Robert E. Litan

Dr. Robert E. Litan

Director of Research, Bloomberg Government, Bloomberg News

Now Director of Research at Bloomberg Government, Robert E. Litan has had a distinguished career. He had been vice president for Research and Policy at the Ewing Marion Kauffman Foundation in Kansas City, where he oversaw the Foundation’s extensive program for funding data collection and research relating entrepreneurship and economic growth. Dr. Litan also writes frequently with the Foundation’s president, Carl Schramm. Their book, Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity, co-authored with William Baumol, (Yale University Press, 2007) has been translated into ten languages and is used as a college text around the world. 

Dr. Litan was also a senior fellow in Economic Studies at the Brookings Institution, where he previously was vice president and director of Economic Studies. During his career, Dr. Litan has authored or co-authored over twenty books, edited another fourteen, and authored or co-authored over 200 articles in journals, magazines, and newspapers on a broad range of public policy issues. His other recent books include: Competitive Equity: Developing a Lower Cost Alternative for Mutual Funds (with Peter J. Wallison, AEI Press, 2007); Worldwide Financial Reporting (Oxford University Press, 2006, with three co-authors); Financial Statecraft (with Benn Steil, Yale University Press, 2006); and Follow The Money: The Enron Failure and the State of Corporate Disclosure (AEI-Brookings Joint Center for Regulatory Studies, 2003, with 3 co-authors). 

Dr. Litan has been a lecturer in banking law at the Yale Law School, consulted for numerous organizations (public and private), and testified as an expert witness in a variety of legal and regulatory proceedings involving domestic (banking, antitrust) and international (primarily trade) issues. He also consulted for private sector firms and the Department of Justice on antitrust matters. Among his various assignments, he has written a number of influential federal reports. He co-authored two Congressionally-mandated studies for the Treasury Department on the role of the Community Reinvestment Act after the Financial Modernization Act of 1999. During 1996-97, he served as a consultant to the Treasury Department and was the lead author of its report to Congress on the future of the financial services industry (American Finance in the 21st Century), and in 1998-99, he was the main author of the Report of President’s Commission to Study Capital Budgeting. In 1998, he also chaired the National Academy of Sciences Committee on Assessing the Costs of Natural Disasters, which produced a report, The Impacts of Natural Disasters: A Framework for Loss Estimation. 

Dr. Litan has served in several capacities in the federal government. During 1995 and 1996, he was associate director of the Office of Management and Budget, where he was responsible for overseeing budgetary and other policies of six cabinet agencies. From 1993 to 1995, he was Deputy Assistant Attorney General, in charge of civil antitrust litigation and regulatory issues at the Department of Justice (where among other matters, he supervised the first Microsoft investigation, which resulted in a consent decree; and the investigation against NASDAQ). From 1977 to 1979, he was the regulatory and legal staff specialist at the President’s Council of Economic Advisers. In the early 1990s, Dr. Litan was a member of the Commission on the Causes of the Savings and Loan Crisis.

Dr. Litan received his B.S. in economics (summa cum laude) from the Wharton School of Finance at the University of Pennsylvania; his J.D. from Yale Law School; and both his M. Phil. and Ph.D. in economics from Yale University.


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