Glenn Hubbard (economist)
| R. Glenn Hubbard | |
|---|---|
| Born | September 4, 1958 Orlando, Florida |
| Nationality | United States |
| Education | B.A., B.S., 1979 A.M., 1981, Ph.D., 1983 |
| Alma mater | University of Central Florida Harvard University |
| Occupation | Professor of Economics and Finance |
| Employer | Columbia Business School |
| Title | Dean |
| Predecessor | Meyer Feldberg |
| Political party | Republican |
| Board member of | Automatic Data Processing[1] BlackRock Fin.[2] Duke Realty[3] KKR Fin. Corp. Ripplewood Holdings MetLife Inc.[4] |
| Religion | Presbyterian |
| Parents | Charles Whistnant Hubbard Myrtle Jean (Dabbs) Hubbard |
| Website | |
| www.GlennHubbard.net | |
| Notes | |
R. Glenn Hubbard (born September 4, 1958) is an American economist. He is Dean of the Columbia University Graduate School of Business, where he is also Russell L. Carson Professor of Finance and Economics.[6] Hubbard was Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993, and chairman of the Council of Economic Advisors from 2001 to 2003.
Hubbard is a Visiting Scholar at the conservative American Enterprise Institute, where he studies tax policy and health care.[7]
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[edit] Background
Born September 4, 1958 in Orlando, Florida, Hubbard received his B.A. and B.S. degrees summa cum laude from the University of Central Florida in 1979, and his Ph.D. in economics from Harvard University in 1983.
[edit] Career
[edit] Academic
Hubbard has been at Columbia University since 1988, being Russell L. Carson Professor of Finance and Economics since 1994.[4]
He was named dean of Columbia Business School on July 1, 2004.
[edit] Government
Hubbard was Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993.[7]
From February 2001 until March 2003, Hubbard was chairman of the Council of Economic Advisors under President George W. Bush. A supply-side economist, he was instrumental in the design of the 2003 Bush Tax cuts[8] -- an issue which split the economics profession on ideological lines, with those leaning left opposed and those leaning right supportive. See Economists' statement opposing the Bush tax cuts.
He was tipped by some media outlets to be a candidate for the position of Chairman of the Federal Reserve when Alan Greenspan retired, although he was not nominated for the position.[8]
On January 11, 2006, it was announced that he has been tapped to serve on the advisory board of a think tank formed by the Federal Reserve Bank of Dallas to study the impact of globalization on the international economy.[citation needed]
[edit] Other
He serves as Co-Chair of the Committee on Capital Markets Regulation.
Hubbard was an economic advisor to the 2008 presidential campaign of Mitt Romney.
"Hubbard is a member of the Board of Directors of Automatic Data Processing, Inc., BlackRock Closed-End Funds, Capmark Financial Corporation, Duke Realty Corporation, KKR Financial Corporation and Ripplewood Holdings. He is also a Director or Trustee of the Economic Club of New York, Tax Foundation, Resources for the Future, Manhattan Council and Fifth Avenue Presbyterian Church, New York, and a member of the Advisory Board of the National Center on Addiction and Substance Abuse... Director of MetLife and Metropolitan Life Insurance Company since February 2007."[4]
[edit] Inside Job
Hubbard was interviewed in Charles Ferguson's Oscar-winning documentary film, Inside Job (2010), discussing his advocacy, as chief economic advisor to the Bush Administration, of deregulation, which Ferguson argues led to the 2008 international banking crisis sparked by the collapse of Lehman Brothers and the sale of Merrill Lynch. In the interview, Ferguson asks Hubbard to enumerate the firms from whom he receives outside income as an advisory board member in the context of possible conflict of interest. Hubbard, hitherto cooperative, declines to answer and threatens to end the interview.[9] After the release of the film, Columbia ramped up ongoing efforts to strengthen and clarify their conflict of interest disclosure requirements.[10] Columbia Business School professor Michael Feiner, a member of the faculty committee of Columbia’s Sanford C. Bernstein and Co. Center for Leadership and Ethics, has recommended that the film be shown to all business school students. [10]
[edit] References
- ^ "Directors and Corporate Officers". ADP : Automatic Data Processing, Inc.. http://www.investquest.com/iq/a/adp/mgt/adpmgt.htm. Retrieved 2008-12-15.
