Stephen Marris
 Stephen Marris     (economist) | |
|---|---|
 | |
| Nationality | UK |
| Alma mater | Cambridge |
| Member of | Group of Thirty |
Economist who attended the 1988 Bilderberg meeting where a subject was "A World Awash With Public And Private Debt". Group of Thirty.
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Stephen N. Marris was an economist who attended the 1988 Bilderberg meeting.
Career
He worked for the OECD from 1956 until 1983.[1]
He argued for Keynesian policies.[2][3]
"Despite being a Special Economic Advisor to the Secretary-General, Marris was later erased from official historical records after being designated person non grata in 1983 at the height of the Reagan-Thatcher era."[4]
He became a Senior Fellow at the Institute for International Economics, where he seems to have a change of heart, as he by 1987 advocated ot "turn Lord Keynes on his head".[5]
He was part of an October 1987 Senate hearing on "Foreign Debt and Trade Deficits"[6], which is relevant for the 1988 Bilderberg conference theme "How To Handle A World Awash With Public And Private Debt?"
At the Senate hearing after the 1987 Wall Street Crash he opined that:
To my mind, there is no mystery about what happened on Wall Street...the United States has been living beyond its means for several years. It's been spending more than it's been earning to the tune of about $150 billion this year. Now what happened on Wall Street was part of the mechanism by which the "magic of the market," to use President Reagan's phrase, is going to force American spending back down in line with its income. Unfortunately, absent major action to cut the budget deficit, if this process is left entirely to market forces, it will almost certainly lead to a recession in this country. What we have learned in Europe over the last 10 to 15 years is that you can get into a position where you need to turn Lord Keynes on his head. The Keynesian will say, "You should not cut the budget deficit if the economy is going into recession. On the contrary, you should increase it.[5]
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/1988 | 3 June 1988 | 5 June 1988 | Austria Interalpen-Hotel Telfs-Buchen | The 36th meeting, 114 participants |
References
- ↑ https://ies.princeton.edu/pdf/E155.pdf
- ↑ http://shiftingwealth.blogspot.com/2020/06/the-oecd-development-centre-in-1980s.html
- ↑ https://www.cambridge.org/core/journals/annales-histoire-sciences-sociales-english-edition/article/debating-international-keynesianism-the-sense-of-the-acceptable-and-the-neoliberal-turn-at-the-oecd/8CBF6FBF584D0E25C67981F9494D7DB2
- ↑ https://shs.cairn.info/journal-revue-francaise-de-science-politique-2022-1-page-55?lang=en
- ↑ a b https://www.jec.senate.gov/reports/100th%20Congress/The%20US%20International%20Imbalances%20(1466).pdf
- ↑ https://www.c-span.org/video/?1023-1/foreign-debt-trade-deficits
