Archive for the 'Harvard Economics Department' Category

Hostage Taking Scenario at Harvard or MIT during Sochi

January 31, 2014

This post explores a hypothetical scenario of a hostage taking at Harvard or MIT during the Sochi Winter Olympics.  This would be done by Chechen or Muslim groups who wanted to make a spectacular statement linking Larry Summers and Stanley Fischer to the IMF funding of the Second Chechen War that Chechens and Muslims blame for the genocide of Chechens.

In addition to providing such a linkage, it would also expose the FBI as inept and corrupt in the background checks of Larry Summers in 2009 and again earlier in 2013 and for Stanley Fischer for Vice Chairman of the Federal Reserve.

From the point of view of Chechens or Muslims taking hostages at the MIT or Harvard Economics Department, business schools or a dorm or library would create a spectacular propaganda event.  This would be better than a hostage taking of athletes in Sochi because it would tie the responsibility of Larry Summers and Stanley Fischer to the IMF to IMF loans funding the Second Chechen War and genocide of the Chechens.

Moreover, to these groups, the CIA was responsible for fomenting conflict in Chechnya that led to the war.  They also believe the CIA’s motive was at least partly to get oil and pipelines from that region.  This can create a fever of revenge in their minds as they consider that Chechens died so that CIA linked investors could become millionaires or even billionaires.  Secondary targets could be various companies or investment groups linked to this activity.

Anyone with information on these subjects should report it.  See the bottom of the following post on this subject.

https://oldatlanticlighthouse.wordpress.com/2014/01/31/navigating-resources-on-russia-plagiarism-files/

Bullying and plagiarism by profs are same thing in Russia Plagiarism Files

August 21, 2009

http://www.timesonline.co.uk/tol/news/uk/crime/article6805567.ece

The court heard that Houghton had waged a string of verbal and physical attacks on Miss Moore since the pair were 14 and District Judge Bruce Morgan told her: “Since Emily Moore was 14 you have waged compelling threats and violent abuse towards her.

“Bullies are by their nature cowards, in school and society. The evil, odious effects of being bullied stay with you for life. On this day you did an act of gratuitous nastiness to satisfy your own twisted nature.”

Houghton, of Malvern in Worcestershire, had two previous convictions relating to her vendetta against Miss Moore. In 2005 she was convicted of assaulting her as she walked home from school and was subsequently expelled.

The bullying makes no sense at one level, but make sense in other contexts.  The bully does it out of habit and the way they are, whether by nature or nurture.  Society then lets them get away with more and more and doesn’t treat it as the real harm it is.  Note the method of pretending they are the friend described in the article.  This approach is common in academia and elsewhere.

Paul Samuelson plagiarism “public good”

http://press.princeton.edu/chapters/i1_7521.html

Edmund Phelps, Insider-Economists’ Insider

Introduction by PAUL A. SAMUELSON

Thus, my much-cited 1969 paper on optimal intertemporal portfolio programming opportunistically used the Bellman-Beckman-Phelps recursive techniques to analyze what defines the best qualitative asset-portfolio mix of the Phelps 1962 aggregate saving. It was not plagiarism but it was horning in on a created public good there for the taking.

No it wasn’t.  It was Nils Hakansson’s Ph.D. thesis at UCLA.  It was not a public good for horning in.  Paul Samuelson got an NSF grant for his horning in.

http://www.hakansson.com/

http://www.hakansson.com/nils/Dissertation.pdf

MIT had the thesis by 1966 because a professor there, Karl Shell, chaired the session at which Hakansson presented it.  It was one of the top theses of all time in economics and caused a sensation in the profession.  It was not a public good at all.  Public good has an ironic meaning when Samuelson get an NSF grant for his 1969 “horning in”.

http://blogs.wsj.com/economics/2009/04/09/prof-summers-a-lesson-from-prof-bernanke/

By David Wessel

Asked about the economics of implementing a cap-and-trade approach to climate change at an Economic Club of Washington event today, White House economic adviser Larry Summers deliberately sought to avoid saying anything newsworthy. Instead, he cited a Massachusetts Institute of Technology Ph.D. thesis written in 1979 by a then-young economist named Ben Bernanke, now, of course, chairman of the Federal Reserve.

http://news-libraries.mit.edu/blog/bernanke-thesis-available/156/

Bernanke cites the Samuelson 1969 paper in his thesis.

http://dspace.mit.edu/bitstream/handle/1721.1/29839/05915220.pdf;jsessionid=F6535BEB64E73E0150C398D6A48A8B55?sequence=1

Page 149 of thesis cites Samuelson but in the citations, Hakansson does not appear.