- ^ "BlackRock Corporate High Yield Fund III Inc (CYE.N) Officers". Reuters. http://www.reuters.com/finance/stocks/officerProfile?symbol=CYE.N&officerId=1070932. Retrieved 2008-12-15.
- ^ "dukerealty.com - Investor Relations - Management". Duke Realty. http://investor.dukerealty.com/phoenix.zhtml?c=60691&p=irol-govBoar. Retrieved 2008-12-15.
- ^ a b c "Director - R. Glenn Hubbard". Metlife. http://www.metlife.com/Applications/Corporate/WPS/CDA/PageGenerator/0,4132,P14649,00.html. Retrieved 2008-12-15. "R. Glenn Hubbard, Ph.D., age 50, has been the Dean of the Graduate School of Business at Columbia University since 2004 and the Russell L. Carson Professor of Finance and Economics since 1994. Dr. Hubbard has been a professor of the Graduate School of Business at Columbia University since 1988. He is also a visiting scholar and Director of the Tax Policy Program for the American Enterprise Institute, and was a member of the Panel of Economic Advisers for the Congressional Budget Office from 2004 to 2006. From 2001 to 2003, Dr. Hubbard served as Chairman of the U.S. Council of Economic Advisers and as Chairman of the Economic Policy Committee of the Organization for Economic Cooperation and Development. Dr. Hubbard is a member of the Board of Directors of Automatic Data Processing, Inc., BlackRock Closed-End Funds, Capmark Financial Corporation, Duke Realty Corporation, KKR Financial Corporation and Ripplewood Holdings. He is also a Director or Trustee of the Economic Club of New York, Tax Foundation, Resources for the Future, Manhattan Council and Fifth Avenue Presbyterian Church, New York, and a member of the Advisory Board of the National Center on Addiction and Substance Abuse... Director of MetLife and Metropolitan Life Insurance Company since February 2007."
- ^ "Professor R. Glenn Hubbard Appointed Dean of Columbia Business School". Columbia University. http://www.columbia.edu/cu/news/04/04/cbs_dean.html. Retrieved 2008-12-15.
- ^ Glater, Jonathan D. (April 1, 2004). "Former Bush Aide Will Lead Columbia Business School". New York Times. http://query.nytimes.com/gst/fullpage.html?res=9C00E0D61439F932A35757C0A9629C8B63. Retrieved 2008-12-15.
- ^ a b American Enterprise Institute, R. Glenn Hubbard
- ^ a b Andrews, Edmund L.; David Leonhardt, Eduardo Porter, and Louis Uchitelle (October 26, 2005). "At the Fed, an Unknown Became a Safe Choice". New York Times. http://www.nytimes.com/2005/10/26/business/26fed.html. Retrieved 2008-12-15.
- ^ Transcript excerpt on "A Searing Look At Wall Street In 'Inside Job', Charles Ferguson interviewed by Melissa Block", which aired October 1, 2010 on NPR's All Things Considered. During the program, Ferguson explained to Ms. Block, "Well, the entire interview was fairly contentious, as you can imagine. It surprised me somewhat to realize that these people were not used to being challenged, that they'd never been questioned about this issue before. They clearly expected to be deferred to by me and I think by everybody."
- ^ a b "‘Inside Job’ prompts new look at conflict of interest policy," published April 13, 2011, in the Columbia Spectator.
Link to footnote 4 (MetLife page) http://edgar.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6515274-32976-53380&SessionID=MsKjHHC7QJMP2s7
[edit] External links
- Faculty page at Columbia University
- Scholar page at the American Enterprise Institute
- Election Central Guide to 2008
- Inside Job -- Documentary Site at Sony.com
- Personal Website and Archive
| Government offices | ||
|---|---|---|
| Preceded by Martin Neil Baily |
Chairman of the Council of Economic Advisers 2001-2003 |
Succeeded by N. Gregory Mankiw |
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- 1958 births
- Living people
- American economists
- American academics
- University of Central Florida alumni
- Columbia University faculty
- Harvard University alumni
- People from Florida
- World Bank
- United States Council of Economic Advisers
- George W. Bush Administration personnel
- National Bureau of Economic Research
- Supply-side economists
