Prestigious Group of 192 Economists - Including Nobel Prize Winners - Slams Bailout

George Washington's Blog
Friday, Sept 26, 2008

The following group of prominent economists, including numerous Nobel Prize winners, has written a letter slamming the bailout proposal:

  • Acemoglu Daron (Massachusetts Institute of Technology)
  • Adler Michael (Columbia University)
  • Admati Anat R. (Stanford University)
  • Alexis Marcus (Northwestern University)
  • Alvarez Fernando (University of Chicago)
  • Andersen Torben (Northwestern University)
  • Baliga Sandeep (Northwestern University)
  • Banerjee Abhijit V. (Massachusetts Institute of Technology)
  • Barankay Iwan (University of Pennsylvania)
  • Barry Brian (University of Chicago)
  • Bartkus James R. (Xavier University of Louisiana)
  • Becker Charles M. (Duke University)
  • Becker Robert A. (Indiana University)
  • Beim David (Columbia University)
  • Berk Jonathan (Stanford University)
  • Bisin Alberto (New York University)
  • Bittlingmayer George (University of Kansas)
  • Boldrin Michele (Washington University)
  • Brooks Taggert J. (University of Wisconsin)
  • Brynjolfsson Erik (Massachusetts Institute of Technology)
  • Buera Francisco J. (UCLA)
  • Camp Mary Elizabeth (Indiana University)
  • Carmel Jonathan (University of Michigan)
  • Carroll Christopher (Johns Hopkins University)
  • Cassar Gavin (University of Pennsylvania)
  • Chaney Thomas (University of Chicago)
  • Chari Varadarajan V. (University of Minnesota)
  • Chauvin Keith W. (University of Kansas)
  • Chintagunta Pradeep K. (University of Chicago)
  • Christiano Lawrence J. (Northwestern University)
  • Cochrane John (University of Chicago)
  • Coleman John (Duke University)
  • Constantinides George M. (University of Chicago)
  • Crain Robert (UC Berkeley)
  • Culp Christopher (University of Chicago)
  • Da Zhi (University of Notre Dame)
  • Davis Morris (University of Wisconsin)
  • De Marzo Peter (Stanford University)
  • Dubé Jean-Pierre H. (University of Chicago)
  • Edlin Aaron (UC Berkeley)
  • Eichenbaum Martin (Northwestern University)
  • Ely Jeffrey (Northwestern University)
  • Eraslan Hülya K. K.(Johns Hopkins University)
  • Faulhaber Gerald (University of Pennsylvania)
  • Feldmann Sven (University of Melbourne)
  • Fernandez-Villaverde Jesus (University of Pennsylvania)
  • Fohlin Caroline (Johns Hopkins University)
  • Fox Jeremy T. (University of Chicago)
  • Frank Murray Z.(University of Minnesota)
  • Frenzen Jonathan (University of Chicago)
  • Fuchs William (University of Chicago)
  • Fudenberg Drew (Harvard University)
  • Gabaix Xavier (New York University)
  • Gao Paul (Notre Dame University)
  • Garicano Luis (University of Chicago)
  • Gerakos Joseph J. (University of Chicago)
  • Gibbs Michael (University of Chicago)
  • Glomm Gerhard (Indiana University)
  • Goettler Ron (University of Chicago)
  • Goldin Claudia (Harvard University)
  • Gordon Robert J. (Northwestern University)
  • Greenstone Michael (Massachusetts Institute of Technology)
  • Guadalupe Maria (Columbia University)
  • Guerrieri Veronica (University of Chicago)
  • Hagerty Kathleen (Northwestern University)
  • Hamada Robert S. (University of Chicago)
  • Hansen Lars (University of Chicago)
  • Harris Milton (University of Chicago)
  • Hart Oliver (Harvard University)
  • Hazlett Thomas W. (George Mason University)
  • Heaton John (University of Chicago)
  • Heckman James (University of Chicago - Nobel Laureate)
  • Henderson David R. (Hoover Institution)
  • Henisz, Witold (University of Pennsylvania)
  • Hertzberg Andrew (Columbia University)
  • Hite Gailen (Columbia University)
  • Hitsch Günter J. (University of Chicago)
  • Hodrick Robert J. (Columbia University)
  • Hopenhayn Hugo (UCLA)
  • Hurst Erik (University of Chicago)
  • Imrohoroglu Ayse (University of Southern California)
  • Isakson Hans (University of Northern Iowa)
  • Israel Ronen (London Business School)
  • Jaffee Dwight M. (UC Berkeley)
  • Jagannathan Ravi (Northwestern University)
  • Jenter Dirk (Stanford University)
  • Jones Charles M. (Columbia Business School)
  • Kaboski Joseph P. (Ohio State University)
  • Kahn Matthew (UCLA)
  • Kaplan Ethan (Stockholm University)
  • Karolyi, Andrew (Ohio State University)
  • Kashyap Anil (University of Chicago)
  • Keim Donald B (University of Pennsylvania)
