Obama Economics Adviser Returns to Chicago Booth

Austan Goolsbee will return to the faculty of the University of Chicago Booth School of

Business this fall after completing his service as chairman of President Obama’s Council of Economic Advisers, the school announced today (June 7).

Goolsbee, a professor of economics, spent 14 years on the Chicago Booth faculty before joining the Obama Administration.  “Austan’s courses were popular with our M.B.A. students before he went to Washington and I suspect they will be even more popular now,” said Sunil Kumar, dean of Chicago Booth in a statement. “We are delighted to have him back.”

“Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisers,” President Obama said in news release from the White House announcing Goolsbee’s return to Booth.  “Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs.  He is one of America’s great economic thinkers.”

In addition to serving as chairman of the Council of Economic Advisers, Goolsbee was a staff economist for the President’s Economic Recovery Advisory board, where he helped guide the Administration’s response to the economic crisis.  He has also worked as a senior adviser to the President’s Council on Jobs and Competitiveness, serving as an important link with the business community.   Under his leadership, the CEA focused on policies related to small business, education, innovation and competition, which are essential to ensuring long-term economic growth, according to the White House announcement.

At Chicago Booth, Goolsbee has taught M.B.A. courses in microeconomics, strategy in the information economy, and the economics and policy of the telecom, media and technology industries.


About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.