Albert Rees: Difference between revisions
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| institutions = [[Princeton University|Princeton]]<br/>[[University of Chicago]]<ref name="Obit" /> |
| institutions = [[Princeton University|Princeton]]<br/>[[University of Chicago]]<ref name="Obit" /> |
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| school_tradition = [[Chicago school of economics]]<ref name="chicagoschool"/> |
| school_tradition = [[Chicago school of economics]]<ref name="chicagoschool"/> |
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| awards = [[American Academy of Arts and Sciences]]<ref name="americanacademy">{{cite web|url=https://www.amacad.org/multimedia/pdfs/publications/bookofmembers/ChapterR.pdf|title=American Academy of Arts and Sciences Fellows}}</ref><br/>[[Guggenheim Fellowship|Guggenheim]]<ref name="guggenheim">{{cite web|url=http://www.gf.org/fellows/results?query=&lower_bound=1969&upper_bound=1969&competition=ALL&fellowship_category=ALL&x=17&y=9|title=Guggenheim Fellows}}</ref> |
| awards = [[American Academy of Arts and Sciences]]<ref name="americanacademy">{{cite web|url=https://www.amacad.org/multimedia/pdfs/publications/bookofmembers/ChapterR.pdf|title=American Academy of Arts and Sciences Fellows}}</ref><br/>[[Guggenheim Fellowship|Guggenheim]]<ref name="guggenheim">{{cite web|url=http://www.gf.org/fellows/results?query=&lower_bound=1969&upper_bound=1969&competition=ALL&fellowship_category=ALL&x=17&y=9 |title=Guggenheim Fellows |deadurl=yes |archiveurl=https://web.archive.org/web/20120819042852/http://www.gf.org/fellows/results?query=&lower_bound=1969&upper_bound=1969&competition=ALL&fellowship_category=ALL&x=17&y=9 |archivedate=2012-08-19 }}</ref> |
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== Council on Wage and Price Stability == |
== Council on Wage and Price Stability == |
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{{anchor|Council_on_Wage_and_Price_Stability}} |
{{anchor|Council_on_Wage_and_Price_Stability}} |
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The '''Council on Wage and Price Stability''' (COWPS or CWPS) Act was signed into law by [[President Ford]] in 1974,<ref name=":1" /><ref name=":2" /> with Rees as the new agency's first head.<ref name="Obit" /> It replaced the formal [[price controls]] from the [[Nixon administration]] authorized under its precursor, the [[Economic Stabilization Act of 1970]] and its related agency, the [[Pay Board and Price Commission]]. The council continued under [[President Carter]]<ref name=":1">{{Cite web|title = The Legacy of the Council on Wage and Price Stability {{!}} Mercatus|url = http://mercatus.org/publication/legacy-council-wage-and-price-stability|website = mercatus.org|accessdate = 2015-12-23}}</ref><ref name=":2">{{Cite web|title = Wage and Price Controls Facts, information, pictures {{!}} Encyclopedia.com articles about Wage and Price Controls|url = http://www.encyclopedia.com/topic/Wage_and_Price_Controls.aspx|website = www.encyclopedia.com|accessdate = 2015-12-23}}</ref> (with [[Alfred E. Kahn]] replacing Rees as its head under the new administration<ref name=infczar>{{Cite web|url |
The '''Council on Wage and Price Stability''' (COWPS or CWPS) Act was signed into law by [[President Ford]] in 1974,<ref name=":1" /><ref name=":2" /> with Rees as the new agency's first head.<ref name="Obit" /> It replaced the formal [[price controls]] from the [[Nixon administration]] authorized under its precursor, the [[Economic Stabilization Act of 1970]] and its related agency, the [[Pay Board and Price Commission]]. The council continued under [[President Carter]]<ref name=":1">{{Cite web|title = The Legacy of the Council on Wage and Price Stability {{!}} Mercatus|url = http://mercatus.org/publication/legacy-council-wage-and-price-stability|website = mercatus.org|accessdate = 2015-12-23}}</ref><ref name=":2">{{Cite web|title = Wage and Price Controls Facts, information, pictures {{!}} Encyclopedia.com articles about Wage and Price Controls|url = http://www.encyclopedia.com/topic/Wage_and_Price_Controls.aspx|website = www.encyclopedia.com|accessdate = 2015-12-23}}</ref> (with [[Alfred E. Kahn]] replacing Rees as its head under the new administration<ref name=infczar>{{Cite web|url=http://ecommons.library.cornell.edu/bitstream/1813/5350/3/014_35.pdf |title='Inflation Czar' will take apart his title |date=1983-07-14 |accessdate=2008-03-25 |website=Cornell Cronicle |publisher=Cornell University |last= |first= |deadurl=yes |archiveurl=https://web.archive.org/web/20111001215528/http://ecommons.library.cornell.edu/bitstream/1813/5350/3/014_35.pdf |archivedate=2011-10-01 }}</ref>). When [[Ronald Reagan|Reagan]] took office in 1981, CWPS economists moved to the newly formed [[Office of Information and Regulatory Affairs]].<ref name=":1" /> Some labor and economic regulator responsibilities merged back into their historic homes with the [[National Labor Relations Board]] and the [[Council of Economic Advisors]].<ref name=":2" /> |
