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Chicago Funny Business

Chicago. Economics Christmas Skit Material, 1969

While no date is given for the following two pages, we can be confident that the material was prepared and one presumes performed at the Chicago Economics Department Christmas Party of 1969. Photos from the December 1970 Christmas party have been posted by Robert J. Gordon–they do not correspond to the texts below.

The events of campus unrest at Columbia, Cornell, Harvard and San Francisco State referred to all took place 1968-69, so the earliest possible date for this skit would have been in December 1969.

I have added the “true” lyrics to the chosen tunes as well as links to videos with the corresponding melodies for readers who wish to try their luck in the privacy of their own offices. Replication probably requires a cocktail or two to establish the appropriate a-critical mood. 

Your sober scribe was not particularly amused. OK, maybe the lighting, costuming, and orchestral arrangements were fantastic–hard to know. I pity though the poor future historians of present economics who will have to deal with audio and video evidence and not just the written record. 

________________________

SONGS FOR SKIT

University of Chicago
Economics Department
Skit Song Lyrics

“The Merry Minuet
(They’re rioting in Africa…)

https://youtu.be/L8-BI89mb9A

They’re rioting at C’lumbia

La La La La La La La

They’re shooting up Cornell

La La La La La

They’re plowin’ up ole Harvard Yard

La La La La La La La

And Hiyakowa’s catching hell.

La La La La La

Academia is festering with strife and discord

The faculty hate students cause they’re paranoid

But we can be certain and brimming with cheer

That none of this nonsense will ever happen here.

They’re rioting in Africa
They’re starving in Spain
There’s hurricanes in Florida
And Texas needs rain
The whole world is festering with unhappy souls
The French hate the Germans,
the Germans hate the Poles
Italians hate Yugoslavs,
South Africans hate the Dutch
And I don’t like anybody very much
But we can be thankful and tranquil and proud
That Man’s been endowed with the mushroom shaped cloud
And we know for certain that some lovely day
Some one will set the spark off and we will all be blown away
They’re rioting in Africa
There’s strife in Iran
What nature doesn’t do to us
Will be done by our fellow man!

 

University of Chicago
Economics Department
Skit Song Lyrics

Santa Claus is Coming to Town
https://youtu.be/HSmsq2iq4bQ
You’d better watch out
You’d better not strike
You’d better not riot
I’m (or We’re) telling you why
The National Guard is coming to town.
They know what you’ve been smoking
They know when you’ve been bad
They know when you’ve been sitting-in
So get out…do you understand!!
They’re making a list
And checking it twice
They’re going to find out
Whose [sic] Commie or nice
The National Guard is coming to town.
Oh! You better watch out
You better not cry
You better not pout
I’m telling you why
Santa Claus is coming to town
He sees you when you’re sleeping
He knows when you’re awake
He knows if you’ve been bad or good
So be good for goodness sake!
He’s making a list
Checking it twice
Gonna find out
Who’s naughty or nice
Santa Claus is coming to town

 

 

University of Chicago
Economics Department
Skit Song Lyrics

On Top of Old Smokey
https://youtu.be/P51eCjKN2Kw
On top of a mountain
In central Vermont
Resides Milton Friedman
Of wisdom the fount.
The scene is idyllic
On that mountain peak
But here in Chicago
The outlook is bleak.
Since Telser to Belgium
Has decided to roam,
Just Zecher and Gorden [sic]
Are left here at home.
No thesis prospectus
Are we able to give
Faculty all neglect us
As their prerogative.
Heed our ultimatum
Before it’s too late
Move the MONEY workshop
To the Green Mountain State.
On top of old smokey
all covered with snow
I lost my true lover
for courting too slow
For courting’s a pleasure
and parting’s a grief
And a false hearted lover
is worse than a thief
For a thief will just rob you
and take all you save
But a false hearted lover
will lead you to the grave
And the grave will decay you
and turn you to dust
Not one girl in a hundred
a poor boy can trust
They’ll hug you and kiss you
and tell you more lies
Than cross lines on a railroad
or stars in the skies
So come all your maidens
and listen to me
Never place your affections
on a green willow tree
For the leaves they will wither
and the roots they will die
You’ll all be forsaken
and never know why.

