Remembering Allan Meltzer

Tuesday, May 9, 2017
Stanford University, California

STATEMENT FROM HOOVER DIRECTOR TOM GILLIGAN

“It is with sadness that I share the loss of Allan Meltzer, a distinguished economist and Hoover colleague. We will remember Allan for his many intellectual contributions, especially to the study of monetary policy and the history of the Federal Reserve System. Marilyn and his family are in our thoughts and prayers during this trying time." 

REMEMBERING ALLAN MELTZER

Allan Meltzer was a distinguished visiting fellow at the Hoover Institution and the Allan H. Meltzer University Professor of Political Economy at the Tepper School of Business at Carnegie Mellon University.  He was also a visiting professor at Harvard, the University of Chicago, the University of Rochester, the Yugoslav Institute for Economic Research, the Austrian Institute for Advanced Study, the Getulio Vargas Foundation in Rio de Janeiro, and the City University, London.

He served as a consultant for several congressional committees, the President's Council of Economic Advisers, the US Treasury Department, the Board of Governors of the Federal Reserve System, the World Bank, foreign governments, and central banks. He was a member of the President's Economic Policy Advisory Board. In 1988–89 he was an acting member of the President's Council of Economic Advisers. From 1986 to 2002 he was an honorary adviser to the Institute for Monetary and Economic Studies of the Bank of Japan.

In 1999–2000 he served as chairman of the International Financial Institution Advisory Commission, known as the Meltzer Commission, which proposed major reforms of the International Monetary Fund and the development banks.

Meltzer authored several books, including Why Capitalism? (Oxford University Press, 2012),  A History of the Federal Reserve (University of Chicago Press, 2 volumes, 2003 and 2009) and numerous papers on economic theory and policy. His career included experience as a self-employed businessman, management adviser, and consultant to banks and financial institutions.

In 1983 Professor Meltzer received a medal for distinguished professional achievement from the University of California, Los Angeles. He was named the distinguished fellow of 2011 by the American Council for Capital Formation and was a distinguished fellow of the American Economic Association. In 2003 he received the Irving Kristol Award from the American Enterprise Institute and the Adam Smith Award from the National Association for Business Economics. In 2009 he received the Distinguished Teacher Award from the International Mensa Foundation. In 2011 Professor Meltzer received the Bradley Award, the Harry Truman Medal for Public Policy, and the Truman Medal for Economic Policy

TRIBUTES

Allan Meltzer
Allan H. Meltzer, the great economist of monetary affairs who died Tuesday at age 89, was the consummate insider who understood the value of staying outside the government. Other than a short stint in the late 1980s as a member of the President’s Council of Economic Advisers, Meltzer made a distinguished career offering constructive criticism to the powers that be. (read more)

Allan H. Meltzer, Conservative Economist, Dies at 89
Allan H. Meltzer, an influential conservative economist who strongly opposed government bailouts and was credited with coining the anti-bailout slogan, “Capitalism without failure is like religion without sin,” died on Monday in Pittsburgh. He was 89. (read more)

Allan H. Meltzer, 89, conservative economist
Allan H. Meltzer, an influential conservative economist who strongly opposed government bailouts and was credited with coining the anti-bailout slogan “Capitalism without failure is like religion without sin,” died Monday in Pittsburgh. The Boston native was 89. (read more)

Allan H. Meltzer: A Stellar Academic Who Also Excelled As Intellectual Entrepreneur
Allan H. Meltzer (1928-2017) earned a great reputation as an outstanding academic. He was a scholar of Nobel Prize quality. He taught at some of the best universities in the world, including Chicago and Harvard. But he did most of his teaching at Carnegie Mellon University where he became their longest standing professor. (read more)

Allan H. Meltzer, Monetary Policy Expert and Historian of Political Economy, Dies at 89
Internationally renowned economist and Carnegie Mellon University Professor Allan H. Meltzer, author of the seminal text "Why Capitalism?" and a magisterial two-volume history of the Federal Reserve, died on May 8. He was 89. (read more)

Allan H. Meltzer, RIP, by David Henderson
My Hoover colleague and long-time monetarist economist Allan Meltzer died yesterday. He was 89. (read more)

Federal Reserve expert, CMU professor Allan H. Meltzer has died
Allan H. Meltzer, a distinguished economist and one of the country's leading experts on the Federal Reserve, has died. He was 89. Meltzer, a longtime professor at Carnegie Mellon University in Pittsburgh, died on Monday. The university announced is death Tuesday. (read more)

Allan Meltzer, RIP
I was sad to hear that Allan Meltzer passed away today, at the age of 89. I always thought of him as one of the leaders of monetarism, along with Milton Friedman, Anna Schwartz and Karl Brunner (with whom he frequently collaborated on research.) Unfortunately I didn’t meet Allan until he was in his 80s, but he was still quite energetic and passionate about both monetary economics and classical liberalism more broadly. (read more)

Remembering Allan Meltzer
Allan Meltzer, who died on Monday at the age of 89, was the leading monetary policy economist of his generation, a professor at Carnegie Mellon University, and the author of a three-volume history of the Federal Reserve. (read more)

Allan Meltzer, RIP
Our hearts are heavy with the news that Allan Meltzer, a world-renowned economist and long time AEI visiting scholar, has passed away at the age of 89. A man of many accomplishments, Allan led a distinguished career and contributed enormously to the field of economics. (read more)

Allan H. Meltzer, RIP
Allan H. Meltzer, a distinguished monetary economist and historian and a longtime professor of economics at Carnegie-Mellon Institute, died on Monday at the age of 89. Details of his life and career can be found in his obituaries. (read more)

Remembering All of Allan Meltzer's Work
Allan Meltzer passed away this week. He is probably best known for his multi-volume history of the Federal Reserve, the 'Meltzer Commission' that aimed to reform the IMF, and most recently his critique of Fed policy since the Great Recession. There was, however, much more to Allan Meltzer than just these developments. (read more)

CMU’s Allan Meltzer, Economist Extraordinaire
Allan Meltzer, the internationally renowned economist and esteemed Carnegie Mellon University professor, died on May 8 at the age of 89. Meltzer was a pioneer for policy reform, a prolific author, a teacher, and a leader in his profession. (read more)

Thank You Allan Meltzer
Allan Meltzer passed away this week. He was one of the great economists I was lucky to have known and to have occasionally worked with. My colleague Jim Dorn wrote a very nice summary of his scholarship and influence. Jim also recounts his close work with Cato over the years. (read more)