Economics professor Austan Goolsbee will return to the faculty of the University of Chicago Booth School of Business this fall after concluding his role as chairman of President Barack Obama’s Council of Economic Advisers (CEA), Chicago Booth announced earlier this week.
Goolsbee had been a member of the Chicago Booth faculty for 14 years before he joined the Obama Administration, teaching courses in microeconomics, strategy in the information economy and the economics and policy of the telecom, media and technology industries.
“Austan’s courses were popular with our MBA 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.”
Calling him one of America’s great economic thinkers, Obama expressed gratitude for Goolsbee’s service over the past several years. “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. “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.”
Beyond serving as CEA chairman, Goolsbee was also a staff economist for the President’s Economic Recovery Advisory board, helping to guide the Administration’s response to the economic crisis. He also worked as a senior adviser to the President’s Council on Jobs and Competitiveness, providing an important link to the business community. Under Goolsbee’s leadership, the CEA focused on policies essential to ensuring long-term economic growth, including those related to small business, education, innovation and competition, according to the White House announcement.
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