 

 

University of Chicago
Economics Department
Skit Song Lyrics

Mickey Mouse Club Song
https://youtu.be/x4C_lUy58Rw

Who’s the leader of the club
That’s made for you and me
M-i-l-t-o-n Da Da Da Da De[e]
Uncle Miltie,
Uncle Miltie
Forever let us sing his praises high
[…high, high, high]
He’s the man with just one theory
When others must use two
M-i-l-t-o-n Da Da Da Da Do[o]
Milt the Stilt (Paul the Small)
Milt the Stilt (Paul the Small)
In our hearts we know which one is  right […] [right, right, right]
Velocity is constant
The Phillips curve’s a fraud
M-i-l-t-o-n Da Da Da Da Da[w]
Money matters,
money matters
As long as prices
do not rise too fast.
What’s the purpose of the club
That’s made for you and I
U of C Ph.D. M-O-N-E-Y
Permanent Income,
Permanent income
It makes it all worthwhile, or so they[…]
[…]say. [say, say, say]
Rules and not discretion
And let me tell you why
M-I-L-T-O-N  M-O-N-E-Y
Who’s the leader of the club
That’s made for you and me
M-I-C-K-E-Y M-O-U-S-E
Hey! there, Hi! there, Ho! there
You’re as welcome as can be
M-I-C-K-E-Y M-O-U-S-E
Mickey Mouse! (Donald Duck)
Mickey Mouse! (Donald Duck)
Forever let us hold our banner
High! High! High! High!
Come along and sing the song
And join the jamboree!
M-I-C-K-E-Y M-O-U-S-E
Mickey Mouse club
Mickey Mouse club
We’ll have fun
We’ll meet new faces
We’ll do things and
We’ll go places
We’re marching all around the world
Who’s the leader of the club
That’s made for you and me
M-I-C-K-E-Y M-O-U-S-E
Hey! there, Hi! there, Ho! there
You’re as welcome as can be
M-I-C-K-E-Y M-O-U-S-E
Mickey Mouse! (Donald Duck)
Mickey Mouse! (Donald Duck)
Forever let us hold our banner
High! High! High! High!
Come along and sing a song
And join the jamboree!
M-I-C-K-E-Y M-O-U-S-E(yay Mickey)
(yay Mickey)
(yay Mickey Mouse Club!)

 

 

University of Chicago
Economics Department
Skit Song Lyric

 

O Tannenbaum (O Christmas Tree)

https://youtu.be/27JleM39TPY

Now that we’ve lost our faculties
To real world positions
We can observe to ascertain
What were their life ambitions
Lester Telser for his amusement
Investigated advertisement
So now we find him having fun
On the avenue called Madison.
Those who had taught development
Have left to form a settlement
With Harberger as President
An economist in residence
With [Larry] Sjastaad in an advisory task
They’re sure to find their golden path
And on their farms up with the sun
Are Teddy Schultz and Gale Johnson.
Bob Fogel has aspired to be
The president of the Santa Fee
Gregg Lewis we all should know
Leads the AFL and CIO
And Friedman’s gone up to Ely
To found his university
Big Harry with his knife so free
Now runs a toothpick factory.

[Handwritten addition:]

Uzawa + Mundell have gone to instigate at the Sorbonne
And [Erwin] Diewert is a lumberjack
Up near the straits of Mackinac

Geo. T who’s of urban fame [George S. Tolley]
Has taken over Lindsay’s game [NYC mayor]
And since there is no more faculty
We’ve all enrolled at MIT.

O Christmas Tree, O Christmas tree,
How lovely are your branches!
O Christmas Tree, O Christmas tree,
How lovely are your branches!
Not only green in summer’s heat,
But also winter’s snow and sleet.
O Christmas tree, O Christmas tree,
How lovely are your branches!
O Christmas Tree, O Christmas tree,
Of all the trees most lovely;
O Christmas Tree, O Christmas tree,
Of all the trees most lovely.
Each year you bring to us delight
With brightly shining Christmas light!
O Christmas Tree, O Christmas tree,
Of all the trees most lovely.
O Christmas Tree, O Christmas tree,
We learn from all your beauty;
O Christmas Tree, O Christmas tree,
We learn from all your beauty. 

 

Your bright green leaves with festive cheer,
Give hope and strength throughout the year.
O Christmas Tree, O Christmas tree,
We learn from all your beauty.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Some dialogue:

Opening scene, faculty seated around a table, one member is reading a newspaper:

One faculty member: (reading newspaper, shakes head) The students are revolting!

