Alan Blinder

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Person.png Alan Blinder   C-SPAN Prabook WikiquoteRdf-entity.pngRdf-icon.png
( economist)
Alan Blinder.jpg
BornOctober 14, 1945
 New York City,  New York,  U.S.
Alma mater •  Princeton University
•  London School of Economics
•  Massachusetts Institute of Technology
ReligionStar of David.png Jewish
Member ofBrookings Institution, Council on Foreign Relations/Members A-D, Edge Foundation
Princeton economist. Advisor to President Bill Clinton. vice chairman of the Federal Reserve from June 1994 to January 1996.

Employment.png Vice Chair of the Federal Reserve System

In office
June 27, 1994 - January 31, 1996
Preceded byDavid Mullins
Succeeded byAlice Rivlin

Alan Stuart Blinder is an American economics professor at Princeton University.[1] He is a leading macroeconomist, politically liberal, and a champion of Keynesian economics and policies,[2] and his writings are published in leading corporate media The New York Times, The Washington Post, as well as a monthly column in The Wall Street Journal.

Binder sat on President Bill Clinton's Council of Economic Advisers from January 1993 to June 1994[3] and as the vice chairman of the Federal Reserve from June 1994 to January 1996.[4]

His academic work has focused particularly on monetary policy and central banking,[5] and on the "offshoring" of jobs.

Background

Blinder was born to a Jewish family[6] in Brooklyn, New York. He graduated from Syosset High School in Syosset, New York. Blinder attended Princeton University as an undergraduate student and graduated summa cum laude with a B.A. in economics in 1967. He completed a 130-page long senior thesis, titled "The Theory of Corporate Choice".[7] He received an MSc in economics from the London School of Economics in 1968[4] and received a doctorate in economics from the Massachusetts Institute of Technology in 1971.[4] He was advised by Robert Solow.[8]

Professional life

Academic career

Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton where he has been since 1971; from 1988 to 1990, he chaired the economics department.[4] Also in 1990, he founded Princeton's Griswold Center for Economic Policy Studies. And he was vice-chair of The Observatory Group.[citation needed]

Since 1978, Blinder has been a Research Associate of the National Bureau of Economic Research.[9] He is a past president of the Eastern Economic Association and Vice President of the American Economic Association and was named a Distinguished Fellow of the latter in 2011.[4] He is a Fellow of the American Academy of Arts and Sciences (since 1991), a member of the American Philosophical Society since 1996,[10] and a member of the board of the Council on Foreign Relations (since 2008).[11] Blinder's textbook Economics: Principles and Policy, co-written with William Baumol, was first published in 1979 and, in 2012 was printed in its twelfth edition.[12]

In 2009 Blinder was inducted into the American Academy of Political and Social Science, "for his distinguished scholarship on fiscal policy, monetary policy and the distribution of income, and for consistently bringing that knowledge to bear on the public arena."[13] He is a strong proponent of free trade.[14] Blinder has been critical of the public discussion of the US national debt, describing it as generally ranging from "ludicrous to horrific".[15]

Political career

In 1975, Blinder was Deputy Assistant Director of the Congressional Budget Office.

In the 1990s, he sat on President Bill Clinton's Council of Economic Advisers from January 1993 to June 1994,[3][4] and as the 15th Vice Chair of the Federal Reserve from June 27, 1994, to January 31, 1996 (more specifically as the Vice Chairman of Board of Governors of the Federal Reserve System).[4]

As Vice Chairman, Blinder cautioned against raising interest rates too quickly to slow inflation because of the lags in earlier rises feeding through into the economy. He also warned against ignoring the short term costs in terms of unemployment that inflation-fighting could cause.[16]

Many have argued that Blinder's stint at the Fed was cut short because of his tendency to challenge chairman Alan Greenspan. In particular, by challenging assumptions, Blinder disrupted “the whole pipeline of Greenspan-arriving-at-decisions.”[17]

