The Harvard Econ Dept crime wave continues!
 
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From: PEN-L list [mailto:[EMAIL PROTECTED]On Behalf Of Eugene Coyle
Sent: Saturday, April 09, 2005 12:19 AM
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Subject: [Fwd: economist in deep shit]



-------- Original Message --------
Subject: economist in deep shit
Date: Fri, 8 Apr 2005 23:12:45 -0700
From: Wally Roberts <[EMAIL PROTECTED]>
To: Eugene P. Coyle <[EMAIL PROTECTED]>, Harry Trebing <[EMAIL PROTECTED]>


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

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