(All concur)

Another member: But thank God—ah I mean Milton—that we’re at Chicago. Our students are well behaved, well ordered, normal, continuous and homothetic.

Another: (questioning) But how do you know about their sex lives?

(Pause for a few seconds, for all the uproarious laughter, then break into song—“They’re rioting at Columbia….” [See above].)

(After song, and during, students enter, their spokesman present list of demands to Stigler).

Student spokesman: We’ve come to present our nonnegotiable demand schedule for reform in the department.

(All faculty in shock and dismay)

We have decided to bring the free market economy into the university. Therefore:

(1) We demand that prelim grades be bought and sold freely—thereby bringing greater efficiency into the production of economists.

(2) We demand the immediate return of all industrial organization exams from the public enterprise post office.

And (3) We demand the removal of all artificial floors and ceilings in the Department.

Stigler: (unrolls list of demands and exclaims) Heck—we’re saved. Your demand schedule is upward sloping (a pause)

(turns sheet of paper to audience)

And therefore nonexistent.

(All faculty sigh in relief)

 

Source: Harvard University Archives, Papers of Zvi Griliches, Box 129, Folder “Faculty skits, ca. 1960s”.

 

Categories
Economists Gender Harvard Johns Hopkins Michigan

Michigan, Johns Hopkins and Harvard. Three Generations of Economics PhDs. Orcutt-Nakamura(s)

 

 

In an earlier post we met the Ruggles Family Dynasty, three generations of economists with Harvard economics Ph.Ds. Silly me that I thought that this might have been a unique constellation, but in the meantime I have “discovered” a second observation. Meet the Orcutt-Nakamura dynasty of economists!  Painstaking empirical analysis reveals that both dynasties display a greater frequency of women economists (including the spouses), than the frequency for the entire population of economists.

Thus, with all the power vested in me  from this second observation, I hereby declare Collier’s conjecture on economist-dynasties:  the economist-gene is carried on the X chromosome.

__________________

1st Generation: Guy Henderson Orcutt
(Ph.D. from Michigan, 1944)

Guy Henderson Orcutt (b. 5 July 1917 in Wyandotte, Michigan; d. 5 March 2006 in Bowie, Prince Georges, Maryland)

B.S.  with honors, Physics (1939)
M.A. Economics (1940)
Ph.D. (1944) University of Michigan

Dissertation Title: Statistical Methods and Tools for Finding Natural Laws in the Field of Economics

Taught or affiliated with MIT, Cambridge, Harvard, Wisconsin, and Yale, IMF, World Bank and The Urban Institute.

Guy Orcutt material transcribed for Economics in the Rear-view Mirror:

Economics 110. Introduction to Econometrics. Harvard, Spring Semester 1950.
A Bibliography of Books and Articles on the Scientific Method

Economics 110a. Empirical Economics. Harvard, Fall Semester 1950.
Course Readings

Autobiographical/Biographical material

Guy Orcutt, “From engineering to microsimulation: An autobiographical reflection” In Special issue “Orcutt Festschrift” Journal of Economic Behavior and Organization. Vol. 14, No. 1 (September 1990), pp. 5-27.

Harold W. Watts. An Appreciation of Guy Orcutt, Distinguished Fellow of the American Economic Association. Journal of Economic Perspectives  Vol. 5, No. 1 (Winter 1991) pp. 171-179.

Guy Henderson Orcutt page at the Prabook website.

Image source: Ugo Colombino’s lecture Microsimulation and Microeonometrics: Survey, Interpretation and Perspectives. (Università degli studi di Torino, Campus Luigi Einaudi) April 1, 2015. Slide #3.

 

2nd Generation: Alice Orcutt Nakamura
(Ph.D. from Johns Hopkins, 1972)

Alice O. Nakamura (b. Boston, Mass., 1945)

B.S. in Economics (Political Science minor), University of Wisconsin-Madison, 1968
Ph.D. in Political Economy with a minor in Sociology, Johns Hopkins University, 1973

Dissertation Title: State and Local Police Expenditures: An Empirical Investigation.

Professor of Finance and Management Science at University of Alberta

Biographical/Professional Information

Apr. 4, 2019 archived webpage of Alice Orcutt Nakamura.

