Expand mobile version menu

Real-Life Activities

Real-Life Decision Making -- Solution

You submit a "soft-sell" tax program.

The politician loves it. It is the basis for a widely popular campaign. "More for less; we can spend less and provide more service. Vote for better spending when you vote for this candidate."

The candidate is elected. Once in office, he appoints you to be his economic advisor, but fires you six months later when you point out some of the long-term economic implications of the "soft-sell" program.

Jeffery Green at Indiana University's school of business says economic consultants are in a tough spot. "They have to sell their services and give advice, and those pressures can be conflicting."

Green says it's no good to be a consultant with an agenda no one is interested in. Yet it's just as limiting for people to hire only consultants that they agree with.

When Green worked for the President's Council of Economic Advisors during the Ford administration, he says it was his job to lay out in a bald, objective fashion what the impacts of certain policies were. This wasn't always what "politicians or political advisors wanted to hear."