Economic Theory in the White House: An Index of 67 Instances in One Year

It is difficult to exaggerate the usefulness of Chicago Price Theory for economic analysis in the White House.  Below is an index of 67 instances that I can remember where Chicago Price Theory was directly and specifically applied to analysis (usually publicly released) of economic issues over a one year time frame.  As an example of what I mean by "directly and specifically," compare Chicago Price Theory's Figure 19-3 to Figure 7-2 in the 2019 Economic Report of the President.

Figure 19-3 from Chicago Price Theory

From the 2019 Economic Report of the President

(the second derivative of the after-AI demand curve is part of the discussion in both sources).

Economic issue analyzed by CEA	CPT pages
ACA employer mandate	75	-	75
Agency Compliance with Circular A-4	131	-	132
Artificial Intelligence and the labor market	120	-	121
Artificial Intelligence and the labor market	132	-	133
Artificial Intelligence and the labor market	147	-	148
Artificial Intelligence and the labor market	176	-	179
Artificial Intelligence and the labor market	182	-	183
Artificial Intelligence and the labor market	186	-	186
Artificial Intelligence and the labor market	189	-	191
Artificial Intelligence and the labor market	195	-	196
CEA's sample of 20 deregulatory actions	7	-	9
CEA's sample of 20 deregulatory actions	59	-	61
CEA's sample of 20 deregulatory actions	131	-	132
CEA's sample of 20 deregulatory actions	135	-	138
CEA's sample of 20 deregulatory actions	140	-	144
Corporate-income taxation	184	-	185
Corporate-income taxation	185	-	186
Corporate-income taxation	210	-	210
Green New Deal	116	-	119
Green New Deal	131	-	132
Health insurance deregulation	59	-	61
Health insurance deregulation	102	-	103
Health insurance deregulation	131	-	132
Health insurance deregulation	150	-	150
HHS Removal of Safe Harbor for Rebates	66	-	72
HHS Removal of Safe Harbor for Rebates	140	-	144
Highly socialist countries	135	-	138
Highly socialist countries	150	-	150
Macro effects of trade policy	32	-	32
Macro effects of trade policy	176	-	179
Measuring Rx drug prices	48	-	55
Measuring Rx drug prices	55	-	57
Medicare for All	157	-	159
Medicare for All	160	-	161
Medicare for All	168	-	170
Medicare for All	176	-	179
Medicare for All	209	-	209
Opportunity Zones	98	-	99
Pandemic Innovation Values	206	-	206
Telecommunications deregulation	7	-	9
Telecommunications deregulation	79	-	81
Telecommunications deregulation	102	-	103
Telecommunications deregulation	140	-	144
Telecommunications deregulation	150	-	150
The "doubling effect" of switching from reg to dereg	106	-	107
The cumulative impact of regulation (conceptual)	116	-	119
The cumulative impact of regulation (conceptual)	120	-	121
The cumulative impact of regulation (conceptual)	131	-	132
The cumulative impact of regulation (conceptual)	132	-	133
The cumulative impact of regulation (conceptual)	135	-	138
The cumulative impact of regulation (conceptual)	147	-	148
The cumulative impact of regulation (conceptual)	176	-	179
The opioid epidemic	7	-	9
The opioid epidemic	44	-	45
The opioid epidemic	66	-	72
The opioid epidemic	74	-	75
The opioid epidemic	128	-	129
The opioid epidemic	131	-	132
The opioid epidemic	135	-	138
The opioid epidemic	204	-	206
USMCA	96	-	98
Wage growth	48	-	55
[redacted regulatory impact analysis]	48	-	55
[redacted regulatory impact analysis]	157	-	159
[redacted regulatory impact analysis]	186	-	188
[redacted trade deregulation]	131	-	132
[redacted trade deregulation]	135	-	138

I suspect that this is historically unusual.  For example, the neoclassical growth model (standard training in Economics PhD programs and on pages 176-196 of Chicago Price Theory) had never been mentioned in an Economic Report of the President until 2018.  In 2018 and 2019 that model was used to address several policy questions, especially those cited above.