Arthur Burns

Burns, Arthur

 

Born Apr. 27, 1904, in Stanisławów, Galicia. American bourgeois economist. Graduated from Columbia University (1925); professor there (from 1933).

Burns headed the Council of Economic Advisers under President Eisenhower (1953–56). He has been president of the American Economic Association (1959), president of the Academy of Political Science (1961), chairman of the National Bureau of Economic Research (1967), and adviser to President Nixon on domestic economic problems (since 1969). Burns is the author of works analyzing the changes in the economic cycle of the USA that set in after World War II under the influence of government intervention and of structural changes in the economy. In the area of state regulation of the economy, he advocates the use of various economic levers, depending on the characteristics of the cycle.

WORKS

Measuring Business Cycles. New York, 1946. (With W. Mitchell.)
Economic Research and the Keynesian Thinking of Our Times. New York, 1946.
Production Trends in the US Since 1870. New York, 1950.
The Frontiers of Economic Knowledge. Princeton, 1954.
Prosperity Without Inflation. New York, 1958.
The Management of Prosperity. New York-London, 1966.

E. A. LEBEDEVA

References in periodicals archive ?
He cited the example of former Fed Chairman Arthur Burns who, was bullied into easing policy by President Richard Nixon, helping ignite runaway inflation.
In a last-minute appeal to White House communications director David Gergen, however, Ambassador Arthur Burns effectively conveyed his sense of the value of "let Reagan be Reagan" vis-a-vis the German public, and the Filderstadt reference was included.
In 1969, Richard Nixon, already plotting re-election, summoned to the White House Arthur Burns, who Nixon had nominated to become Fed chairman.
Bethany Allen-Ebrahimian is a journalist and Arthur Burns fellow.
Explains Arthur Burns, professor of Modern British History at King's College London: 'The exhibit will reveal how the individual lives of these two notable--but also exceptionally privileged--men reflected in all kinds of unexpected ways the complex and changing societies in which they lived, and the economic, cultural, and political globalization that was as much a feature of their lives as our own, and as much a source of challenge and controversy then as now."
Greenspan learned economic theory from Arthur Burns at Columbia University.
Economists often describe the Great Inflation of the 1970s as a failure of monetary policy actions of the Federal Reserve under former Chairman Arthur Burns. According to conventional wisdom, after Volcker became Fed chairman in 1979, he implemented abrupt changes in the conduct of monetary policy that curbed inflation.
President Richard Nixon's 1972 re-election campaign, he sternly lectured Fed chair Arthur Burns on the need for pump-priming the economy to help him defeat his Democratic challenger, George McGovern.
During US President Richard Nixon's 1972 re-election campaign, he sternly lectured Fed chair Arthur Burns on the need for pump-priming the economy to help him defeat his Democratic challenger, George McGovern.
The stagnating state of the economy in 1956 was a cause of concern for the Eisenhower administration during an election year, so Eisenhower encouraged Arthur Burns, then on the CEA, to push the Fed toward monetary easement (Meltzer 2009a, 135).
There was some support within the Reagan camp, but Arthur Burns, a former chairman of the Federal Reserve Board, nixed it.
Some of the lads Raymond walked with to Ayresome Park included Billy Johnson, Alan Walters, Alan Watson and Arthur Burns.