BUFFALO, N.Y. -- Renowned University at Buffalo economist Isaac
Ehrlich has been named to Governor David A. Paterson's newly
convened Council of Economic Advisors.
Ehrlich is a SUNY and UB Distinguished Professor of Economics,
chair of the Economics Department in the UB College of Arts and
Sciences and Melvin H. Baker Professor of American Enterprise in
the UB School of Management.
The 18-member council also includes Robert Rubin, former United
States Secretary of the Treasury and current chairman of the
Executive Committee of Citigroup, Roger Altman, former United
States Deputy Treasury Secretary and current chairman and CEO of
Evercore Partners, and Joseph Stiglitz, 2001 Nobel Prize
The council already has begun meeting to review the current New
York state budget and provide Governor Paterson with additional
recommendations to address the current fiscal crisis.
"In this difficult fiscal climate, I am grateful that so many of
our nation's most gifted and renowned economists have agreed to
serve on our Council of Economic Advisors," said Governor
"The men and women who have joined our council are seasoned
experts from around the state and across the nation. Facing
deteriorating economic times and declining revenues now, more than
ever, we need creative ideas and solutions. I can think of no
better collective group to help steer us back to fiscal health, and
I look forward to hearing their recommendations."
UB Provost Satish K. Tripathi said Ehrlich's service on the
governor's panel demonstrates how the expertise and research of
UB's leading faculty are an important and strategic resource for
New York state.
"SUNY Distinguished Professor Ehrlich's selection to the panel
speaks very highly of his reputation and accomplishments as one of
the leading academic economists in the country," Tripathi
Ehrlich attended the panel's first meeting on August 18 and said
he was very impressed with governor's interactions with panel.
"The governor is truly interested in the panel's thoughts on how
to best utilize the fiscal tools available to the state to solve
the short-term challenge without harming long-term prospects for
economic growth and improved welfare," he explained. "I am looking
forward to the next meetings of the panel where these issues would
be further discussed."
Ehrlich directs UB's Center of Excellence on Human Capital,
Technology Transfer, and Economic Growth and Development. The
center is funded by the New York State Office of Science,
Technology and Academic Research and through a recent contract
awarded the Center by New York State's Comptroller, Thomas P.
DiNapoli, to provide annual forecasts of State tax revenue. The
center focuses on the dynamic role of human capital in improving
market efficiency and achieving persistent, long-term productivity
growth at the firm, industry, region and economy-wide levels. The
center also is researching issues and challenges facing
corporations in the Western and upstate New York economies. For
more information about the center, go to
The University at Buffalo is a premier research-intensive
public university, a flagship institution in the State University
of New York system that is its largest and most comprehensive
campus. UB's more than 28,000 students pursue their academic
interests through more than 300 undergraduate, graduate and
professional degree programs. Founded in 1846, the University at
Buffalo is a member of the Association of American