Prestigious Group of 192 Economists - Including Nobel Prize Winners - Slams Bailout

The following group of prominent economists, including numerous Nobel Prize winners, has written a letter slamming the bailout proposal:

• Acemoglu Daron (Massachusetts Institute of Technology)

• Adler Michael (Columbia University)

• Admati Anat R. (Stanford University)

• Alexis Marcus (Northwestern University)

• Alvarez Fernando (University of Chicago)

• Andersen Torben (Northwestern University)

• Baliga Sandeep (Northwestern University)

• Banerjee Abhijit V. (Massachusetts Institute of Technology)

• Barankay Iwan (University of Pennsylvania)

• Barry Brian (University of Chicago)

• Bartkus James R. (Xavier University of Louisiana)

• Becker Charles M. (Duke University)

• Becker Robert A. (Indiana University)

• Beim David (Columbia University)

• Berk Jonathan (Stanford University)

• Bisin Alberto (New York University)

• Bittlingmayer George (University of Kansas)

• Boldrin Michele (Washington University)

• Brooks Taggert J. (University of Wisconsin)

• Brynjolfsson Erik (Massachusetts Institute of Technology)

• Buera Francisco J. (UCLA)

• Camp Mary Elizabeth (Indiana University)

• Carmel Jonathan (University of Michigan)

• Carroll Christopher (Johns Hopkins University)

• Cassar Gavin (University of Pennsylvania)

• Chaney Thomas (University of Chicago)

• Chari Varadarajan V. (University of Minnesota)

• Chauvin Keith W. (University of Kansas)

• Chintagunta Pradeep K. (University of Chicago)

• Christiano Lawrence J. (Northwestern University)

• Cochrane John (University of Chicago)

• Coleman John (Duke University)

• Constantinides George M. (University of Chicago)

• Crain Robert (UC Berkeley)

• Culp Christopher (University of Chicago)

• Da Zhi (University of Notre Dame)

• Davis Morris (University of Wisconsin)

• De Marzo Peter (Stanford University)

• Dubé Jean-Pierre H. (University of Chicago)

• Edlin Aaron (UC Berkeley)

• Eichenbaum Martin (Northwestern University)

• Ely Jeffrey (Northwestern University)

• Eraslan Hülya K. K.(Johns Hopkins University)

• Faulhaber Gerald (University of Pennsylvania)

• Feldmann Sven (University of Melbourne)

• Fernandez-Villaverde Jesus (University of Pennsylvania)

• Fohlin Caroline (Johns Hopkins University)

• Fox Jeremy T. (University of Chicago)

• Frank Murray Z.(University of Minnesota)

• Frenzen Jonathan (University of Chicago)

• Fuchs William (University of Chicago)

• Fudenberg Drew (Harvard University)

• Gabaix Xavier (New York University)

• Gao Paul (Notre Dame University)

• Garicano Luis (University of Chicago)

• Gerakos Joseph J. (University of Chicago)

• Gibbs Michael (University of Chicago)

• Glomm Gerhard (Indiana University)

• Goettler Ron (University of Chicago)

• Goldin Claudia (Harvard University)

• Gordon Robert J. (Northwestern University)

• Greenstone Michael (Massachusetts Institute of Technology)

• Guadalupe Maria (Columbia University)

• Guerrieri Veronica (University of Chicago)

• Hagerty Kathleen (Northwestern University)

• Hamada Robert S. (University of Chicago)

• Hansen Lars (University of Chicago)

• Harris Milton (University of Chicago)

• Hart Oliver (Harvard University)

• Hazlett Thomas W. (George Mason University)

• Heaton John (University of Chicago)

• Heckman James (University of Chicago - Nobel Laureate)

• Henderson David R. (Hoover Institution)

• Henisz, Witold (University of Pennsylvania)

• Hertzberg Andrew (Columbia University)

• Hite Gailen (Columbia University)

• Hitsch Günter J. (University of Chicago)

• Hodrick Robert J. (Columbia University)

• Hopenhayn Hugo (UCLA)

• Hurst Erik (University of Chicago)

• Imrohoroglu Ayse (University of Southern California)

• Isakson Hans (University of Northern Iowa)

• Israel Ronen (London Business School)

• Jaffee Dwight M. (UC Berkeley)

• Jagannathan Ravi (Northwestern University)

• Jenter Dirk (Stanford University)

• Jones Charles M. (Columbia Business School)

• Kaboski Joseph P. (Ohio State University)

• Kahn Matthew (UCLA)

• Kaplan Ethan (Stockholm University)

• Karolyi, Andrew (Ohio State University)

• Kashyap Anil (University of Chicago)

• Keim Donald B (University of Pennsylvania)

• Ketkar Suhas L (Vanderbilt University)

