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Biographies
Christopher DeMuth is president of the American Enterprise Institute. Before joining AEI in 1986, he was managing director of Lexecon, Inc., an economics consulting firm from 1984 to 1986; editor and publisher of Regulation magazine from 1986 to 1987; administrator for regulatory affairs at the U.S. Office of Management and Budget, and executive director of the Presidential Task Force on Regulatory Relief in the Reagan administration from 1981 to 1984. Before that he was a lecturer at the Kennedy School of Government and director of the Harvard Faculty Project on Regulation and was a lawyer in private practice. His articles on government regulation and other subjects have appeared in the Public Interest, the Harvard Law Review, the Yale Journal on Regulation, the Wall Street Journal, Commentary, The American Enterprise, and elsewhere.
Hernando de Soto is currently president of the Institute for Liberty and Democracy (ILD) headquarted in Lima, Peru. He has served as an economist for the General Agreement on Tariffs and Trade; president of the Executive Committee of the Copper Exporting Countries Organization (CIPEC); managing director of Universal Engineering Corporation; a principal of the Swiss Bank Corporation Consultant Group, and a governor of Peru’s Central Reserve Bank. Mr. de Soto was President Alberto Fujimori’s personal representative and principal adviser during which time he and the ILD were responsible for some 400 laws and regulations that have modernized Peru’s economic and political system and opened it up to greater participation by the majority. Currently, Mr. de Soto is working with the ILD to design and implement capital formation programs for the poor in Asia, Latin America, and the Middle East. In addition to his new book, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, Mr. De Soto has also published The Other Path, a best-selling book about economic development.
Robert E. Litan is codirector of the AEI-Brookings Joint Center for Regulatory Studies and director of the Economic Studies Program at the Brookings Institution, where he holds the Cabot Family Chair in Economics. At Brookings he served as a senior fellow from 1984 to 1993 and as director of two research centers from 1987 to 1993. Mr. Litan has authored, coauthored, and edited numerous books and articles on government policies affecting financial institutions, regulatory and legal issues, international trade, and the economy in general. From 1995 to 1996, he was associate director of the Office of Management and Budget, and from 1993 to 1995 he served as deputy assistant attorney general, in charge of civil antitrust litigation and regulatory issues, at the U.S. Department of Justice. From 1977 to 1979, he was the regulatory and legal staff specialist at the President’s Council of Economic Advisers. Mr. Litan has also consulted for numerous organizations, public and private, and has testified as an expert witness in a variety of legal and regulatory proceedings.
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