Charles Schultze

Charles Louis Schultze ( born December 12, 1924 in Alexandria, Virginia) is an American economist and university teacher who was both director of the Office of Management and Budget as well as Chairman of the Council of Economic Advisers.

Life

After visiting the Gonzaga College High School in Washington, DC Schultze studied economics at Georgetown University and earned there first in 1948 with a Bachelor of Arts (BA Economics) and then in 1950 a Master of Arts (MA Economics). Already during his studies he was a member in 1952 and again from 1954 to 1958 on the staff of the Council of Economic Advisers.

While working as a lecturer at Indiana University 1959-1961 he acquired in 1960 and a Philosophiae Doctor ( Ph.D. Economics) at the University of Maryland. He then took over in 1961 a professor of economics at the University of Maryland and taught there until 1987.

After he was first deputy director in 1962 and then from January 1965 to January 1967 Director of the Office of Management and Budget ( OMB ), he was from 1968 to 1977 and Senior Fellow at the Brookings Institution.

Between 1977 and 1981 he was Chairman of the Council of Economic Advisers, and thus one of the closest economic policy adviser to President Jimmy Carter.

Upon completion of this activity, he returned in 1981 to the Brookings Institution and was until 1987 a senior fellow again. Schultze, who was also a Fellow of the National Association for Business Economics, 1984 also was president of the American Economic Association. He was most recently between 1987 and 1990 Director of Economic Studies at the Brookings Institution and has published numerous articles in journals such as The American Economic Review as well as some reference books.

He is also a member of the Economic Advisory Board of the New York City -based private equity firm Warburg Pincus.

Publications

• Economic Choices 1987 ( Brookings, 1986)
• Other Times, Other Places ( Brookings, 1986).
• Barriers to European Growth: A Transatlantic View, co-author Robert Z. Lawrence ( Brookings, 1987)
• American Living Standards: Threats and Challenges, co-editor Robert Z. Lawrence and Robert E. Litan ( Brookings, 1988)
• An American Trade Strategy: Options for the 1990s, co-editor Robert Z. Lawrence ( Brookings, 1990)
• Setting Domestic Priorities: What Can Government Do, co-author Henry J. Aaron
• Memos to the President: A Guide through Macroeconomics for the Busy PolicyMaker ( Brookings, 1992)