Journal of Economic Perspectives: Vol. 10 No. 3 (Summer 1996)


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The CEA: An Inside Voice for Mainstream Economics

Article Citation

Schultze, Charles L. 1996. "The CEA: An Inside Voice for Mainstream Economics." Journal of Economic Perspectives, 10(3): 23-39.

DOI: 10.1257/jep.10.3.23


After initially concentrating on macroeconomic policy, the Council of Economic Advisors (CEA) soon began to provide the president with advice on virtually all issues with economic content. On a wide range of issues there has been a commonality of advice given by the CEA to administrations of both parties, reflecting a broad consensus within the mainstream economics profession especially on microeconomics. While the differences within the profession and among various CEAs on issues of macroeconomic stabilization have narrowed, differences in assessing the supply-side effect of changes in taxes have grown in importance.

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Schultze, Charles L. (Brookings Institution)

JEL Classifications

E60: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
N42: Economic History: Government, War, Law, and Regulation: U.S.; Canada: 1913-


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