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Jakarta Post

Moral hazard: Lesson of 1998 monetary crisis in Tahir dissertation

  • Jusuf Wanandi

    Vice chair, Board of Trustees, CSIS Foundation, Jakarta

Jakarta   /   Mon, September 9 2019   /  01:07 am

I was with Dato Sri Tahir at Airlangga University in Surabaya, East Java, last year for his doctor honoris causa conferral. It was one of many degrees that he has already received in appreciation of his social and philanthropic work. At the time he personally informed me that he was working on his dissertation in political economy at Gadjah Mada University (UGM), Yogyakarta. While I was impressed by his intention, I thought it was a very ambitious objective and that it would need a lot of effort and determination to earn the doctoral degree from a reputable university like UGM. But he really made it after three years of studies and hard work, and he successfully defended his dissertation on leadership and innovation policies at the end of August, and passed cum laude. So incredible, but true. Titled “New Institution and Leadership Economy”, the dissertation examined the policies behi...