How do political environments influence the behavior of economists who transition from academic and business … speeches of three economists, Arthur Burns, Alan Greenspan, and Ben Bernanke, as they transitioned to becoming chairmen of the …

This paper reviews the many areas in which economists play an important role in policy-making, including the … quantification of objectives set by political processes, formulation of macroeconomic policy where economists have a dominating role … economics is not a sufficiently precise science to ensure that there is wide agreement among economists on all aspects of …

's policy views differed from those of most Federal Reserve officials and many academic economists at the time. The Shadow …