Monday, October 5, 2009

How economic policy gets made

Great story in this week's New Yorker that goes behind the scenes in the Obama administration and spills the beans on how key decisions about the stimulus package and the auto bailout were made. Fascinating reading for those interested in how serious academics like Christina Romer and Larry Summers interact with the politicos. The article also traces the intellectual odyssey of Summers over the last 20 years. MBA 505 students should note the use of multipliers in the discussion.

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