Greg Ip

Articles by The Economist’s U.S. Economics Editor

Barack Obama’s new economist: Micro scope

leave a comment »

Alan Krueger is nominated to head the Council of Economic Advisers

Sep 3rd 2011 | WASHINGTON, DC | from the print edition

[Greg Ip] WHEN Barack Obama took office his priority was to keep the economy from collapsing. Fittingly, the first chairman of his Council of Economic Advisers, Christina Romer, was a macroeconomist who had investigated such matters as the Depression of the 1930s.Now approaching the final year of his first term, Mr Obama’s ambitions and room for of manoeuvre have shrunk. When he addresses Congress on September 8th he is less likely to call for a big new stimulus than for a laundry list of lesser initiatives. Appropriately, the man he nominated on August 29th to head the CEA, Alan Krueger, is a microeconomist at Princeton University who has studied, for example, how the minimum wage affects New Jersey restaurant workers.

The entire article is linked here.

Advertisements

Written by gregip

September 1, 2011 at 3:55 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: