Alan Greenspan. Alan Greenspan (/ˈælɨn ˈɡriːnspæn/; born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.
Greenspan came to the Federal Reserve Board from a successful consulting career. Early life and education Greenspan was born in the Washington Heights area of New York City. Career Before the Federal Reserve During his economic studies at New York University, Greenspan worked under Eugene Banks, a managing director at the Wall Street investment bank Brown Brothers Harriman, working in the firm's equity research department. Ben Bernanke. Ben Shalom Bernanke (/bərˈnæŋki/, bər-NANG-kee; born December 13, 1953) is an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States from 2006 to 2014.
During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave. Bernanke then served as chairman of President George W. Bush's Council of Economic Advisers before President Bush appointed him on February 1, 2006, to be chairman of the United States Federal Reserve. Bernanke was confirmed for a second term as chairman on January 28, 2010, after being renominated by President Barack Obama. Family and early life Young adult Religion Fed Chairman Bernanke On The Economy.
Joseph Stiglitz. Joseph Eugene Stiglitz, ForMemRS, FBA (born February 9, 1943) is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank, and is a former member, and Chairman of the Council of Economic Advisers. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists"), and some international institutions like the International Monetary Fund and the World Bank.
Life and career Stiglitz was born in Gary, Indiana, to Jewish parents, Charlotte (née Fishman) and Nathaniel D. Stiglitz. From 1960 to 1963, he studied at Amherst College, where he was a highly active member of the debate team and president of the student government. In 2011, he was named by Foreign Policy magazine on its list of top global thinkers. Joseph Stiglitz: New Ideas for a New World. Joe Stiglitz - the moral failing of capitalism. Milton Friedman. Friedman's challenges to what he later called "naive Keynesian" (as opposed to New Keynesian) theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing Keynesian government policies. In the late 1960s, he described his own approach (along with all of mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s, he promoted an alternative macroeconomic policy known as "monetarism".
Friedman was an economic adviser to Republican U.S. President Ronald Reagan. His political philosophy extolled the virtues of a free market economic system with minimal intervention. He once stated that his role in eliminating U.S. conscription was his proudest accomplishment, and his support for school choice led him to found the Friedman Foundation for Educational Choice. Early life Public service Milton Friedman on his Ideal Society.