  • Ketkar Suhas L (Vanderbilt University)
  • Kiesling Lynne (Northwestern University)
  • Klenow Pete (Stanford University)
  • Koch Paul (University of Kansas)
  • Kocherlakota Narayana (University of Minnesota)
  • Koijen Ralph S.J. (University of Chicago)
  • Kondo Jiro (Northwestern University)
  • Korteweg Arthur (Stanford University)
  • Kortum Samuel (University of Chicago)
  • Krueger Dirk (University of Pennsylvania)
  • Ledesma Patricia (Northwestern University)
  • Lee Lung-fei (Ohio State University)
  • Leeper Eric M. (Indiana University)
  • Leuz Christian (University of Chicago)
  • Levine David I.(UC Berkeley)
  • Levine David K.(Washington University)
  • Levy David M. (George Mason University)
  • Linnainmaa Juhani (University of Chicago)
  • Lott John R. Jr. (University of Maryland)
  • Lucas Robert (University of Chicago - Nobel Laureate)
  • Luttmer Erzo G.J. (University of Minnesota)
  • Manski Charles F. (Northwestern University)
  • Martin Ian (Stanford University)
  • Mayer Christopher (Columbia University)
  • Mazzeo Michael (Northwestern University)
  • McDonald Robert (Northwestern University)
  • Meadow Scott F. (University of Chicago)
  • Mehra Rajnish (UC Santa Barbara)
  • Mian Atif (University of Chicago)
  • Middlebrook Art (University of Chicago)
  • Miguel Edward (UC Berkeley)
  • Miravete Eugenio J. (University of Texas at Austin)
  • Miron Jeffrey (Harvard University)
  • Moretti Enrico (UC Berkeley)
  • Moriguchi Chiaki (Northwestern University)
  • Moro Andrea (Vanderbilt University)
  • Morse Adair (University of Chicago)
  • Mortensen Dale T. (Northwestern University)
  • Mortimer Julie Holland (Harvard University)
  • Muralidharan Karthik (UC San Diego)
  • Nanda Dhananjay (University of Miami)
  • Nevo Aviv (Northwestern University)
  • Ohanian Lee (UCLA)
  • Pagliari Joseph (University of Chicago)
  • Papanikolaou Dimitris (Northwestern University)
  • Parker Jonathan (Northwestern University)
  • Paul Evans (Ohio State University)
  • Pejovich Svetozar (Texas A&M University)
  • Peltzman Sam (University of Chicago)
  • Perri Fabrizio (University of Minnesota)
  • Phelan Christopher (University of Minnesota)
  • Piazzesi Monika (Stanford University)
  • Piskorski Tomasz (Columbia University)
  • Rampini Adriano (Duke University)
  • Reagan Patricia (Ohio State University)
  • Reich Michael (UC Berkeley)
  • Reuben Ernesto (Northwestern University)
  • Roberts Michael (University of Pennsylvania)
  • Robinson David (Duke University)
  • Rogers Michele (Northwestern University)
  • Rotella Elyce (Indiana University)
  • Ruud Paul (Vassar College)
  • Safford Sean (University of Chicago)
  • Sandbu Martin E. (University of Pennsylvania)
  • Sapienza Paola (Northwestern University)
  • Savor Pavel (University of Pennsylvania)
  • Scharfstein David (Harvard University)
  • Seim Katja (University of Pennsylvania)
  • Seru Amit (University of Chicago)
  • Shang-Jin Wei (Columbia University)
  • Shimer Robert (University of Chicago)
  • Shore Stephen H. (Johns Hopkins University)
  • Siegel Ron (Northwestern University)
  • Smith David C. (University of Virginia)
  • Smith Vernon L.(Chapman University- Nobel Laureate)
  • Sorensen Morten (Columbia University)
  • Spiegel Matthew (Yale University)
  • Stevenson Betsey (University of Pennsylvania)
  • Stokey Nancy (University of Chicago)
  • Strahan Philip (Boston College)
  • Strebulaev Ilya (Stanford University)
  • Sufi Amir (University of Chicago)
  • Tabarrok Alex (George Mason University)
  • Taylor Alan M. (UC Davis)
  • Thompson Tim (Northwestern University)
  • Tschoegl Adrian E. (University of Pennsylvania)
  • Uhlig Harald (University of Chicago)
  • Ulrich, Maxim (Columbia University)
  • Van Buskirk Andrew (University of Chicago)
  • Veronesi Pietro (University of Chicago)
  • Vissing-Jorgensen Annette (Northwestern University)
  • Wacziarg Romain (UCLA)
  • Weill Pierre-Olivier (UCLA)
  • Williamson Samuel H. (Miami University)
  • Witte Mark (Northwestern University)
  • Wolfers Justin (University of Pennsylvania)
  • Woutersen Tiemen (Johns Hopkins University)
  • Zingales Luigi (University of Chicago)
  • Zitzewitz Eric (Dartmouth College)
Here's the letter.

They are not alone. See this, this, this, this, this,
this and this.

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