Charles Wolf Jr.

Senior Research Fellow

Charles Wolf Jr. passed away on October 24, 2016.

Charles Wolf Jr. was a senior research fellow at the Hoover Institution. He was also the chair in international economics at the RAND Corporation, and a professor of policy analysis at the Pardee RAND Graduate School.

He was an expert in international economic policy, relationships between economic issues and foreign and defense policy, particularly in Asia and Europe, and international risk assessment.

His recent research focused on long-term economic and military trends in Asia and Europe, as well as on the economies of China, Japan, and Korea. His latest research included estimating the costs of Korean reunification and how to limit them, and a separate study of the Russian economy and its prospects.

He wrote more than 250 articles and more than a dozen books on economics, defense, and international affairs. Among the latter are Looking Backward and Forward: Policy Issues in the Twenty-first Century (Hoover Institution Press, 2008), Linking Economic Policy and Foreign Policy (Transaction, 1991), Markets or Governments: Choosing between Imperfect Alternatives, 2d ed. (MIT Press, 1993), The Economic Pivot in a Political Context (Transaction, 1997), Economic Openness: Many Facets, Many Metrics (Rand, 1999), Straddling Economics and Politics: Cross-Cutting Issues in Asia, the United States and the Global Economy (Rand, 2002), Fault Lines in China's Economic Terrain (co-authored) (RAND 2003), and North Korean Paradoxes (2005).

Wolf was published frequently in national newspapers including the Wall Street Journal, Los Angeles Times, and the Asian Wall Street Journal and is a director of several large mutual funds.

He was a member of the advisory board of the Center for International Business and Economic Research at UCLA's Anderson Graduate School of Business. He was also a member of the editorial boards of the Korean Journal of Defense Analysis, Society, and the Independent Review and a member of the American Economic Association, the Econometric Society, the Council on Foreign Relations, and the International Institute for Strategic Studies in London.

Wolf served with the Department of State, the Economic Cooperation Administration, and the Foreign Operations Administration. He was dean of the RAND Graduate School from 1970 to 1997, and chairman of Rand's Economics Department from 1967 to 1982.

He taught at Cornell, the University of California at Berkeley, and UCLA. In 1976 he was a visiting fellow at Nuffield College, Oxford.

Wolf received BS and PhD degrees in economics from Harvard University, where he was a member of Phi Beta Kappa.

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Recent Commentary

Doom or Boom?

by Charles Wolf Jr.via Hoover Digest
Thursday, January 30, 2003

Gloomy predictions notwithstanding, there are plenty of signs that the American economy is on the rebound. By Charles Wolf Jr.

Tax Fairness Is in the Eye of the Beholder

by Charles Wolf Jr.via Hoover Digest
Monday, July 30, 2001

The debate over the recently enacted tax cut was full of overheated—and disingenuous—rhetoric about "tax cuts for the rich." Hoover fellow Charles Wolf Jr. ignores the rhetoric to examine the facts.

Analysis and Commentary

Asia's Dramatic Recovery

by Charles Wolf Jr.via Hoover Daily Report
Monday, June 5, 2000

The turnaround of the East Asian economies by the second quarter of 2000 was extraordinary.

Are “Asian Values” Really Unique?

by Charles Wolf Jr.via Hoover Digest
Sunday, April 30, 2000

When the Asian economies were booming, certain Asian leaders credited the region’s growth to a unique set of Asian values. When in 1997 the Asian economies crashed, many Western critics attributed the fall to . . . a unique set of Asian values. Who was right? Both were wrong. By Hoover fellow Charles Wolf Jr.

Asia Gets Back on Its Feet

by Charles Wolf Jr.via Hoover Digest
Saturday, October 30, 1999

Just two years after the economic crisis laid them low, the economies of Asia are back up and dusting themselves off. By Hoover fellow Charles Wolf Jr.

Why China Doesn’t Need the WTO

by Charles Wolf Jr.via Hoover Digest
Friday, July 30, 1999

The centerpiece of Chinese premier Zhu Rongji’s recent visit to Washington was to have been the announcement of a deal to usher China into the World Trade Organization. To the consternation of President Clinton, the deal fell through. Hoover fellow Charles Wolf Jr. asks, So what?

What Caused the Crash?

by Charles Wolf Jr.via Hoover Digest
Thursday, April 30, 1998

Those who championed the so-called Asian development model thought bureaucrats could make better economic decisions than the marketplace. They were . . . mistaken. Hoover fellow Charles Wolf Jr. explains what went wrong and how to fix it.

How to Square the Asian Circle

by Charles Wolf Jr.via Hoover Digest
Friday, January 30, 1998

The United States wants a military alliance with Japan and a policy of engagement with China, aims that happen to be in conflict. Hoover fellow Charles Wolf Jr. tells how to pull the policy off.

Two Deficits That Just Don't Matter

by Charles Wolf Jr., Walter B. Wristonvia Hoover Digest
Thursday, October 30, 1997

Day in and day out, politicians and the press harp on the trade deficit and the federal deficit. Hoover fellow Charles Wolf Jr. and former Citicorp chairman Walter Wriston explain why they should save their breath.

Asia in 2015

by Charles Wolf Jr.via Hoover Digest
Wednesday, July 30, 1997

China, Japan, India, Korea, Indonesia: In the next fifteen to twenty years, Hoover fellow Charles Wolf Jr. argues, each is destined to become a great deal richer and much more powerful. The ascent of Asia--and what it means for the United States.