Austan Goolsbee
Encyclopedia
Austan Dean Goolsbee is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

, formerly serving as the Chairman of the Council of Economic Advisers
Council of Economic Advisers
The Council of Economic Advisers is an agency within the Executive Office of the President that advises the President of the United States on economic policy...

 and the youngest member of the cabinet of President
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....

 Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

. Goolsbee is from the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

 where he is the Robert P. Gwinn Professor of Economics at the Booth School of Business.

Goolsbee served on the three-member Council since the start of the Obama Administration. He advised President Obama during his 2004 U.S. Senate race and was senior economic policy adviser during the 2008 Obama Presidential Campaign. He took over in September of 2010 as the Council's Chairman, replacing Christina Romer
Christina Romer
Christina D. Romer is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former Chair of the Council of Economic Advisers in the Obama administration...

, who had left to return to a teaching position at the University of California at Berkeley. On June 6, 2011, he announced that he was departing the administration and returning to the University of Chicago.

Early life and education

Goolsbee was born in Waco, Texas
Waco, Texas
Waco is a city in and the county seat of McLennan County, Texas. Situated along the Brazos River and on the I-35 corridor, halfway between Dallas and Austin, it is the economic, cultural, and academic center of the 'Heart of Texas' region....

, the son of Linda Catherine (née Dean) and Arthur Leon Goolsbee. He was raised primarily in Whittier, California
Whittier, California
Whittier is a city in Los Angeles County, California about southeast of Los Angeles. The city had a population of 85,331 at the 2010 census, up from 83,680 as of the 2000 census, and encompasses 14.7 square miles . Like nearby Montebello, the city constitutes part of the Gateway Cities...

.

He graduated from Milton Academy
Milton Academy
Milton Academy is a coeducational, independent preparatory, boarding and day school in Milton, Massachusetts consisting of a grade 9–12 Upper School and a grade K–8 Lower School. Boarding is offered starting in 9th grade...

 and received both his B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...

 summa cum laude and M.A.
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...

 in economics from Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

 in 1991 and went on to receive his Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...

 in economics at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

 in 1995. He was an Alfred P. Sloan Fellow
Sloan Fellowship
The Sloan Research Fellowships are awarded annually by the Alfred P. Sloan Foundation since 1955 to "provide support and recognition to early-career scientists and scholars". This is distinct from the Sloan Fellows in business....

 (2000–02) and Fulbright Scholar
Fulbright Program
The Fulbright Program, including the Fulbright-Hays Program, is a program of competitive, merit-based grants for international educational exchange for students, scholars, teachers, professionals, scientists and artists, founded by United States Senator J. William Fulbright in 1946. Under the...

 (2006–07).

At Yale, Goolsbee was a member of the Yale Political Union
Yale Political Union
The Yale Political Union , a debate society now the largest student organization at Yale University, was founded in 1934 by Professor Alfred Whitney Griswold , to enliven the university's political culture of the time. It was modelled on the Cambridge Union Society and Oxford Union...

, the improv comedy troupe Just Add Water, Skull and Bones
Skull and Bones
Skull and Bones is an undergraduate senior or secret society at Yale University, New Haven, Connecticut. It is a traditional peer society to Scroll and Key and Wolf's Head, as the three senior class 'landed societies' at Yale....

, and the Yale Debate Association
Yale Debate Association
The Yale Debate Association is Yale University's only competitive intercollegiate debate team. Founded in 1908, it is the most prolific winner of the American Parliamentary Debate Association's Club of the Year award. The YDA was also the first American team to win and have the top speaker at the...

. He and debate partner David Gray won the APDA National Debate Team of the Year competition in 1991. He and partner Dahlia Lithwick
Dahlia Lithwick
-External links:*...

 were runners up for the award in 1990. As a high school student, Goolsbee won the national championship in International Extemporaneous Speaking (IX) in 1987.

Academia

Goolsbee has been a Research Fellow at the American Bar Foundation
American Bar Foundation
Established in 1952, the ' is an independent, nonprofit national research institute located in Chicago, Illinois committed to objective empirical research on law and legal institutions...

, Research Associate at the National Bureau of Economic Research
National Bureau of Economic Research
The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...

 in Cambridge, Massachusetts
Cambridge, Massachusetts
Cambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...

, and a member of the Panel of Economic Advisors to the Congressional Budget Office
Congressional Budget Office
The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides economic data to Congress....

. He served as Senior Economist to the Progressive Policy Institute
Progressive Policy Institute
The Progressive Policy Institute is a think tank in the United States, founded in 1989 which styles itself as promoting the ideas of "New Democrats." It covers a very wide range of issues and describes itself as centrist, although progressive critics frequently describe it as conservative,...

