To most people, mad scientists are either harmless eccentrics
toiling away in a basement or malevolent individuals bent on
world domination. Which category do economics professors fall
Revenge of the 'Mad Intellectuals'
A group of American economists has dominated the debate over the policies that Latin American governments, especially Argentina's, should adopt. Any policy they suggested would have worked better that what is in place.
A handful of leading economists in the United States take a
particular interest in Latin America, particularly Argentina.
The likes of Rudiger Dornbusch, Ricardo Hausmann, Adam Lerrick
and Jeffrey Sachs have showered the authorities in Buenos Aires
with advice in private consultations or through the columns of
the Financial Times and the Wall Street Journal. Their ideas,
which run the gamut from useful to pedestrian to bizarre is one
of the more colorful features of Argentina's financial
These academics hold high-profile posts at US universities
like Harvard, Columbia or the Massachusetts Institute of
Technology. Most have worked at the International Monetary Fund
or World Bank. Some are bankrolled by pro-business foundations
like the Cato Institute or the American Enterprise
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