by Pranab Bardhan
All of the articles in this series can be found here.
There was another well-known economist who later claimed that he was my student at MIT, but for some reason I cannot remember him from those days: this was Larry Summers, later Treasury Secretary and Harvard President. Once I was invited to give a keynote lecture at the Pakistan Institute of Development Economics at Islamabad, and on the day of my lecture they told me that Summers (then Vice President at the World Bank) was in town, and so they had invited him to be a discussant at my lecture. After my lecture, when Larry rose to speak he said, “I am going to be critical of Professor Bardhan for several reasons, one of them being personal: he may not remember, when I was a student in his class at MIT, he gave me the only B+ grade I have ever received in my life”. When it came to my turn to reply to his criticisms of my talk, I said, “I don’t remember giving him a B+ at MIT, but today after listening to him I can tell you that he has improved a little, his grade now is A-“, and then proceeded to explain why it was not an A. The Pakistani audience seemed to lap it up, particularly because until then everybody there was deferential to Larry.
Later when I asked Stan Fischer if Larry was my student, he told me that he might have taken my undergraduate class. The undergraduate classes were larger than graduate classes, and I do not remember many of those students (one very bright MIT undergraduate I do remember teaching was Hal Varian, who later became my colleague at Berkeley, and has been the Chief Economist at Google for some years). Read more »