This paper uses citation counts, over the period 1971–1992, to rank the top 250 academic economists in the United States. Schools were ranked by the number of top 250 economists a university had on their faculty. Graduate programs were ranked by those Ph.D. programs which have produced the greatest number of the top 250 academic economists. The paper's principal finding is that five universities, Harvard, Stanford, Chicago, MIT, and Princeton are the elite among all Universities.
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Marshall H. Medoff (1996) studied this question.
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