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Binyamin Appelbaum

debates as being “the partisan advocate for efficiency,” in the words of Charles Schultze, an advisor to Presidents Lyndon B. Johnson and Jimmy Carter. One reason is that in championing efficiency, economists think of themselves as representing the interests of the common man and woman. “Without economists in the room, it’s like a free-for-all where everybody is going for their narrow self-interest and there is no voice for efficiency. And what ‘efficiency’ really means is ‘every American citizen,’” said Michael Greenstone, a University of Chicago economist who worked