Luis Garicano

Luis Garicano Gabilondo (pronounced [ˈlwis ɣaɾiˈkano]; born 1967) is a Spanish economist and politician who was a Member of the European Parliament (MEP) from 2019 to 2022.

After obtaining his doctorate he was hired as an assistant professor at the Booth School of Business, where he continued to study the economics of knowledge within labor markets.

For years, Luis Garicano has actively promoted structural reforms to Spanish institutions and the economy, especially in the labor market and the health and pension systems.

[10] Two years later, and together with 5 other experts, Garicano published his first book (under the same name as the blog) in which they argued for reforms to the Spanish economy to ensure productivity and promote growth.

In 2013 he published a manifesto in conjunction with Carles Casajuana, César Molinas and Elisa de la Nuez advocating for a reform to political party regulation, which ended up being supported by around a hundred Spanish intellectuals.

Specifically, the book proposes educational and institutional reforms to encourage meaningful growth and avoid the perverse incentives that caused the 2008 financial crisis.

[13] This innovative financial instrument was proposed as a solution to help banks diversify their sovereign exposures and further weaken the link between them and their home governments.

[15] He was in charge of drafting the party's economic program ahead of the 2015 and 2016 general elections and has been the main architect behind Ciudadanos’ main economic proposals, including a Spanish equivalent of the American earned income tax credit and the "single contract" (a proposal to abolish structural inequalities within the labor market).

[17] Led by Margrethe Vestager, Garicano was among the seven-strong “Team Europe” that ALDE picked to spearhead its pro-EU, liberal campaign ahead of the 2019 European elections.

[18] During his time as a Member of the European Parliament, Garicano made proposals on the completion of the banking union and on the EU's carbon border adjustment mechanism.

During Russia's invasion of Ukraine, he was also one of leading voices calling for Europe to stop buying Russian oil and gas.