 (PPI). He is currently on leave from the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...

 where he is the Robert P. Gwinn Professor of Economics at the Booth School of Business.

Goolsbee's academic research focuses on the Internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...

, the new economy, government policy, and taxes. He taught a class on economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 and policy in the telecom
Telecommunication
Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...

, media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...

 and technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...

 industries. He is known in political circles as a centrist and in academic circles as an empirical economist. He focuses on human activity in natural settings to find economic explanations for how people behave.

Goolsbee was an award winning journalist while serving as an academic. Goolsbee is the former host of the television show History's Business on the History Channel. In April 2006, Goolsbee began writing for the Economic Scene column in The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

. This column was later moved to Sundays and renamed the Economic View. Prior to this, he wrote the "Dismal Science" column for Slate.com, for which he won the 2006 Peter Lisagor Award for Exemplary Journalism. He has published scores of papers in various peer-reviewed
Peer review
Peer review is a process of self-regulation by a profession or a process of evaluation involving qualified individuals within the relevant field. Peer review methods are employed to maintain standards, improve performance and provide credibility...

 journals and books.

Support of Barack Obama's campaigns

He has been Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

's economic advisor since Obama's successful U.S. Senate campaign in Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...

. He advised Barack Obama in his 2004 Senate race
United States Senate election in Illinois, 2004
The 2004 United States Senate election in Illinois was held on November 2, 2004. Incumbent Republican U.S. Senator Peter Fitzgerald decided to retire after one term. The Democratic and Republican primary elections were held in March, which included a total of 15 candidates who combined to spend a...

 and was the senior economic advisor to the 2008 Obama presidential campaign
Barack Obama presidential campaign, 2008
Barack Obama, then junior United States Senator from Illinois, announced his candidacy for the presidency of the United States in Springfield, Illinois, on February 10, 2007. On August 27, 2008, he was declared nominee of the Democratic Party for the 2008 presidential election...

.

At one point during the primary of Obama's 2008 presidential campaign, Goolsbee was alleged to have told Canadian consular officials in Chicago that Obama's political position on the North American Free Trade Agreement
North American Free Trade Agreement
The North American Free Trade Agreement or NAFTA is an agreement signed by the governments of Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada – United States Free Trade Agreement...

 was "more reflective of political maneuvering than policy." The allegation was refuted by Goolsbee, the Obama campaign, and the Canadian government and subsequent press examination called the claim into question. Goolsbee remained Obama's senior economic adviser through the rest of the primary and the general election including many television debates with John McCain's economic advisers.

Service in Obama administration

Goolsbee was nominated by Obama to serve on the Council of Economic Advisers
Council of Economic Advisers
The Council of Economic Advisers is an agency within the Executive Office of the President that advises the President of the United States on economic policy...

 on his first day in office. Goolsbee was confirmed by the Senate on March 10, 2009. He concurrently served as chief economist at the Economic Recovery Advisory Board. He was designated chair of the Council on September 10, 2010 succeeding Christina Romer
Christina Romer
Christina D. Romer is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former Chair of the Council of Economic Advisers in the Obama administration...

.

In these capacities, Goolsbee has served as a media surrogate for the Obama Administration and his skill on television has been noted in the media.

Goolsbee was interviewed by Jon Stewart
Jon Stewart
Jon Stewart is an American political satirist, writer, television host, actor, media critic and stand-up comedian...

 on August 11, 2009; February 1, 2010; October 25, 2010; February 24, 2011; August 3, 2011.

He also appeared in Daily Show segments on November 11, 2009, where he was interviewed by Josh Gad
Josh Gad
Joshua “Josh” Gad is an American film-, television-, and stage-actor best known for playing Elder Arnold Cunningham in the Broadway musical The Book of Mormon and the role of Ryan Church in the television series Back to You. Gad has also appeared in episodes of ER, The Daily Show, Modern Family...

 about whether the Cash for Clunkers program had ruined demolition derby
Demolition derby
Demolition derby is a motorsport usually presented at county fairs and festivals. While rules vary from event to event, the typical demolition derby event consists of five or more drivers competing by deliberately ramming their vehicles into one another...

 and on March 17, 2009 where he said that executives at AIG deserved the "Nobel prize for evil". Jon Stewart
Jon Stewart
Jon Stewart is an American political satirist, writer, television host, actor, media critic and stand-up comedian...

 described him as "Eliot Ness meets Milton Friedman".