Stanley Fischer in his 1989 textbook credits Samuelson 1969 and mentions Hakansson not at all.

Hypothesis:

The bullying described by the judge is exactly how Paul Samuelson, Stanley Fischer and the others at MIT treated Nils Hakansson from 1969 to present.  They have bullied him repeatedly.  The judges words describe Paul Samuelson’s actions towards Nils Hakansson.  The others went along with it.

This is what gave Russia leverage over Larry Summers to get the low interest rate loans fro the IMF.  This is why LTCM and other hedge funds bought Russian government bonds, based on their knowledge of this history of bullying.  It was bullying in printed publications of the major institutions of society which control the credentials of the elites which made it far more harmful than Facebook.

Nils Hakansson was not even made a Fellow of the Econometric Society.  So many at MIT in 1969 were made Fellows even though they did nothing of comparable worth.

https://oldatlanticlighthouse.wordpress.com/russias-plagiarism-files/

Hypothesis:

Summers is still continuing the bullying.  But now he is trying to intimidate those who know from coming forward.  Summers is also bullying Assistant US Attorney Sara Miron Bloom not to investigate what is now on the Internet.  Summers is doing this with Obama’s knowledge very likely.  This includes bullying and intimidating the staff of DOJHQ, Federal Reserve, US Treasury, FBI, etc.  They are all being bullied by Summers and Obama and Nation of Cowards Attorney General Eric Holder.

http://ptonline.aip.org/journals/doc/PHTOAD-ft/vol_61/iss_9/47_1.shtml

Thomas C. Reed September 2008, page 47

One important “pupil” who paid Fuchs an early visit was Qian Sanqiang. In 1959 Qian was the designated mastermind of Mao’s A-bomb program. In July of that year, Qian made his way to East Germany, where he met with Fuchs at length. (H. Terry Hawkins, now a senior fellow at Los Alamos, told Stillman in 2006, “I read this report in an unclassified publication, that this meeting took place shortly after Fuchs returned to East Germany. Fuchs gave Qian information that greatly assisted the Chinese program.” Also see http://www.oldatlanticlighthouse.wordpress.com/category/klaus-fuchs.) During those long summer days of 1959, Fuchs gave Qian a full tutorial on the design and operation of Fat Man. In all likelihood, he also added his thoughts on the role of radiation pressure in thermonuclear weapons.

Holder, Obama and Summers know AIP has linked to this blog on this.  They know they are facing investigation for this.  They are using bullying to keep the DOJ staff and FBI staff from investigating this.

Joel Brenner talk mentions Russia’s intense effort towards end.

http://www.c-span.org/Watch/Media/2007/03/29/HP/A/6196/ABA+Speech+on+Counterintelligence+Threats.aspx

http://www.reuters.com/article/latestCrisis/idUSN29426639

“But he said Moscow appears less interested in U.S. commercial and military technology than other countries”

http://www.npr.org/templates/story/story.php?storyId=10785968

http://nationalstrategy.com/Programs/NationalStrategyForumReview/SpringSummer2009NSFROnlineJournal/FeatureEssayEconomicandIndustrialEspionage/tabid/189/Default.aspx

http://www.ncix.gov/publications/speeches/ABAspeech.pdf

The above is all hypotheses and should be restated as that if not already.  This is speculation.  Comments and corrections welcome.  This is draft and preliminary.  All other disclaimers apply.

Milton Friedman Lost Witness on Russia’s Plagiarism Files

November 16, 2006

“SAN FRANCISCO — Milton Friedman, the Nobel Prize-winning economist who advocated an unfettered free market and had the ear of three U.S. presidents, died Thursday at age 94.”

Questions Friedman might have answered on Russia’s Plagiarism Files and use of plagiarism.

1. Was Koopmans a communist or spy?

2. Was there plagiarism involving Andrew D. Roy a victim in 1952 at U Chicago. Was Roy work being given to Markowitz?

3. Was Milton Friedman the one who told Alfred Cowles this was happening?

4. Is that why Cowles had the Managing Editor of Econmetrica resign and move the editorial office to Northwestern?

5. Was pressure used by the Soviets on plagiarism to get nominations for Kantorovich and Koopmans for the 1975 Nobel Prize 1 year ahead of Friedman.

