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Washington University Hires Economists

Washington University's economics department has plenty of laurels to rest on, if it were so inclined. But with six new high-profile professors arriving this month, and recruiters trying to land a half-dozen more, the university is spending plenty of money to elevate the department's prestige. Online journalist David Warsh, writing on, reports that the budget has been boosted by perhaps $10 million a year, with newcomers getting salary offers "said to be of $500,000 or more." The new hires are Costas Azariadis and David Levine from UCLA, Michele Boldrin from the University of Minnesota, Sebastian Galiani from the Universidad de San Andres in Argentina, Werner Ploberger from the University of Rochester and STEVE WILLIAMSON from the University of Iowa.

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