Alice O. Nakamura’s c.v. (June 2017)

Alice O. Nakamura’s Short Biography
March 31, 2019 archived

Alice Nakamura is a Professor of Finance and Management Science at the University of Alberta. She holds a Ph.D in Economics from John Hopkins University and a B.S. from the University of Wisconsin at Madison. She is a Fellow of the Canadian Economics Associations. In 1994-95, she served as President of the Canadian Economics Association. She has received numerous honors, including begin an Honorary Doctorate from the University of Western Ontario, the Kaplan Award for Excellence in Research, and the McCalla Research Professorship. She has also held numerous public policy and advisory roles, including being a member of the Axworthy Social Security Reform Task Force, the Statistics Canada Price Measurement Advisory Committee and the Co-chair of the Canadian Employment Research Forum (CERF). Her publications are in the areas of labour economics, econometrics, price and productivity measurement, social policy, and genomic statistics among other topics. She has numerous publications in the most prestigious journals in economics and statistics, including the American Economic Review, Econometrica, the Journal of Econometrics, the Journal of the American Statistical Association, the Review of Economics and Statistics and the Canadian Journal of Economics.

Image Source: Alice Nakamura’s webpage.

Alice Nakamura is married to Masao Nakamura

B.S., Keio University (Tokyo), 1967 in Administration Engineering
M.S. Keio University (Tokyo), 1969 in Administration Engineering
Johns Hopkins University Ph.D. 1972 in Operations Research/ Industrial Engineering

Title of Dissertation: Mathematical analysis and optimization of health services systems.
Dissertation Adviser: Rodger Parker

Professor of Commerce & Business Administration (Emeritus)
Strategy & Business Economics Division, Sauder School of Business
University of British Columbia

Masao Nakamura’s c.v. (April 2016)

Masao Nakamura’s Personal webpage (Nov. 30, 2018)

 

2nd Generation: Harriet L. Orcutt Duleep

Harriet L. Orcutt born 1953.

B.A., Oberlin Conservatory/College, 1973
B.A., in Economics, University of Michigan, 1976
Ph.D. in Economics, M.I.T., 1986

Title of DissertationPoverty and Inequality of Mortality.
Advisers:  Jerry Hausman and Lester Thurow.

Research Professor of Public Policy, College of William and Mary since 2007.

Harriet Orcutt Duleep’s c.v.

 

3rd generation: Emi Nakamura
(Harvard Ph.D., 2007)

Emi Nakamura (b. 1980)

A.B. (summa cum laude) Princeton University, 2001
A.M. Economics, Harvard University, 2004.
Ph.D. Economics, Harvard University, 2007.

Dissertation Title: Price Adjustment, Pass-through and Monetary Policy
Advisers: Robert Barro and Ariel Pakes

Emi Nakamura is Chancellor’s Professor of Economics, University of California, Berkeley since 2018.

Emi Nakamura’s c.v. (January 2019)

Image source: Emi Nakamura’s home page.

From an Interview with Emi Nakamura

Can you tell us something about growing up in an academic family of economists?

My parents love their work and really wanted to give me a sense of what they did. That’s easy when your parents are firemen or policemen, but harder when your parents spend all their time sitting at a desk reading books and running regressions. How do you explain to a kid what it means to do research? So my mom brought me to a number of economics conferences when I was a child. Of course, I didn’t understand much, but I did get some sense of what it meant to be an academic economist. It also led to some funny conversations when I grew up and met colleagues like Kevin Lang, who I’d first met as a child. Because of my parents, I also got to take a bunch of economics classes at the University of British Columbia when I was in high school and over the summer when I was home from college in Vancouver, including a number of classes on economic measurement from Erwin Diewert. Measurement is a really understudied topic in economics today and you don’t learn much about it even in grad school, so that was a unique opportunity. I have since written several papers on measurement issues where this experience was very useful.

Source: CSWEP News. 2015 Issue 2.  From “An Interview with Emi Nakamura” by Serena Ng.

HUGE UPDATE: John Bates Clark Medal 2019 awarded to Emi Nakamura!

Emi Nakamura is married to:

Jón Steinsson also Chancellor’s Professor of Economics at UC Berkeley.

Jan. 2019 c.v.  of Jón Steinsson.

Note: Emi Nakamura and Jón Steinsson have two children…[to be continued?]

Image: Guy Orcutt, Alice Nakamura, Emi Nakamura.