Michael Boskin
Michael Jay Boskin (born September 23, 1945) is the T. M. Friedman Professor of Economics and senior Fellow at Stanford University's Hoover Institution. He also is chief executive officer and president of Boskin & Co., an economic consulting company. Biography. Boskin holds B.A. with highest honors, M.A., and Ph.D. degrees in economics from the University of California, Berkeley, earned in 1967, 1968, and 1971 respectively. He is a member of Phi Beta Kappa. He joined Stanford University in 1970. He is a research associate, National Bureau of Economic Research. Boskin has been a director of Exxon Mobil since  1996. He is also a director of Oracle Corporation, Shinsei Bank, and Vodafone Group plc (1999–2008). He serves on the Commerce Department's Advisory Committee on the National Income and Product Accounts. Boskin is the recipient of the Adam Smith Prize and other professional awards. He is a regular contributor to Project Syndicate since 2009. He also served as the chair of the Boskin Commission which changed the way inflation was measured. According to Patrick Buchanan, in Death of Manufacturing, Boskin was sanguine about the transfer of United States manufacturing overseas. Notoriously, during the time he was an economic advisor  to the G.W. Bush administration, he is noted to have said, "Potato chips, semiconductor chips, what is the difference? They are all chips. A hundred dollars' worth of one or a hundred dollars' worth of the other is still a hundred dollars."