Wednesday, 8 June 2011

Chairman of the Council of Economic Advisers Goolsbee to step down

Reuters reports,
WASHINGTON, June 6 (Reuters) - Top White House economist Austan Goolsbee said on Monday he was stepping down, marking the exit of one of President Barack Obama's top aides at a time when new signs of weakness have emerged in the U.S. economy.

Less than a year after he was named chairman of the White House Council of Economic Advisers, Goolsbee plans to return to his teaching job at the University of Chicago, the Obama administration said in a statement. He will be back in Chicago in time for the start of the next school year.
I guess the only real question is, Why do you step down from such a job after less than 1 year into a 3 year term? What is the signal here?


Tim Worstall said...

From some reports it seems to be that there's a limit to how many years you can go off and do something else and still maintain tenure at a US university.

Given that tenure is very valuable.......

Paul Walker said...

Tim: yes you're right there is a limit and that limit is three years.