Archive for June 3rd, 2013

Profile of Carmen Reinhart

June 3, 2013

Blogging has been really poor recently and is totally against the wishes of the blogger. ME hopes to resolve the issues in a few days and blog much more over the coming days. I keep wondering whether our econ models which sing wide praises on labor mobility know the hassles involved in the same. More on this later.

Anyways, whatever little I can lay my hands on am sharing with people. Came across this interview/profile of Carmen Reinhart, the econ much in focus. It is in IMF’s quarterly publication – F&D whose theme is another hot topic – women empowerment.

Interesting to note that Reinhart wanted to be into fashion. Like most top econs, she too came into eco by chance:

Had Miami Dade College offered a concentration in fashion design, Carmen Reinhart might never have become an economist.

Reinhart—the world’s most-cited female economist and coauthor of one of the most important economic books of the past decade—studied fashion merchandising instead.­

“I like art a great deal, and I like drawing. And I thought that, well, I really didn’t go to the right school to become a fashion designer. So, let me see whether I like fashion merchandising.”

She didn’t.­

“Fashion merchandising is how to become a buyer. It has really little to do with any kind of design . . . the artistic part of it.” She was convinced she’d made a poor choice.­

But the merchandising curriculum required her to take a course on the principles of economics. Her instructor, “a crazy old Marxist,” paired a standard textbook with Douglas F. Dowd’s critique of U.S. capitalism, The Twisted Dream. “And I found it fascinating . . . . I didn’t make a decision, ‘Oh, I’m going to become an economist.’ No, I made the decision that I was going to take more economics courses and see how I liked them. And I did.”

Nice bit. Discusses her work on crisis and long association with Ken Rogoff.

 

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