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ROBIN M. PEGUERO, HARVARD CRIMSON - A Harvard economics professor
picked up
a memorable birthday gift for himself last Friday: a truckload of stolen manure and an arrest, in a small-town controversy that has made a big stink among locals. Monrad Professor of Economics Martin L. Weitzman was involved in a market failure of his own, caught on his birthday attempting to steal manure from a privately owned farm in Rockport, Mass. He is accused of stealing over 100 cubic yards of manure off of town property. "He's been stealing the manure for some time," said Miriam E. Lane, owner of the farm. Lane said Weitzman has stolen over $600 worth of manure over the past few years before being caught in the act by her nephew, Phillip Casey. "The farm owner's nephew was there and kept him from leaving the premises," said Michael Marino, spokesman for the Rockport Police Department. "He offered to pay for the product after he had it in his vehicle, but at that time, it was too late." The 63-year-old Weitzman, a resident of nearby Gloucester, first offered Casey $20. When Casey refused, he upped his offering to $40. "Phillip wouldn't take that," Lane said. "He said 'No, the police are on their way.' [Weitzman] got mad.". . . "It's an offense against the community that a Harvard professor should have so little regard for the place he lives in," said Valerie I. Nelson '69, a resident of Gloucester. . . Rockport police say Weitzman - who teaches a course on "Environmental and Natural Resource Economics" in the fall - told them that he was a professor during booking. . . "These damn economists," said Nelson, who concentrated in economics while at Harvard. "Always makes you wonder about the moral foundation of that profession." http://www.thecrimson.com/today/article506946.html |
- [PEN-L] [Fwd: economist in deep shit] Eugene Coyle
- Re: [PEN-L] [Fwd: economist in deep shit] Max B. Sawicky
