Knut Getz Wold

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Person.png Knut Getz Wold   AlchetronRdf-entity.pngRdf-icon.png
(economist, central banker)
Knut Getz Wold.jpg
Born3 August 1915
Died9 October 1987 (Age 72)
NationalityNorwegian
Alma materUniversity of Oslo
InterestsMarshall plan

Knut Getz Wold was a Norwegian economist and civil servant who was associated with the implementation of the Marshall Plan and the OEEC. He was governor of the Central Bank of Norway from 1970 to 1985, and attended the 1979 Bilderberg conference.

Background

He was born in Verdal in Nordre Trondheim county. He graduated from the University of Oslo with a degree in economics in 1939.[1] As a young man he became a member of the Norwegian Association for Women's Rights.[2] He lost his brother Torolf during the German invasion of Norway, on 4 May 1940.[3]

Education

He started working with research at the university, and studied further at Stockholm College in 1940. In 1941 he started working for the Ministry of Finance-in-exile in the United Kingdom. From July 1947 to March 1948 he was a State Secretary in the Ministry of Social Affairs. Wold represented the Liberal Party, and Gerhardsen's Second Cabinet in which he was appointed was a Labour cabinet.[1][4] This discrepancy is very uncommon in Norwegian politics.

In 1948 he returned to the civil servant role when he became deputy under-secretary of state in the Ministry of Trade.[1] In his diaries he described the Ministry of Trade as "not [...] a ministry, but a Brain Trust of young economists".[5]

He was associated with the implementation of the Marshall Plan and the OEEC. Wold had this job from the spring of 1948 until 1958.[6]

In 1958, former Minister of Trade Erik Brofoss, who now had become governor of the Central Bank of Norway, appointed Wold as deputy governor. Wold was the unquestionable successor as governor when Brofoss withdrew in 1970.[1] In 1985, the year of his seventieth birthday, Wold stepped down and was succeeded by Hermod Skånland.[7]

Wold was also a consultant for the Norwegian Nobel Committee from 1946 to 1958, financial commentator in Norwegian Broadcasting Corporation radio from 1948 to 1970, chairman of Statsøkonomisk Forening from 1963 to 1968, board chairman of Dagbladet from 1970 to 1974 and board member of Alcan Aluminium from 1967 to 1971. He was appointed a Commander of the Royal Norwegian Order of St. Olav in 1975, a Commander of the Danish Order of the Dannebrog and a Grand Knight of the Icelandic Order of the Falcon. He died in October 1987 in Oslo.[1]


 

Event Participated in

EventStartEndLocation(s)Description
Bilderberg/197927 April 197929 April 1979Austria
Baden
Clubhotel Schloss Weikersdorf
27th Bilderberg, 95 guests, Austria
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References

  1. a b c d e http://www.snl.no/.nbl_biografi/Knut_Getz_Wold/utdypnin
  2. https://www.nb.no/items/URN:NBN:no-nb_digavis_norsktidend_null_null_19360505_2_103_1
  3. Ording, Arne; Johnson, Gudrun; Garder, Johan (1951). "Wold, Torolf Getz". Våre falne 1939-1945 (in Norwegian). Vol. 4. Oslo: The State of Norway. p. 544.
  4. http://www.nsd.uib.no/polsys/index.cfm?urlname=polsys&lan=&MenuItem=N1_1&ChildItem=&State=collapse&UttakNr=33&person=19032
  5. Lie, Einar (1995). Ambisjon og tradisjon. Finansdepartementet 1945–1965 (in Norwegian). Oslo: Universitetsforlaget. p. 147.
  6. https://www.trumanlibrary.gov/library/oral-histories/getzwold
  7. http://www.snl.no/.nbl_biografi/Hermod_Sk%C3%A5nland/utdypning%7C
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