December 6th, 2010 | Uncategorized

Levin rumored to be in discussions to join Obama administration

University President Richard Levin has had discussions with President Barack Obama about filling an economic position in the presidential administration, Bloomberg reported Friday.

In an interview Sunday, Levin said he was familiar with the “rumor” that he will leave Yale but declined to comment further.

“I love my job, and I’m not looking to leave,” Levin said.

The Bloomberg article discusses the search to replace Lawrence Summers, director of the President’s National Economic Council and former president of Harvard University, but does not specify if Levin has been considered for Summers’ role. According to the article, the tip about Levin came from “a person familiar with the matter.”

The search has been underway since Summers announced in September his plans to return to Harvard at the end of the year, Bloomberg reported.

The National Economic Council is the President’s source of advice on economic policy.

  • ygrd

    Why not hire somebody who’s actually doing economics, as opposed to someone who’s been away from the game, what, since the early 1990’s? Although I’m sure Levin’s a really smart guy, why do our political leaders think he’s an “expert” on everything from science and technology to economics to national intelligence to the postal service?

  • Sara

    Perhaps because he is very smart and commands respect as an economist.

    You don’t need to be a cutting edge economics researcher to be an economic affairs consultant.

  • RexMottram08

    We don’t need economists. We need business men and women, entrepreneurs, venture capitalists…

    Main stream economics(especially econometrics) is a garbage pseudo-science.

  • yalie13

    @RexMottram08 But what qualities would you have as an entrepreneur, businessman, or businesswoman? It’s not sufficient to be an entrepreneur.

    Maybe as an entrepreneur you’re good at directing a company. Maybe you’re good with organization. Maybe you understand the intricacies that come with running a business. Maybe you’re good at cutting corners. Or maybe you’re just lucky. Actually, you’re most definitely lucky because luck has a lot to do with starting a successful business, although it may not be everything.

    Point is, you don’t even need to have a college degree to be an entrepreneur and what constitutes an entrepreneur is very variable. Economists study the art of money. Entrepreneurs play the game. You need someone who has a deep understanding of both.

    And this misconception that economics is a pseudo-science and load of garbage is an extremely unfortunate outcome of economics being intertwined with politics, which is the epitome of garbage and BS.

    Economics is the rigorous quantification of uncertainty that definitely is important, insightful, and valuable. It’s a shame that politics has made its discourse into something so superficial and pointless.

  • River Tam

    > Main stream economics(especially econometrics) is a garbage pseudo-science.

    It doesn’t claim to be science. There are many things that are not science but are still useful.

  • harbinger

    I’d completely forgotten he was still here. So much for the value of the administration at Yale.

  • RexMottram08

    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”- Hayek

  • silliwin01

    Hey cool I can conjure a quote from some old scholar too that agrees with what I think so obviously I am right.

  • RexMottram08

    silliwin01, You can also fail to appreciate their wisdom (especially if they are old white males)

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