In 2009, he was voted the Funniest Celebrity in Washington. One practical joke was giving a dead fish to the departing White House
White House
The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

 chief of staff Rahm Emanuel
Rahm Emanuel
Rahm Israel Emanuel is an American politician and the 55th and current Mayor of Chicago. He was formerly White House Chief of Staff to President Barack Obama...

, who has been known to give dead fish to political opponents.

On June 15, 2009, he appeared as a guest on The Colbert Report.

He made a second appearance on the Colbert Report on October 13, 2010, where he defended Obama's tax cut policies which would allow tax breaks to expire for Americans earning more than $250,000 per year. Goolsbee's main arguments were that 98% of Americans would still receive a tax break under the Obama proposal and that the country would have to borrow money to fund tax breaks for the wealthiest Americans if all tax breaks were extended. In November 2010, however, the House of Representatives swung to a Republican majority who threatened that they would not extend the expiring tax cuts on that 98% without extending the cuts for the wealthiest 2% as well, and in December Obama signed a compromise deal to extend the cuts for all.

In January 2011, Goolsbee expressed the administration's confidence that the U.S. debt limit would be raised, noting that rhetoric from some members of Congress, who suggested the routine increase should be opposed, "(appear) to reflect a deep misunderstanding of the consequences of default". Goolsbee agreed with Tim Geithner and numerous conservative commentators "that the debt ceiling must be allowed to rise", commenting that "playing chicken" with a default of government liabilities could have a catastrophic impact on the U.S. economy. He noted that the Obama administration sought to fuel economic growth during the continuing gradual recovery by "focusing on spurring investment and improving U.S. exports and innovation" but noted that "in the medium run, a series of tough choices" would need to be made and that the president's budget would indicate his willingness to make budget cuts a part of the long-term plan.

On June 6, 2011, Goolsbee announced that he would return to the University of Chicago, claiming that the economy was "a million miles from where it started".
He is expected to play an informal role from Chicago in Obama's 2012 campaign.

Recognition

Over the years he has been named one of the 100 Global Leaders for Tomorrow by the World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....

in Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

, one of the six "Gurus of the Future" by the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

, one of the 40 Under 40 by Crain's Chicago Business, and one of the 30 Under 30 by the Chicago Sun-Times
Chicago Sun-Times
The Chicago Sun-Times is an American daily newspaper published in Chicago, Illinois. It is the flagship paper of the Sun-Times Media Group.-History:The Chicago Sun-Times is the oldest continuously published daily newspaper in the city...

. He topped The New Yorker
The New Yorker
The New Yorker is an American magazine of reportage, commentary, criticism, essays, fiction, satire, cartoons and poetry published by Condé Nast...

's list of the Ten Most Intriguing Political Personalities of 2010. Salon.com named him to its list of the 15 Sexiest Men of 2010. To this he remarked on NPR's quiz show 'Wait Wait...Don't Tell Me,' "I didn't even know Salon was printed in Braille
Braille
The Braille system is a method that is widely used by blind people to read and write, and was the first digital form of writing.Braille was devised in 1825 by Louis Braille, a blind Frenchman. Each Braille character, or cell, is made up of six dot positions, arranged in a rectangle containing two...

." Additionally, the National Forensic League recognized Goolsbee, a former national champion in extemporaneous speaking, as the 2011 Communicator of the Year.

Press profiles of him include those done by the New York Times, NPR, George Will
George Will
George Frederick Will is an American newspaper columnist, journalist, and author. He is a Pulitzer Prize-winner best known for his conservative commentary on politics...

, the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

, Reuters TV, the Chicago Tribune
Chicago Tribune
The Chicago Tribune is a major daily newspaper based in Chicago, Illinois, and the flagship publication of the Tribune Company. Formerly self-styled as the "World's Greatest Newspaper" , it remains the most read daily newspaper of the Chicago metropolitan area and the Great Lakes region and is...

, Crain's Chicago Business, and Politico
Politico (newspaper)
The Politico is an American political journalism organization based in Arlington, Virginia, that distributes its content via television, the Internet, newspaper, and radio. Its coverage of Washington, D.C., includes the U.S. Congress, lobbying, media and the Presidency...

.

Personal life

Goolsbee married Robin Winters on November 1, 1997. She was a management consultant with McKinsey & Company
McKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...

 at the time and earlier the director of business development
Business development
A subset of the field of commerce, business development comprises a number of techniques and responsibilities which aim at:1. Researching new types of business/products/services with an emphasis on identifying gaps in the mitigation of needs of potential clients .2. Attracting new customers3...

 at MTV International
MTV International
MTV International a.k.a. and MTVI was the internet-based international version of MTV. The channel was a subsidiary of MTV Networks...

. They have a daughter and two sons.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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