6. Why did Friedman have a feud with Koopmans that he was still writing about in his 1998 autobio.

7. This was written about in a recent book by Martin J. Beckman who was at Cowles Commission around 1952. Beckman takes the side of Koopmans, who is dead. Why are Friedman and Beckmann still fighting this in 1998 and the 2000’s? Is it because Russia used this to pressure low interest rate loans in the 1990’s from Stanley Fischer at IMF and Larry Summers at Treasury, a nephew of Arrow and Samuelson?

8. Stanley Fischer was hired at UChicago in 1969 from MIT. Did they think he had plagiarized Nils Hakansson?

9. Did Richard Posner as a U Chicago prof know of this in the 1970’s?

10. Was Eric Posner given tenure at U Chicago in 1998 as an attempt to influence Judge Posner not to tell this to the FBI or USAO Mass? (speculation of course)

11. Did Russia use pressure to get IMF loans in the 1990’s based on this?

12. Was this info passed to the US Supreme Court during Bush v. Gore to influence the vote against Gore? (this would be hearsay from Friedman)

13. Did they know in the 1950’s that Russia had used plagiarism to help get Klaus Fuchs into Los Alamos and to pressure Niels Bohr to try to influence Churchill and Roosevelt to give the bomb secret to the Soviets?

14. Did Paul A. Samuelson on the Council of the Econometric Society in 1952 know the true story about the Managing Editor of Economerica resigning, along with the editorial Secretary, and the editorial office being moved?

15. Harry Markowitz didn’t receive his Ph.D. until Sep 1955 Quarter, the first date after the Cowles Commission left University of Chicago in July 1955. Was this because Alfred Cowles wouldn’t let Markowitz get his Ph.D.? Or was it someone at Cowles like Koopmans?
Above is speculation not assertions.

16. Markowitz admitted that he didn’t do the formulas of “algebraic simplicity” and “wide acclaim” taught to MBA students and in textbooks in 1987, 3 years before he got the Nobel Prize with the press release using exactly those words. Why did the Press Release use these words? Why are MBA students taught that Markowitz did those formulas and not Roy when Markowitz himself admits Roy did them and that he Markowitz did not?

17. Markowitz thanks Kenneth Arrow in 1955 for giving him the idea of what his thesis at UChicago was, an algorithm for mean variance optimization with short sale constraints. Wolfe did this too at about the same time. These were published in the Naval Research Logistics Quarterly c. 1956. Jacob Wolfowitz, also published in that journal.

18. The Markowitz article was published in March 1952 in Journal of Finance, a second rate journal edited at U Chicago business school. This Markowitz article contained no important formulas as results, just a graph to illustrate mean variance choice with short sale constraints. There is no formula even today for that, just an algorithm. The Roy article was published in July 1952 in Econometrica, the top journal in econ, in July 1952. Econometrica was also edited at U Chicago, in effect by the Cowles Commission. The Roy article did mean variance choice without short sale constrainst and got the formula solutions taught to MBA’s and in textbooks today that are credited to Markowitz. Jacob Wolfowitz wrote the article after Roy’s in the July 1952 issue. Did Wolfowitz know why the managing editor resigned?

19. Did Jacob Wolfowitz tell this to Paul Wolfowitz before Jacob died in 1981?

20. There are many ties from Jacob Wolfowitz to MIT econ in 1969, the year that Robert C. Merton, Paul A. Samuelson, and Stanley Fischer duplicated in part the 1966 UCLA thesis of Hakansson. These include Robert Engle, Robert Solow, and others. Search on Jacob Wolfowitz in the Nobel Prize site.

21. Did Valery Makarov put pressure on US profs at the 1972 Warsaw economics conference? Attendees included Martin Weitzman, then at MIT, now at Harvard, William A. Brock, Martin J. Beckmann and othes.

These are questions, speculation, hypotheses or opinion. All other disclaimers apply.

 

=Note added

Some earlier Cowles papers by Markowitz are now available on line.  The above has to be revised in light of these.

http://cowles.econ.yale.edu/P/au/m.htm#Markowitz-Harry

In particular,

CCDP Economics 278, “Towards a Theory of Financial Behavior” (plus Errata) [15pp] (May 1950)
CCDP Economics 294, “Investment Company Behavior Equations” [7pp] (October 1950)
CCDP Economics 295, “On the Certainty Equivalence and Risk Discount Hypotheses” [16pp] (November 1950)

 

 

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