Kuroda Brings Oxford Mindset After Chicago-Alum Shirakawa

It was an elite band of graduate students that in the early 1970s attended intense economics sessions in a small, austerely furnished basement under the 15th-century lodge at All Souls College at the University of Oxford.

The tutor was Nobel Laureate economist John Hicks and he both terrified and enchanted the attendees: At least 11 of the 16 members of the class of 1971 went on to become professional economists. Now one of them, Haruhiko Kuroda, is the incoming governor of the Bank of Japan.