Last updated on: 2/8/2010 | Author:

Martin Baily, PhD Biography

Senior Fellow at the Brookings Institution
NC to the question "Are Social Networking Sites Good for Our Society?"

“Powerful new technologies provide great benefits, but they also change the way we live, and not always in ways that everyone likes. An example is the spread of air conditioning, which makes us more comfortable, but those who grew up before its invention speak fondly of a time when everyone sat on the front porch and talked to their neighbors rather than going indoors to stay cool and watch TV. The declining cost of information processing and communication represents a powerful new technology, with social networking as the most recent service to be provided at modest cost. It can be expected to bring pluses and minuses.”

“Is MySpace Good for Society? A Freakonomics Quorum,” “Freakonomics” blog hosted by the New York Times, Feb. 15, 2008

Involvement and Affiliations:
  • Academic Adviser, Congressional Budget Office, 2006-present
  • Member, Board of Directors, Phoenix Companies, Inc, 2005-present
  • Senior Adviser, McKinsey Global Institute, 2002-present
  • Senior Fellow, Brookings Institution, 1979-1989, 2007-present
  • Senior Fellow, Peterson Institute for International Economics, 2001-2007
  • Chairman, Council of Economic Advisers, 1999–2001
  • Principal, McKinsey & Company’s Global Institute, 1996–1999
  • Member, Council of Economic Advisers, 1994-1996
  • Professor of Economics, University of Maryland, 1989–1996
  • PhD, Economics, Massachusetts Institute of Technology, 1972
  • MA, Economics, Cambridge University, 1970
  • MA, Economics and Econometrics, Simon Fraser University (Canada), 1968
  • BA, Economics, Cambridge University, 1966
  • None found