Re: Robert Glenn Hubbard

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

Whoever is appointed to this role, my impression is that the CEA has had
little or no practical impact in recent decades. Frankly, I don't know why
Krugman was so upset about not being appointed by Clinton to head this
council. Reagan wanted to abolish it, while Clinton set up a competing
organization. I guess the CEA's main impact is that many economists read
their annual book, THE ECONOMIC REPORT OF THE PRESIDENT and then, being
highly respectful of high-status economists, absorb some of the ideology. I
just look at the data tables, which are luckily available on-line (at
http://w3.access.gpo.gov/eop/).

At 01:15 PM 2/28/01 -0500, you wrote:
> George W. picked a fellow worker at Columbia to head up the Council of
> Economic Advisers. His papers are at:
> http://www.gsb.columbia.edu/faculty/ghubbard/Papers.htm. I can't understand
> most of what he writes. What I do understand, I take violent objection to.
>
> Louis Proyect
> Marxism mailing list: http://www.marxmail.org

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine