Martin Feldstein


Martin Feldstein passed away on June 11, 2019.

Feldstein was a senior fellow at the Hoover Institution, the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research. He served as President and CEO of the NBER from 1977-82 and 1984-2008. He was a Research Associate of the NBER. The NBER is a private, nonprofit research organization that has specialized for nearly 100 years in producing nonpartisan studies of the American economy.

From 1982 through 1984, Martin Feldstein was Chairman of the Council of Economic Advisers and President Reagan's chief economic adviser. He served as President of the American Economic Association in 2004. In 2006, President Bush appointed him to be a member of the President's Foreign Intelligence Advisory Board. In 2009, President Obama appointed him to be a member of the President's Economic Recovery Advisory Board.

Feldstein was a member of the American Philosophical Society, a Corresponding Fellow of the British Academy, a Fellow of the Econometric Society and a Fellow of the National Association of Business Economists. He was a Trustee of the Council on Foreign Relations and a member of the Trilateral Commission, the Group of 30, the American Academy of Arts and Sciences, and the Council of Academic Advisors of the American Enterprise Institute.

Feldstein received honorary doctorates from several universities and is an Honorary Fellow of Nuffield College (Oxford), and Brasenose College (Oxford). In 1977, he received the John Bates Clark Medal of the American Economic Association, a prize awarded every two years to the economist under the age of 40 who is judged to have made the greatest contribution to economic science. He was the author of more than 300 research articles in economics. Feldstein was a director of several public corporations. He was also an economic adviser to several businesses and government organizations in the United States and abroad. He was a regular contributor to the Wall Street Journal and other publications. Martin Feldstein was a graduate of Harvard College and Oxford University. He was born in New York City in 1939. His wife, Kathleen, was also an economist. The Feldsteins have two married daughters.

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Recent Commentary

In the News

Martin Feldstein: The Economist’s Economist

featuring Martin Feldsteinvia Politico
Sunday, December 29, 2019

Martin Feldstein was the consummate bridge builder in economic ideas at a time when economic policy grew more concerned with walls than bridges. His brilliant career offers a legacy, yes, but also a beacon for economics and economists to take a more center-stage role on key matters of public policy.

In the News

A True Scholar: Martin Feldstein, 1939–2019

featuring Martin Feldsteinvia Foreign Affairs
Monday, July 22, 2019

Martin Feldstein, one of the world’s great economists, passed away on June 11, at the age of 79. To the general public, he was best known as the chair of the Council of Economic Advisers under President Ronald Reagan, as well as the author of hundreds of popular opinion pieces and a frequent commentator on public policy.

In the News

Prof. Feldstein And Apple And Orange Prices

featuring Martin Feldsteinvia The Wall Street Journal
Sunday, June 30, 2019

When apples go up in price (because of rising costs to producers, transporters, retailers, etc.) and people switch to oranges, the increased demand for oranges causes the price of oranges to rise.

In the News

Martin Feldstein Was A Pillar Of American Economics

featuring Martin Feldsteinvia The Economist
Saturday, June 15, 2019

For a half-century Martin Feldstein was everywhere you looked in American economics. He was an astoundingly prolific columnist, sometimes churning out several a week, for several newspapers, on the big economic stories of the day. He was a fixture at conferences and seminars and the teacher, for two decades, of Harvard University’s introductory economics course. He served presidents of both parties. In short Mr Feldstein, who died on June 11th aged 79, was an American economic institution.

In the News

Influential Economist Martin Feldstein Has Died At Age 79

featuring Martin Feldsteinvia Fox Business
Wednesday, June 12, 2019

FBN's Maria Bartiromo on the death of Harvard Economics Professor and Hoover Institution Fellow Martin Feldstein.

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Stop, Thieves

by Martin Feldsteinvia Hoover Digest
Wednesday, April 24, 2019

“Trade war” is the wrong description for our clash with China. Instead, it’s a campaign to halt the stealing of American technology.

In the News

New Study Estimates Dollar Values For Free Online And Digital Goods. Does GDP Need Redesign For 21st Century?

quoting Martin Feldsteinvia AEI
Friday, March 29, 2019

I’ve written a number of times on CD about the possible limitations of official GDP accounting methods (developed in the 1930s during the Machine Age) for measuring economic activity, output and well-being in the Digital Age when so many services are now free or nearly free (Wikipedia, Facebook, Craigslist, email, Internet, cameras, videos, music, GPS/maps, etc.).

In the News

Republicans Need To Be Adults And Talk About Entitlement Reform Again

quoting Martin Feldsteinvia The Daily Wire
Tuesday, March 26, 2019

Paul Ryan, for all his flaws as an immigration dove and record of taking tough votes such as the grotesquely cronyist TARP bailout, was nonetheless almost single-handedly responsible for making entitlement reform a part of Republican Party economic orthodoxy. Ryan's "Roadmap for America's Future," first introduced in 2008 and later more fully flushed out, detailed the Wisconsin congressman's policy vision for a future that included structural reforms — including means-testing, introduction of competitive market forces, and optionality for privatization measures — to America's bankrupting entitlement programs of Medicare, Medicaid, and Social Security.

In the News

What Federal Spending To Cut?

quoting Martin Feldsteinvia Cato Institute
Friday, March 22, 2019

Economist Martin Feldstein warns about excessive government debt in the Wall Street Journal: The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt.


The Debt Crisis Is Coming Soon

by Martin Feldsteinvia The Wall Street Journal
Wednesday, March 20, 2019

The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt. According to the Congressional Budget Office, the deficit this year will be $900 billion, more than 4% of gross domestic product. It will surpass $1 trillion in 2022. The federal debt is now 78% of GDP. By 2028, it is projected to be nearly 100% of GDP and still rising.