Herbert Stein (economist)

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Herbert Stein (born August 27, 1916 in Detroit , Michigan , † September 8, 1999 in Washington, DC ) was an American economist who was also chairman of the Council of Economic Advisers .

Life

After attending school, Stein, the son of an immigrant from Eastern Europe who worked as a machinist at Ford in Detroit, studied at Williams College , where he obtained a Bachelor of Arts (BA) in 1935 . He then completed a postgraduate degree in economics at the University of Chicago , where he received a Philosophiae Doctor (Ph.D. Economics) in 1938 . His professors included prominent representatives of the Chicago School such as Frank Knight , Jacob Viner, and Henry Calvert Simons . He was also a member of the Phi Beta Kappa Academic Society and the Cosmos Club in Washington.

Between 1947 and 1969 he was an employee of the Committee for Economic Development (CED), a non-partisan think tank , and most recently its research director from 1959 to 1969. In 1969 Stein became a member of the Council of Economic Advisers and was last from January 1972 to August 1974 as its chairman, one of the closest economic policy advisers to President Richard Nixon .

After retiring from government service, he became A. Willis Robertson Professor of Economics at the University of Virginia in 1974 , where he taught until 1984. Stein also worked for the daily newspaper The Wall Street Journal , the American Enterprise Institute (AEI) and the American Association of Retired Persons (AARP).

In 1983 Stein was elected to the American Academy of Arts and Sciences . The Herbert Stein Public Service Award of the National Association of Business Economics, which he himself was the first to receive posthumously in 2000, was named in his honor .

His son Ben Stein is a lawyer , an actor and a well-known game show - moderator .

Publications

  • The Fiscal Revolution in America (1969)
  • Presidential Economics: The Making of Economic Policy From Roosevelt to Reagan and Beyond (1984)
  • Washington Bedtime Stories: The Politics of Money and Jobs (1986)
  • Tax Policy in the Twenty-First Century (1988)
  • Governing the $ 5 Trillion Economy: A Twentieth Century Fund Essay (1989)
  • On the Other Hand ... Reflections on Economics, Economists and Politics (1995)
  • What I Think: Essays on Economics, Politics, and Life (1999)

Web links

  • Herbert Stein in nndb (English)
  • http://www.allbusiness.com/finance/541302-1.html (link not available)

Individual evidence

  1. ^ The Herbert Stein Public Service Award ( Memento from December 20, 2010 in the Internet Archive )
personal data
SURNAME Stein, Herbert
BRIEF DESCRIPTION American economist
DATE OF BIRTH August 27, 1916
PLACE OF BIRTH Detroit , Michigan
DATE OF DEATH September 8, 1999
Place of death Washington, DC