Read more below about Bloomberg's piece on MIT and how MIT alums are in charge of solving the European debt crisis. MIT's Economics program is currently ranked #1 by U.S. News and World Report.
“The faculty makes the place but the students also make the place,” [former MIT professor and now Bank of Israel Governor Stanley] Fischer said in a telephone interview. “One of the reasons you go to MIT is because you have the best students in the world.” To him, economics was a tool to “do something useful.”
http://www.bloomberg.com/news/2012-01-12/rescuing-europe-from-debt-crisis-begins-with-men-of-mit-as-matter-of-trust.html