Herbert Stein
| Herbert Stein | |
|---|---|
| Chair of the Council of Economic Advisers | |
|
In office January 1, 1972 – August 31, 1974 |
|
| President |
Richard Nixon Gerald Ford |
| Preceded by | Paul McCracken |
| Succeeded by | Alan Greenspan |
| Personal details | |
| Born |
August 27, 1916 Detroit, Michigan, U.S. |
| Died |
September 8, 1999 (aged 83) Washington, D.C., U.S. |
| Political party | Republican |
| Education |
Williams College (BA) University of Chicago (MA, PhD) |
| Academic career | |
| Field |
Economic policy Macroeconomics |
| School or tradition |
Chicago school of economics |
| Influences | Milton Friedman |
Herbert Stein (August 27, 1916 – September 8, 1999) was an American economist, a senior fellow at the American Enterprise Institute and was on the board of contributors of The Wall Street Journal. He was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford. From 1974 until 1984, he was the A. Willis Robertson Professor of Economics at the University of Virginia.
Stein was born on August 27, 1916, in Detroit, Michigan, and his family moved to New York during the Great Depression. He enrolled in Williams College just before he turned sixteen. After graduating with Phi Beta Kappa honors, he went to Washington, D.C., to work as an economist in various agencies. He received his doctorate of philosophy in economics from the University of Chicago in 1958.
Stein, who died September 8, 1999, in Washington, D.C., was Jewish, and was married to Mildred Stein, also Jewish, who died in 1997 after 61 years of marriage. He is the father of lawyer, author, and actor Ben Stein (Ferris Bueller's Day Off, Win Ben Stein's Money) and writer Rachel Stein. Herbert Stein was also the original writer for the advice column Dear Prudence.
Stein was known as a pragmatic conservative and was referred to as "a liberal's conservative and a conservative's liberal." He was the author of The Fiscal Revolution in America.
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