Allan H. Meltzer

Distinguished Visiting Fellow

Allan Meltzer passed away on May 8, 2017.

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 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.

Professor Meltzer's writings appeared in numerous journals; his most recent publication was Why Capitalism? (Oxford University Press, 2012). He authored several other books, including 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 for 2011 by the American Council for Capital Formation and is 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.

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Review Of Reflections On Allan H. Meltzer’s Contributions To Monetary Economics And Public Policy

featuring Allan H. Meltzervia Springer Link
Wednesday, January 22, 2020

A review of Reflections of Allan H. Meltzer’s Contributions to Monetary Economics and Public Policy.


Reflections On Allan H. Meltzer’s Contributions To Monetary Economics And Public Policy

by Allan H. Meltzer, Michael D. Bordo, Charles I. Plosser, John B. Taylorvia Hoover Institution Press
Tuesday, October 1, 2019

Allan H. Meltzer (1928–2017), a twentieth-century macroeconomist, was an innovator in the field of monetary economics and public policy, showing how central banking could influence economic disasters. Meltzer was also a valued consultant both in the United States and overseas, championing rules-based monetary policy and free markets. Eleven prominent economists reflect on his contributions in this volume edited by David Beckworth.

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Three Democrat Errors

by Allan H. Meltzervia Defining Ideas
Tuesday, April 25, 2017

A party that rejects free speech and popular sovereignty cannot hope to win.

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A Humane Reduction In Healthcare Costs

by Allan H. Meltzervia Defining Ideas
Thursday, February 23, 2017

Modest, voluntary co-pays on end-of-life care would encourage families to opt for free hospice or palliative care. 

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The Sullen Leftists

by Allan H. Meltzervia Defining Ideas
Wednesday, December 14, 2016

Their reaction to Trump’s victory reinforces that they are anti-democratic statists who want to control our lives. 

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Worst Election Ever

by Allan H. Meltzervia Defining Ideas
Thursday, November 10, 2016

Democracy will fail if voters are uninformed, misinformed, and distrust their leaders.

Federal Reserve
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Reform The Federal Reserve

by Allan H. Meltzervia Defining Ideas
Wednesday, October 12, 2016

The central bank must adopt a medium-term strategy and give more power to regional branches. 

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Mortgaging Our Low Interest Future

by Allan H. Meltzervia Defining Ideas
Thursday, September 1, 2016

Rather than wait for a crisis to upend the market, we need to act now to reduce government debts and deficits.

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Lies Politicians Tell Us

by Allan H. Meltzervia Defining Ideas
Wednesday, July 27, 2016

Clinton, Trump, the Obama administration, and the media—all are guilty of obfuscation, deceit, and dishonesty.  

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The EU’s Path Forward

by Allan H. Meltzervia Defining Ideas
Thursday, July 7, 2016

It could foolishly punish Britain or it could use Brexit as an opportunity to reform