Walter Heller
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Walter Heller | |
---|---|
5th Chair of the Council of Economic Advisers | |
In office January 29, 1961 – November 15, 1964 | |
President | John F. Kennedy Lyndon Johnson |
Preceded by | Raymond Saulnier |
Succeeded by | Gardner Ackley |
Personal details | |
Born | Buffalo, New York, U.S. | August 27, 1915
Died | June 15, 1987 Silverdale, Washington, U.S. | (aged 71)
Political party | Democratic |
Education | Oberlin College (BA) University of Wisconsin, Madison (MA, PhD) |
Walter Wolfgang Heller (27 August 1915 – 15 June 1987) was a leading American economist of the 1960s, and an influential adviser to President John F. Kennedy as chairman of the Council of Economic Advisers, 1961–64.
Life and career
Heller was born in
As a
The day after Kennedy was assassinated, Heller met with President Johnson in the
In the early phases of his career, Heller contributed to the creation of the
Heller was critical of Milton Friedman's followers and labelled them cultish: "Some of them are Friedmanly, some Friedmanian, some Friedmanesque, some Friedmanic and some Friedmaniacs."[3]
Heller joined the University of Minnesota faculty as an associate professor of economics in 1945, left for a few years to serve in government, and returned in the 1960s, eventually serving as chair of the Department of Economics. He built it into a top-ranked department with spectacular hires, including future Nobel Prize winners Leonid Hurwicz (2007), Edward C. Prescott (2004), Thomas J. Sargent (2011) and Christopher A. Sims (2011).[4]
Heller was elected to the American Academy of Arts and Sciences in 1962 and the American Philosophical Society in 1975.[5][6]
Heller died in Silverdale, Washington on June 15, 1987, at the age of 71. In 1999, the University of Minnesota renamed the Management and Economics Tower, located on the West Bank of their Minneapolis campus, Walter W. Heller Hall in honor of the late Walter Heller. The building houses student advising services in addition to providing classroom space.[7][8]
In 2010, the University of Minnesota Department of Economics announced the creation of the Heller-Hurwicz Economics Institute, honoring the legacies of Walter Heller and fellow Minnesota faculty member Leonid Hurwicz.
References
- .
- ^ "Shorewood School District to honor alumni, ex-teachers", Milwaukee Journal Sentinel, May 7, 2003. Accessed September 17, 2007. "The other honorees are Walter Heller (class of '31), an economic adviser to Presidents Kennedy and Johnson and a professor at the University of Michigan..."
- ^ Memorandum to William Carmichael as quoted on page 206 of Valdes, Pinochet's Economists.
- ^ Douglas Clement, "A Golden History", College of Liberal Arts, University of Minnesota
- ^ "Walter Wolfgang Heller". American Academy of Arts & Sciences. Retrieved 2022-07-28.
- ^ "APS Member History". search.amphilsoc.org. Retrieved 2022-07-28.
- ^ "Heller Hall, Minneapolis | 122673". Emporis. Archived from the original on May 4, 2018. Retrieved 2022-05-03.
- ^ "Walter W. Heller Hall | Campus Maps".
Primary sources
- Heller, Walter. Monetary vs. Fiscal Policy (a dialogue with Milton Friedman). 1969.
- Heller, Walter. New Dimensions of Political Economy. 1966.