This is excellent. It is from Brad Delong's site, and it is here.
One other thing from the Prof's point of view. New assistant professors are much more tooled up than older professors like me, and then (rightly) want to teach the latest and greatest knowledge. But it has been true for me that as I have grown older, my knowledge of what I teach has grown deeper (at least I hope so), which in turn has enabled me to make points in class that I could not have made when I started (again, at least I hope so).
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