No replies to this topic

[stocks]

The Harvard-Goldman Filter

1. To get into a position of power, you have to pass through a filter. The easiest way to show that you can pass through the filter is to go to Harvard and then work for Goldman.

2. If you did not go to Harvard and work for Goldman, then you have to show that you can get along with people who did.

3. The best way to show that you can get along with people who pass the Harvard-Goldman filter is to show that you believe in applying the Harvard-Goldman filter.

Tim Geithner satisfied the Harvard-Goldman filter. He is not going to bring people from the wrong social caste into the policymaking arena.

A point that I keep making about higher education is that it is, like the Harvard-Goldman filter, a form of recursive credentialism. To get certain jobs, you need certain credentials. And the most important credential of all is that you must signal your support for credentialism.

http://econlog.econl...d-gol.html#more