• Kiesling Lynne (Northwestern University)

• Klenow Pete (Stanford University)

• Koch Paul (University of Kansas)

• Kocherlakota Narayana (University of Minnesota)

• Koijen Ralph S.J. (University of Chicago)

• Kondo Jiro (Northwestern University)

• Korteweg Arthur (Stanford University)

• Kortum Samuel (University of Chicago)

• Krueger Dirk (University of Pennsylvania)

• Ledesma Patricia (Northwestern University)

• Lee Lung-fei (Ohio State University)

• Leeper Eric M. (Indiana University)

• Leuz Christian (University of Chicago)

• Levine David I.(UC Berkeley)

• Levine David K.(Washington University)

• Levy David M. (George Mason University)

• Linnainmaa Juhani (University of Chicago)

• Lott John R. Jr. (University of Maryland)

• Lucas Robert (University of Chicago - Nobel Laureate)

• Luttmer Erzo G.J. (University of Minnesota)

• Manski Charles F. (Northwestern University)

• Martin Ian (Stanford University)

• Mayer Christopher (Columbia University)

• Mazzeo Michael (Northwestern University)

• McDonald Robert (Northwestern University)

• Meadow Scott F. (University of Chicago)

• Mehra Rajnish (UC Santa Barbara)

• Mian Atif (University of Chicago)

• Middlebrook Art (University of Chicago)

• Miguel Edward (UC Berkeley)

• Miravete Eugenio J. (University of Texas at Austin)

• Miron Jeffrey (Harvard University)

• Moretti Enrico (UC Berkeley)

• Moriguchi Chiaki (Northwestern University)

• Moro Andrea (Vanderbilt University)

• Morse Adair (University of Chicago)

• Mortensen Dale T. (Northwestern University)

• Mortimer Julie Holland (Harvard University)

• Muralidharan Karthik (UC San Diego)

• Nanda Dhananjay (University of Miami)

• Nevo Aviv (Northwestern University)

• Ohanian Lee (UCLA)

• Pagliari Joseph (University of Chicago)

• Papanikolaou Dimitris (Northwestern University)

• Parker Jonathan (Northwestern University)

• Paul Evans (Ohio State University)

• Pejovich Svetozar (Texas A&M University)
  

• Peltzman Sam (University of Chicago)

• Perri Fabrizio (University of Minnesota)

• Phelan Christopher (University of Minnesota)

• Piazzesi Monika (Stanford University)

• Piskorski Tomasz (Columbia University)

• Rampini Adriano (Duke University)

• Reagan Patricia (Ohio State University)

• Reich Michael (UC Berkeley)

• Reuben Ernesto (Northwestern University)

• Roberts Michael (University of Pennsylvania)

• Robinson David (Duke University)

• Rogers Michele (Northwestern University)

• Rotella Elyce (Indiana University)

• Ruud Paul (Vassar College)

• Safford Sean (University of Chicago)

• Sandbu Martin E. (University of Pennsylvania)

• Sapienza Paola (Northwestern University)

• Savor Pavel (University of Pennsylvania)

• Scharfstein David (Harvard University)

• Seim Katja (University of Pennsylvania)

• Seru Amit (University of Chicago)

• Shang-Jin Wei (Columbia University)

• Shimer Robert (University of Chicago)

• Shore Stephen H. (Johns Hopkins University)

• Siegel Ron (Northwestern University)

• Smith David C. (University of Virginia)

• Smith Vernon L.(Chapman University- Nobel Laureate)

• Sorensen Morten (Columbia University)

• Spiegel Matthew (Yale University)

• Stevenson Betsey (University of Pennsylvania)

• Stokey Nancy (University of Chicago)

• Strahan Philip (Boston College)

• Strebulaev Ilya (Stanford University)

• Sufi Amir (University of Chicago)

• Tabarrok Alex (George Mason University)

• Taylor Alan M. (UC Davis)

• Thompson Tim (Northwestern University)

• Tschoegl Adrian E. (University of Pennsylvania)

• Uhlig Harald (University of Chicago)

• Ulrich, Maxim (Columbia University)

• Van Buskirk Andrew (University of Chicago)

• Veronesi Pietro (University of Chicago)

• Vissing-Jorgensen Annette (Northwestern University)

• Wacziarg Romain (UCLA)

• Weill Pierre-Olivier (UCLA)

• Williamson Samuel H. (Miami University)

• Witte Mark (Northwestern University)

• Wolfers Justin (University of Pennsylvania)

• Woutersen Tiemen (Johns Hopkins University)

• Zingales Luigi (University of Chicago)

• Zitzewitz Eric (Dartmouth College)

Here's the letter.

They are not alone. See this, this, this, this, this, this, this, this and this.