The Rich Professors

I agree you need to be smart to be teaching economics at Harvard, but this guy is a brooding genius. On his blog, he says

If people no smarter or better than you are making ten or 50 or 100 million dollars in a single year while you're working yourself ragged to earn a million or two - or, God forbid, $400,000 - then something must be wrong.

Does Harvard really pay its professors that much?? More than $400,000???

Link