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Professor Paul Wachtel discusses Alan Greenspan's work

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Excerpt from the Foundation for Economic Education -- "Paul Wachtel, an NYU economics professor who was on Greenspan's dissertation committee, defends Greenspan’s work, claiming, 'the chapter written by Greenspan in 1959 on investment risk and stock prices anticipated by 10 years the Q ratio developed in 1969 by the late James Tobin,' who would become a Nobel laureate."

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