Herbert Stein
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Herbert Stein (August 27, 1916 – September 8, 1999) was a senior fellow at the American Enterprise Institute and was on the board of contributors of The Wall Street Journal. He was chairman of the Council of Economic Advisers under President Nixon and President Ford. In the 1970s, he was a professor of economics at the University of Virginia.
Stein was born in Detroit, but his family moved to New York during the Great Depression. He enrolled in Williams College just before he turned sixteen. After graduating Phi Beta Kappa, he went to Washington to work as an economist in various agencies. He received his Ph.D. in economics from the University of Chicago in 1958. He was well-known as a pragmatic conservative and was jokingly referred to as "a liberal's conservative and a conservative's liberal." He is the author of The Fiscal Revolution in America.
He is the father of Ben Stein.
External links
- Article on Balance of Payments by Herbert Stein (http://www.econlib.org/library/Enc/BalanceofPayments.html)