Ten years ago, Economist Gabriel Hauge was one of the youngest and one of the most influential voices among President Eisenhower's economic advisers. At 48, Hauge (pronounced How-ghee) now says. "I wouldn't have missed a day of my time in Washingtonbut I've never missed a day since." He has accomplished what few economists ever manage: a smooth transition from theorizing about business to managing one. Last week he was named president of New York's Manufacturers Hanover, the world's fourth largest bank.
The son of a Lutheran minister in Minnesota, Hauge graduated from...