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People I (Mostly) Admire

149. Stanford’s President Knows He Can’t Make Everyone Happy

People I (Mostly) Admire

Freakonomics Radio + Stitcher

Society & Culture

4.61.9K Ratings

🗓️ 18 January 2025

⏱️ 56 minutes

🧾️ Download transcript

Summary

Jonathan Levin is an academic economist who now runs one of the most influential universities in the world. He tells Steve how he saved Comcast a billion dollars, why he turned down Steve’s unusual pitch to come to the University of Chicago, and why being a nice guy makes him a better college president.

Transcript

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0:00.0

I tend to forget how old I am.

0:08.9

I've been fortunate to have good health,

0:10.8

and between having young kids and not looking in the mirror very often,

0:15.2

I still feel young.

0:16.8

One thing, though, that always makes me feel old

0:19.1

is when people I know who are a lot younger

0:21.4

than me rise to positions of power.

0:24.3

In that regard, nobody makes me feel older than my guest today, Jonathan Levin.

0:29.6

I had already finished graduate school before he even arrived.

0:33.2

I still think of him as a kid, but they do not appoint a kid to be the present of Stanford,

0:39.4

perhaps the most influential and impactful job in all of higher education.

0:44.8

So much of what drives behavior at a university and drives the quality of dialogue and

0:49.9

discourse is just people's thinking about why am I here, what am I fundamentally involved in.

0:57.0

Campuses should be places with deep curiosity about ideas, and they should be places where you

1:02.6

can take chances and test things out.

1:15.5

Welcome to people I mostly admire with Steve Levitt.

1:25.0

John Levin started his career as an assistant professor at Stanford before making his way up the ranks of academic leadership.

1:28.3

And in that regard, he's following in the footsteps of his father, Richard Leffin, who is also an economist and who served as president of Yale for 20 years. But I met John

1:33.9

way back in grad school when he was part of a class in the MIT Economics PhD program that may turn

1:40.2

out to be the best economics PhD class of all time. In addition to John, it included Esther DeFlo and Emmanuel Sias.

1:48.0

All three of them have won the John Bates-Clark Medal that's given annually to the most

1:52.0

influential economist in America under the age of 40.

...

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