Preface
My first teaching experience was a disaster. The year was 1977, and the venue was the University of Southern California in Los Angeles. It was an important time for me. I had just left the University of Chicago with a doctorate in economics, along with a full head of ideas and plenty of energy. Economics wasn’t only my vocation; it was my passion. I was about to jump into action at USC’s graduate school of business. What could be better?
A root canal, perhaps.
My initial feeling was one of awkwardness. It turned out that most of my students were older than me. They also were a much different sort than my colleagues back in Chicago—people who could consume large portions of economic theory at a sitting. My students at USC worked during the ...
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