He was an adviser to Al Gore and John Kerry during their respective presidential campaigns in 2000 and 2004.[4]


 

Events Participated in

EventStartEndLocation(s)Description
Jackson Hole/Meeting/1982The 1982 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/19842 August 19843 August 1984US
Wyoming		The 1984 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/1986Wyoming
Jackson Hole		The 1986 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/199425 August 199427 August 1994The 1994 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/199728 August 199730 August 1997The 1997 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/199827 August 199829 August 1998The 1998 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/199926 August 199928 August 1999The 1999 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2001The 2001 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2002The 2002 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2004The 2004 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2005The 2005 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2007The 2007 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2008The 2008 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/200920 August 200922 August 2009The 2009 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/201026 August 201028 August 2010US
Wyoming		The 2010 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/201125 August 201127 August 2011US
Wyoming		The 2011 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2012The 2012 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2013The 2013 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/2015The 2015 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/201724 August 201726 August 2017The 2017 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/201823 August 201825 August 2018The 2018 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/201922 August 201924 August 2019US
Wyoming		A central banker gathering preparing for an economic reset that happened during Covid; and the introduction of CBDCs.
Jackson Hole/Meeting/202127 August 202127 August 20212021 central banker gathering. "What they really are doing is consolidating a global central banker's dictatorship".
Jackson Hole/Meeting/202324 August 202326 August 2023The 2023 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/202422 August 202424 August 2024The 2024 Jackson Hole Economic Policy Symposium
Jackson Hole/Meeting/202521 August 202525 August 2025US
Wyoming		The 2025 Jackson Hole Economic Policy Symposium
WEF/Annual Meeting/200421 January 200425 January 2004Switzerland
WEF		2068 billionaires, CEOs and their politicians and "civil society" leaders met under the slogan Partnering for Prosperity and Security. "We have the people who matter," said World Economic Forum Co-Chief Executive Officer José María Figueres.
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References

  1. ↑ https://ideas.repec.org/top/top.person.all.htm
  2. ↑ [1]
  3. ↑ a b Princeton Economist to Be Named To Clinton's Council, Aides Say, New York Times (archives), Louis Uchitelle, Jan. 4, 1993.
  4. ↑ a b c d e f g h https://www.princeton.edu/~blinder/bio.htm
  5. ↑ https://www.princeton.edu/~blinder/articles.htm
  6. ↑ Stephen Harlan Norwood, Eunice G. Pollack, ed. (2008). Encyclopedia of American Jewish History Volume 1. p. 721
  7. ↑ Blinder, Alan Stuart. "The Theory of Corporate Choice". Princeton University. Department of Economics.
  8. ↑ https://mit.primo.exlibrisgroup.com/discovery/fulldisplay?vid=01MIT_INST:MIT&docid=alma990005841370106761
  9. ↑ https://www.nber.org/people/alan_blinder
  10. ↑ https://search.amphilsoc.org/memhist/search?creator=Alan+Blinder&title=&subject=&subdiv=&mem=&year=&year-max=&dead=&keyword=&smode=advanced
  11. ↑ NBER, Curriculum Vitae: Alan Stuart Blinder, accessed 14 August 2001
  12. ↑ Alan Blinder, Textbooks
  13. ↑ Princeton University, 24 June 2009, Blinder named fellow of American Academy of Political and Social Science, accessed 14 August 2009
  14. ↑ http://www.econlib.org/library/Enc/FreeTrade.html
  15. ↑ https://www.theguardian.com/commentisfree/cifamerica/2012/jan/10/economic-illiteracy-of-economists
  16. ↑ The New York Times, 18 March 1995, Opening the Fed's Doors From Inside; Alan Blinder Preaches Communication at Tight-Lipped Central Bank
  17. ↑ Grim, Ryan (Oct. 23, 2009) Priceless: How The Federal Reserve Bought The Economics Profession, Huffington Post
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