Many MBA applicants feel that they are purchasing a brand when they choose a business school. However, the educational experience you will have is what is crucial to your future, and no one will affect your education more than your professors. Today, we focus on Gary B. Gorton from the Yale School of Management.
Gary B. Gorton has been the Frederick Frank Class of 1954 Professor of Management and Finance at the Yale School of Management (SOM) since 2008, before which he taught at the Wharton School of Business at the University of Pennsylvania. Gorton was formerly a director of the research program on banks and the economy for the Federal Deposit Insurance Corporation and a senior economist at the Federal Reserve in Philadelphia, and his research focuses on such topics as the role of stock markets, banks, and bank regulation. His books Fighting Financial Crises: Learning from the Past (University of Chicago Press, USA, 2018; co-written with E. W. Tallman), Misunderstanding Financial Crises: Why We Don’t See Them Coming (Oxford University Press, USA, 2012), and Slapped by the Invisible Hand: The Panic of 2007 (Oxford University Press, USA, 2010) offer in-depth analysis and discussion of the 2007–2008 financial crisis. Gorton, who wrote his PhD dissertation on bank crises while studying at the University of Rochester in 1983, once noted on the SOM website, “When I wrote it, I never dreamed I would live through one.”
The “Capital Markets” course Gorton teaches likewise focuses on the 2007–2008 financial crisis, particularly as it related to capital markets. In it, he uses a mixture of case studies and lectures that touch on current financial events, and he expects students to keep up with the latest developments on the finance scene by reading the business section of the New York Times, the Financial Times, and the Wall Street Journal. During the 2020–2021 academic year, Gorton also taught a course titled “The Digitalization of Money.”
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