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Alvin Harvey Hansen
ALVIN HARVEY HANSEN (1887-1975), often referred to as “the American Keynes”, was a professor of economics at Harvard, a widely read author on current economic issues, and an influential advisor to ...view moreALVIN HARVEY HANSEN (1887-1975), often referred to as “the American Keynes”, was a professor of economics at Harvard, a widely read author on current economic issues, and an influential advisor to the government who helped create the Council of Economic Advisors and the Social Security system. He was best known for introducing Keynesian economics in the United States in the 1930s; more effectively than anyone else, he explicated, extended, domesticated, and popularized the ideas embodied in Keynes’ The General Theory. Born in Viborg, South Dakota in 1887, he graduated from Yankton College in 1910 with a major in English. He received his Ph.D. in economics from the University of Wisconsin-Madison in 1916. He then moved back west to the University of Minnesota in 1919, where he rose quickly through the ranks of a full teacher in 1923. His books Business Cycle Theory (1927) and his introductory text Principles of Economics (1928, with Frederic Garver) brought him to the attention of the wider economics profession. His Economic Stabilization in an Unbalanced World (1932) established him in the broader circle of public affairs. He was elected as a Fellow of the American Statistical Association in 1932. In 1937 he became Lucius N. Littauer Chair of political Economy at Harvard University and published three further books. He served as special economic adviser to Marriner Eccles at the Federal Reserve Board from 1940-1945. After retiring from active teaching in 1956, he wrote The American Economy (1957), Economic Issues of the 1960’s and Problems (1964), and The Dollar and the International Monetary System (1965). He died in Alexandria, Virginia in 1975, aged 87.
SEYMOUR E. HARRIS (1897-1974) was an American political economist and adviser to Presidents Kennedy and Johnson. He taught at Harvard University for more than 40 years and became emeritus professor of economics at the University of California at San Diego in 1963.view less