People I (Mostly) Admire 61. Was Austan Goolsbee’s First Visit to the Oval Office Almost His Last?
Feb 5, 2022
Austan Goolsbee, former chairman of the Obama administration’s Council of Economic Advisors and a seasoned economist who dabbles in improv comedy, shares his unique journey from academia to the heart of government. He reveals how improv techniques have influenced his teaching approach. Goolsbee also candidly reflects on the automotive bailout decision, discussing past skepticism and the high-stakes environment of the Oval Office, while emphasizing the need for diverse perspectives in economic policymaking.
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Initial Impressions
- Steve Levitt initially disliked Austin Goolsbee's confidence in their PhD program.
- However, Goolsbee's humor and kindness won Levitt over, leading to a long friendship.
Early Economics Exposure
- Austin Goolsbee attended American Economic Association meetings in high school.
- He also took Jim Tobin's last class at Yale and worked with future Nobel laureate Jim Heckman.
Debate and Improv
- Austin Goolsbee was a national champion debater, repeatedly defeating Ted Cruz.
- He was also known for his improv comedy skills, particularly among academics.