so I’d not be interested in moving. He talked for a while and then gave up. But before ending the conversation, I think he took pity on me and gave me a bit of ‘personal advice’. He said he could see that I was not yet used to the system in the American academic market. “When somebody offers you a job”, he said, “you don’t say ‘no’ even before I told you the salary I was going to offer you, which I am sure is much higher than what Berkeley is paying you. Even if you are ultimately not really interested, you try to get all the information, take the time, bargain with your Department, and get a raise for yourself”).
At the MIT Department those days the most revered leader clearly was Paul Samuelson, who every day at noon would preside over the lunch table at the Faculty Club in the top floor of the building. At the table, he’d often entertain us drawing upon his spectacular collection of stories and gossip, not just about economists, but often about physicists and mathematicians. To Paul there was a clear hierarchy of disciplines. It was visibly demonstrated to me one day when we took a visiting English friend who wanted to meet Paul. We told Paul that he’d be interested to know that this friend had done his degree in Astrophysics, but now he was thinking of moving to Economics. At this Paul immediately said, putting his hand above his head, “Astrophysics, then Economics (he lowered his hand to his chest level), what next? Theology? (moving his hand to the knee level). Read more »