William Niskanen

William Niskanen was an influential American economist and policymaker, best known for developing the "Niskanen Model" of government behavior. He argued that government agencies often act to maximize their own budgets and power rather than just focus on public interest, contrasting with the traditional view that government aims to serve citizens efficiently. Niskanen’s work helped shape understanding of bureaucratic motivation and contributed to debates on government efficiency, regulation, and public policy. He also served as the chairman of the President’s Council of Economic Advisers under President Reagan, bridging economic theory and practical policymaking.