All those pundits who think they know how to fix the economy, might want to call University of Tennessee student Gregg Rader for some real insight.
Rader, an economics junior, recently was named Pearson’s Future Economic Insider at the National Economics Insider Symposium held in Washington, D.C. this month.
Rader was was one of 12 finalists who presented their ideas for how to improve the economy to a panel of international experts.
His proposal involved offering public school students financial incentives to spur academic performance.
“Phase one would treat the public school system as a big laboratory, running lots of experiments to find out which pay practices successfully motivated students and how to best implement these practices,” Rader said in a press release. “In the second part, the government would grant money to states or school districts that implemented financial incentive programs into their schools.
Pearson is a leading education, business information and consumer publishing business. Rader’s victory is a big deal. Pearson’s Economics Insiders include major players such as Ben Bernanke, chairman of the Federal Reserve; Glenn Hubbard, dean of the Columbia University business school and former chairman of the White House Council of Economics Adivsers; and Nobel prize winner Paul Krugman
Photo: Gregg Rader/ University of Tennessee