-- Yet another University of California, Berkeley, economist
has left for Washington, D.C., to advise the Clinton Administration.
Joseph V. Farrell is the U.S. Department of Justice's new
deputy assistant attorney general for economic analysis, the
department's antitrust division has announced.
appointment brings to 15 the number of UC Berkeley scholars-
in the fields of economics, business and law - that have counseled
the administration on issues ranging from high-tech competition
and unemployment to international trade, intellectual property
and cable TV rates.
Justice Department said in a statement that the economics
professor's extensive experience will help ensure that American
markets remain free, open and competitive.
is probably the best job in the world for someone who wants
to be where industrial organization economics meets the road
in competition enforcement," said Farrell from his D.C. office.
"The economic issues are often difficult, but the other way
to look at this is that it's an exciting time."
part of the economic analysis team, Farrell will work with
other governmental agencies on cutting-edge economic research,
analysis of the competitive effects of mergers, and competition-enhancing
deregulation policy in key sectors of the economy.
Shapiro, another UC Berkeley faculty member who once held
Farrell's position in Washington, said the Justice Department
is "one of the strongest agencies for doing strong, state-of-the-art
microeconomics, at least in the area of competition policy.
It is aided by academics who cycle through. I think it's a
nice model of Berkeley, in the nation's service."
anti-trust division at the Justice Department is very much
involved in setting the ground rules for the new economy,"
said Shapiro, Transamerica Professor of Business Strategy
at UC Berkeley's Haas School of Business. As the government
struggles with "new economy" questions involving mergers,
telecommunications, airlines, software and the Internet, he
added, "there is a great need for economic analysis."
is Farrell's second stint in Washington. From 1996 to 1997,
he served as chief economist with the Federal Communications
Commission. He also testified about digital age competition
for a 1997 congressional hearing.
was preceded in his newest post by three other UC Berkeley
Richard Gilbert, professor of economics, was the first UC
Berkeley faculty member in the position. He dealt specifically
with intellectual property issues.
Carl Shapiro had the job from 1995 to 1996. He now is director
of the Institute of Business & Economic Research at the Haas
School of Business.
Daniel Rubinfeld, a UC Berkeley professor of both economics
and law, held the post from 1997 to 1998.
Berkeley has had a presence in other federal arenas as well.
Professor Laura Tyson, for example, temporarily left the Haas
School and the economics department in 1993 to head the President's
Council of Economic Advisers. From 1995 to 1996, she served
as chair of the National Economic Council. She returned to
UC Berkeley as dean of the business school in 1998. Her husband,
Erik Tarloff, has his own Washington connection. He is a novelist,
screenwriter, journalist and occasional speechwriter for Clinton
and Vice President Al Gore.
Janet Yellen left campus for Washington shortly after Tyson
did. She served as governor of the seven-member Board of Governors
for the Federal Reserve System from 1994 to 1997. In 1997,
she was appointed chair of the President's Council of Economic
Advisors. She returned to UC Berkeley in 1999 to resume her
academic appointment with the Haas School and the economics
from UC Berkeley who have spent time in D.C. include:
Howard Shelanski, acting professor of law, who currently is
chief economist at the Federal Communications Commission.
Aaron Edlin, a professor of economics and law who was a senior
economist on the President's Council of Economic Advisers
Jeffrey Frankel, a former UC Berkeley economics professor.
Now at Harvard, he also served on the President's Council
of Economic Advisers.
Economics professor Brad De Long, deputy assistant secretary
for policy at the Treasury Department from 1993 to 1995. He
also worked on the Clinton Administration's 1993 budget, the
Uruguay Round of the General Agreement on Tariffs and Trade,
the North American Free Trade Agreement and the unsuccessful
health care reform effort.
David Levine, associate professor at the Haas School, who
served as a senior research economist for the Council of Economic
William Dickens, who left his associate professor's post in
economics at UC Berkeley for a seat on the Council of Economic
Advisers. He is now at the Brookings Institution.
Michael Katz, a professor at the Haas School and in the economics
department. He served as the chief economist for the Federal
Communications Commission from 1994 to 1996.
Jay Stowsky, associate dean for school affairs and initiatives
at the Haas School. He served in 1994 as a senior economist
on the Council of Economic Advisers.
James Wilcox, Kruttschnitt Professor of Financial Institutions
at the Haas School. He was an economist for the Federal Reserve
System's board of governors from 1991-92 and has been on leave
at the Office of the Comptroller of Currency in Washington,
D.C., since 1999.
question that the stream of faculty to D.C., starting with
Tyson, has raised our (campus's) profile and reputation,"
said Maurice Obstfeld, chair of UC Berkeley's economics department.
have contributed policymakers in many areas- macropolicy,
trade policy, tax policy, to name some," Obstfeld said. "I
think this does reflect a world view that is market-oriented,
yet pragmatically aware that there are market failures as
well as income distribution effects of market changes. That
philosophy is very much in line with that of the current administration."
Berkeley faculty members includes top academicians, many of
whom have extensive government and business experience, Shapiro
said, noting a "cross fertilization," of sorts, between the
campus and the Capitol.
want to serve as a conduit," he said of UC Berkeley.
campus boasts a "reservoir of talent that will be valued in
any administration," Shapiro said. "We're not political by
nature. We're moderates, and I predict we'll be involved and
advising both Republican and Democratic administrations."
Shapiro also informally advised the Bush Administration.
see a role for government," he said, "but we tend to be moderate
about it. All of us have done theoretical work, but we have
worked with companies."
earned his doctorate in economics from Oxford University in
1981. He has taught regulation and antitrust, competitive
strategy, industrial organization and microeconomics. Farrell
joined the UC Berkeley economics department in 1991 and the
Haas School in 1994. He and Shapiro founded the Competition
Policy Center at the Haas School's Institute of Business &
Economic Research in June 1999, and Farrell became its director.
said he advised Farrell to take the Justice Department job.
"I told him, 'Go and enjoy yourself. Just don't stay too long.'"