Herbert Stein

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 schooling studied Stone, son of an immigrant from Eastern Europe, who worked as a machinist at Ford in Detroit, Williams College and earned a Bachelor of Arts there in 1935 (BA). He then completed a post-graduate studies in economics at the University of Chicago, where he received a 1938 Philosophiae Doctor ( Ph.D. Economics). Among his professors were well-known representatives of the Chicago School such as Frank Knight, Jacob Viner and Henry Calvert Simons. He was also a member of the academic society Phi Beta Kappa and the Cosmos Club in Washington.

Between 1947 and 1969 he was a member of the Committee for Economic Development ( CED ), a nonpartisan think tank, and most recently from 1959 to 1969 its research director. 1969 stone member of the Council of Economic Advisers and was last January 1972 to August 1974 as its chairman one of the closest economic adviser to President Richard Nixon.

After his retirement from government service, he was 1974 A. Willis Robertson Professor of Economics at the University of Virginia and taught there 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 ).

He was The Herbert Stone Public Service Award of the National Association of Business Economics named in honor of which he himself was posthumously first in 2000.

His son Ben Stein is a lawyer, an actor and a famous game show host.

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)
Phi Beta Kappa Society Edwin Griswold Nourse Arthur F. Burns Raymond J. Saulnier Walter Heller Gardner Ackley Paul McCracken (economist) Alan Greenspan Charles Schultze Murray Weidenbaum Beryl Wayne Sprinkel Laura Tyson Martin Neil Baily Harvey S. Rosen Edward Lazear Alan Krueger Jason Furman Integrated Authority File
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