I think this debate a great idea in principle, but unfortunately they both lost me around 10 minutes when they both decided to totally pigeonhole the other industry into the worst possible view:
Schiller (paraphrase): "Finance must be more important than programming some little gimmick at Google" - That's not all that Google does.
Wadhwa: "What has finance given us? CDOs, CDSs, subprime loans, housing bubble, economic meltdown" - That's clearly not all that finance has given us.
With both of them being very close-minded about the other industry, the chances of getting a true debate about the pros and cons of each are slim.
Both are trying to make employees work as long hours as possible, both are "optimizing" taxes, both don't care about social responsibility, so hopefully can kiss and be friends.
Schiller (paraphrase): "Finance must be more important than programming some little gimmick at Google" - That's not all that Google does.
Wadhwa: "What has finance given us? CDOs, CDSs, subprime loans, housing bubble, economic meltdown" - That's clearly not all that finance has given us.
With both of them being very close-minded about the other industry, the chances of getting a true debate about the pros and cons of each are slim.