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== Selected publications == |
== Selected publications == |
Revision as of 02:13, 30 June 2017
Albert E. Rees | |
---|---|
Born | [2] | August 21, 1921
Died | September 5, 1992[1] | (aged 71)
Nationality | United States |
Academic career | |
Field | Labor economics[1] |
Institutions | Princeton University of Chicago[1] |
School or tradition | Chicago school of economics[2] |
Doctoral advisor | Frederick H. Harbison H. Gregg Lewis |
Doctoral students | Walter Oi Orley Ashenfelter Ronald Oaxaca |
Other notable students | James Heckman[3] |
Awards | American Academy of Arts and Sciences[4] Guggenheim[5] |
CoWPS | |
Agency overview | |
---|---|
Formed | 1974[10] |
Preceding agency | |
Dissolved | 1981[10] |
Superseding agencies | |
Headquarters | Washington, D.C. |
Agency executives |
|
Parent agency | Executive Office of the President |
Albert E. Rees (August 21, 1921 – September 5, 1992) was an American economist[1] and noted author.[2][1][8] An influential labor economist, Rees taught at Princeton University from 1966 to 1979, while also being an advisor to President Gerald Ford. He was also a former Provost of Princeton and former president of the Alfred P. Sloan Foundation.[1] He was also the first head of the Council on Wage and Price Stability, a short-lived federal agency.[1][10]
Discussion
Born in New York City, Rees earned his bachelor's degree from Oberlin College in 1943. He later received his master's degree and his doctorate in economics from the University of Chicago.[2] After obtaining his Ph.D. in 1950,[6] he would go on to chair the economics department at Chicago from 1962-1966 before moving to Princeton as economics chair there. He would later co-author a landmark labor study with George P. Shultz.[1][7] Another notable book, The Economics of Work and Pay, remained in print for two decades over at least six editions at Harper Collins.[8][9][13] Notable doctoral students at Princeton would include the future Nobel Laureate James Heckman.[3] He won many awards, including a Guggenheim Fellowship[5] in 1969 and election to the American Academy of Arts and Sciences in 1971.[4] Rees died on September 5, 1992, at University Medical Center of Princeton.[1]
Since 1997, Princeton University awards the “Albert Rees Prize” for an outstanding dissertation in labor economics.[14] Oberlin College has also established multiple Albert Rees prizes, including a Fellowship and an Assistantship.[15][16]
Duke University Libraries has a special collection with his papers.[17] Additional special collections at George Mason University Libraries and the Ford Presidential Library house archives for the Council on Wage and Price Stability,[18][19] of which he was the founding director.[1][20][21]
Council on Wage and Price Stability
The Council on Wage and Price Stability (COWPS or CWPS) Act was signed into law by President Ford in 1974,[10][11] with Rees as the new agency's first head.[1] It replaced the formal price controls from the Nixon administration authorized under its precursor, the Economic Stabilization Act of 1970 and its related agency, the Pay Board and Price Commission. The council continued under President Carter[10][11] (with Alfred E. Kahn replacing Rees as its head under the new administration[12]). When Reagan took office in 1981, CWPS economists moved to the newly formed Office of Information and Regulatory Affairs.[10] Some labor and economic regulator responsibilities merged back into their historic homes with the National Labor Relations Board and the Council of Economic Advisors.[11]
Selected publications
- Rees, Albert (1973-06-01). Economics of Work and Pay (1 ed.). New York: Joanna Cotler Books. ISBN 9780060453534.
