Martin Neil Baily is an economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

 at the Brookings Institution

Brookings Institution

The Brookings Institution is a nonprofit public policy organization based in Washington, D.C., in the United States. One of Washington's oldest think tanks, Brookings conducts research and education in the social sciences, primarily in economics, metropolitan policy, governance, foreign policy, and...

 and formerly at the Peterson Institute. He is best known for his work on productivity and competitiveness and for his tenure as a cabinet member during the Clinton Administration. He was one of three members of the Council of Economic Advisers

Council of Economic Advisers

The Council of Economic Advisers is an agency within the Executive Office of the President that advises the President of the United States on economic policy...

 from 1994 to 1996, and chairman of the Council from 1999 to 2001.

Baily was a senior fellow at the Brookings Institution (1979–89) and subsequently professor of economics at the University of Maryland

University of Maryland, College Park

The University of Maryland, College Park is a top-ranked public research university located in the city of College Park in Prince George's County, Maryland, just outside Washington, D.C...

 (1989–96). He was vice chairman of a National Academy of Sciences

United States National Academy of Sciences

The National Academy of Sciences is a corporation in the United States whose members serve pro bono as "advisers to the nation on science, engineering, and medicine." As a national academy, new members of the organization are elected annually by current members, based on their distinguished and...

 – National Research Council

United States National Research Council

The National Research Council of the USA is the working arm of the United States National Academies, carrying out most of the studies done in their names.The National Academies include:* National Academy of Sciences...

 panel investigating the effect of computers on productivity. Baily co-founded the microeconomics issues of the Brookings Papers on Economic Activity

Brookings Papers on Economic Activity

The Brookings Papers on Economic Activity is a journal of economics published twice a year by the Brookings Institution Press. BPEA commenced publication in 1970 under the editorship of Arthur Okun and George Perry, and since then has been ranked as a leading journal in the field...

. He was a principal at McKinsey & Company

McKinsey & Company

McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...

's Global Institute (1996–99) and has been a senior adviser to McKinsey since 2002. He joined the board of The Phoenix Companies

The Phoenix Companies

The Phoenix Companies, Inc. is a publicly traded financial services company that traces its origins to 1851.Phoenix is headquartered in Hartford, Connecticut and had approximately 1,100 employees as of the end of 2008...

 in 2005 and is an academic adviser to the Congressional Budget Office

Congressional Budget Office

The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides economic data to Congress....

 and associate editor of the Journal of Economic Perspectives

Journal of Economic Perspectives

The Journal of Economic Perspectives is an economic journal published by the American Economic Association. The journal is very broad in its scope...

.

Baily earned his Ph.D.

Ph.D.

A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...

 in economics at the Massachusetts Institute of Technology

Massachusetts Institute of Technology

The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

 (MIT) and his undergraduate degree at King's College, Cambridge

King's College, Cambridge

King's College is a constituent college of the University of Cambridge, England. The college's full name is "The King's College of our Lady and Saint Nicholas in Cambridge", but it is usually referred to simply as "King's" within the University....

 (UK), and taught at MIT and Yale University

Yale University

Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

. He is the author of numerous books and articles and coauthor with Jacob Kirkegaard of Transforming the European Economy (2004).