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[edit] Greenspan was born in the Washington Heights area of New York City. His father Herbert Greenspan was of Romanian-Jewish descent and his mother Rose Goldsmith of Hungarian-Jewish descent. His father worked as a stockbroker and market analyst in New York City.[8] Career[edit] Before the Federal Reserve[edit] Chairman of the Federal Reserve[edit] After the Federal Reserve[edit] Ben Bernanke. Ben Shalom Bernanke[1] (/bərˈnæŋki/ bər-NANG-kee;[2] born December 13, 1953) is an American economist at the Brookings Institution[3] 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 nominated him to succeed Alan Greenspan as chairman of the United States Federal Reserve. Family and early life[edit] Bernanke was born in Augusta, Georgia, and was raised on East Jefferson Street in Dillon, South Carolina.[4] His father Philip was a pharmacist and part-time theater manager.
Young adult[edit] 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.[2][3] 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[edit] Stiglitz was born in Gary, Indiana, to Jewish parents, Charlotte (née Fishman) and Nathaniel D.
In addition to making numerous influential contributions to microeconomics, Stiglitz has played a number of policy roles. In 2011, he was named by Foreign Policy magazine on its list of top global thinkers.[27] Contributions to economics[edit] Joseph Stiglitz: New Ideas for a New World. Joe Stiglitz - the moral failing of capitalism.
Milton Friedman. American economist and statistician (1912–2006) Friedman's challenges to what he called "naive Keynesian theory"[12] began with his interpretation of consumption, which tracks how consumers spend. He introduced a theory which would later become part of the mainstream and among the first to propagate the theory of consumption smoothing.[6][13] During the 1960s, he became the main advocate opposing Keynesian government policies,[14] and described his approach (along with mainstream economics) as using "Keynesian language and apparatus" yet rejecting its initial conclusions.[15] He theorized that there existed a natural rate of unemployment and argued that unemployment below this rate would cause inflation to accelerate.
Early life[edit] Jenő Saul Friedman, Milton Friedman's father Friedman was born in Brooklyn, New York on July 31, 1912. Milton Friedman and future wife Rose Friedman in 1935 Public service[edit] The NBER, where Friedman worked, starting in 1937 Academic career[edit] Death[edit] Milton Friedman on his Ideal Society.