Friday, November 14, 2008

Austan Goolsbee to head Obama economic team

Goolsbee is an avid free trader and was the supposed source for the comment that Obama's remarks about opening NAFTA were simply campaign rhetoric. In spite of this he is now being chosen for this plum position with Obama's team. He has been an advisor on economic matters to Obama for some time so his choice is not that surprising. By no stretch of the imagination is he left wing although maybe he is to the left of Milton Friedman!

CHICAGO, Nov. 11 (UPI) -- University of Chicago economist Austan Goolsbee will be U.S. President-elect Barack Obama's choice to lead the White House economic team, sources say.
Without naming sources, the Chicago Sun-Times reported Tuesday Goolsbee, 39, is expected to be named head of the White House Council of Economic Advisers when Obama takes office Jan. 20.
Unlike another University of Chicago economist, Milton Friedman, whose Libertarian-style embrace of small government and opposition to regulation greatly influenced the Republican Party, Goolsbee is part the school's new generation of economists who focus on human activity in natural settings and attempt find economic explanations for why people behave the way they do.
He counts among his colleagues Steven Levitt, author of the best-seller "Freakonomics." An early scholar on the relationship between the Internet and economics, Goolsbee has been Obama's chief economic adviser since 2004 and was instrumental in developing the use of the Internet for his campaign, the newspaper said.

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