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8 Jan 2025 Conversations with Tyler Scott Sumner on Monetary Rules, Blooming Late, and the Death of Cinema
“For decades, I pursued work on the Great Depression. I think my book on the Great Depression is the one book I’m proud of.”
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- Scott Sumner
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- commitment
- Recorded
- 8 Jan 2025
- Publisher
- Conversations with Tyler
Transcript context
…Strengths also, right? There’s plenty of people who never bloom. My parents probably should have held me back one year even to go to kindergarten. I wasn’t a particularly good student, or I was an uneven student all along the way. I wasn’t particularly ambitious. I’m not sure why. Yes, it’s kind of weird. I got into blogging 15 years ago, and it put me into a different world where I was interacting with a lot of people, mainly electronically interacting, but I’d been much more of a loner for most of my life. When I look back on that earlier period of life, it almost feels like a different person now. I can’t analyze exactly why I was a late bloomer, but it was clearly an aspect of my personality. It wasn’t like I was held back by something artificial. I just wasn’t applying myself as aggressively or forcefully as I could have, but when I would get under the gun, I would at the last minute somehow get things done that I need. I almost didn’t even stay at Bentley. Then I did my dissertation very quickly right before they were going to fire me. I went in ABD. Then, a few years later, I actually got turned down for tenure for lack of publications. Then quickly got a few publications, including the JPE article I mentioned. I got tenure by reapplying under different circumstances. I was treated actually very well; many schools, I wouldn’t have even survived at. Then, unlike a lot of faculty, I did most of my research after getting tenure, almost none before. I had a very odd career that didn’t fit the normal mold. I didn’t pursue topics that were trendy. I just pursued things I was interested in. Even my dissertation — Lucas was my chair at Chicago, and I did currency hoarding. That’s an odd thing for someone to do studying under Lucas, who’s known for rational expectations theory and so on. I just pursued what interested me. For decades, I pursued work on the Great Depression. I think my book on the Great Depression is the one book I’m proud of. I think there’s some useful academic contributions in that book. The other books I wrote are more just popularizing my blog posts. That book, I did a lot of real research on. It’s been, I guess, kind of an unusual career in that sense, not following the conventional path. Final question. What will you do next?…
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