UC Berkeley Prof Headed to D.C.

President Obama announced today, his intent to nominate Carl Shapiro, a professor of business and economics at the University of California, Berkeley, as a member of the Council of Economic Advisers, a press release said.

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“Carl Shapiro has demonstrated knowledge and dedication throughout his career,” Obama said in a statement issued by the White House. “I am grateful that he has chosen to take on this important role, and I look forward to working with him in the months and years to come.”

The duty of the Council, which is comprised of a chairman and one member, is to advise the president with advice on both domestic and international economic policy.

Shapiro joined UC Berkeley in 1990, and is on leave to work as the deputy assistant attorney general for economics in the U.S. Dept. of Justice's antitrust division.

In 1999, Shapiro and Hal Varian, a professor emeritus at the Haas School, the Department of Economics and the School of Information who currently is on leave to serve as chief economist at Google, co-authored “Information Rules: A Strategic Guide to the Network Economy.” The widely acclaimed book deconstructs the economic factors affecting information technology markets.