- The Economics of Work and Pay (6 ed.). New York: Harpercollins College Div. 1996-06-01. ISBN 9780673994745.
- Rees, Albert; Shultz, George (1970). Workers and wages in an urban labor market. Chicago: University of Chicago Press. ISBN 0226707059. OCLC 121075.
- Rees, Albert (1984). Striking a Balance: Making National Economic Policy. Chicago: University of Chicago Press. ISBN 978-0226707075.
- Rees, Albert (1962). The Economics of Trade Unions. Chicago: University of Chicago Press. ISBN 978-0720202632.
Archives
- "Guide to the Albert Rees Papers, 1966-1992 and undated". David M. Rubenstein Rare Book & Manuscript Library. Retrieved 2015-12-11.
- "Council on Wage & Price Stability — A Project of the Mercatus Center at George Mason University". cowps.mercatus.org. Retrieved 2015-12-23.
- "Ron Nessen Papers at Ford Presidential Library" (PDF). Ford Presidential Library. Ford Presidential Library. Retrieved 2015-12-23.
See also
- List of Guggenheim Fellowships awarded in 1969
- List of Princeton University people (government)
- List of Princeton University people
- List of University of Chicago faculty
- List of University of Chicago alumni
- List of Oberlin College and Conservatory people
External links
- Albert Rees Collection at Duke University
- Council on Wage and Price Stability Archive at George Mason University
References
- ^ a b c d e f g h i j k l m n o p q r s "Albert Rees, 71, Labor Economist And an Adviser to President Ford". New York Times. September 7, 1992.
- ^ a b c d e f "Albert Rees and the 'Chicago School of Economics'" (PDF).
- ^ a b van Overtveldt, Johan (2009). The Chicago School: How the University of Chicago Assembled the Thinkers Who Revolutionized Economics and Business. New York: Agate. p. 132. ISBN 1932841199.
- ^ a b "American Academy of Arts and Sciences Fellows" (PDF).
- ^ a b "Guggenheim Fellows". Archived from the original on 2012-08-19.
{{cite web}}
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ignored (|url-status=
suggested) (help) - ^ a b c Rees, Albert (1950). The effect of collective bargaining on wage and price levels in the basic steel and bituminous coal industries, 1945-1948. Chicago: University of Chicago. OCLC 31280726.
- ^ a b Rees, Albert; Shultz, George (1970). Workers and wages in an urban labor market. Chicago: University of Chicago Press. ISBN 0226707059. OCLC 121075.
- ^ a b c "Rees, Albert | Industrial Relations Section". www.irs.princeton.edu. Retrieved 2015-12-23.
- ^ a b The Economics of Work and Pay (6 Sub ed.). New York: Harpercollins College Div. 1996-06-01. ISBN 9780673994745.
- ^ a b c d e f g h "The Legacy of the Council on Wage and Price Stability | Mercatus". mercatus.org. Retrieved 2015-12-23.
- ^ a b c d e f "Wage and Price Controls Facts, information, pictures | Encyclopedia.com articles about Wage and Price Controls". www.encyclopedia.com. Retrieved 2015-12-23.
- ^ a b "'Inflation Czar' will take apart his title" (PDF). Cornell Cronicle. Cornell University. 1983-07-14. Archived from the original (PDF) on 2011-10-01. Retrieved 2008-03-25.
{{cite web}}
: Unknown parameter|deadurl=
ignored (|url-status=
suggested) (help) - ^ Rees, Albert (1973-06-01). Economics of Work and Pay. New York: Joanna Cotler Books. ISBN 9780060453534.
- ^ "Albert Rees Prize for the Outstanding Princeton Ph.D." Retrieved 18 January 2016.
- ^ "Department Awards 2013-14". Retrieved 18 January 2016.
- ^ "Oberlin College News & Features". Retrieved 18 January 2016.
- ^ "Guide to the Albert Rees Papers, 1966-1992 and undated". David M. Rubenstein Rare Book & Manuscript Library. Retrieved 2015-12-11.
- ^ "Council on Wage & Price Stability — A Project of the Mercatus Center at George Mason University". cowps.mercatus.org. Retrieved 2015-12-23.
- ^ "Ron Nessen Papers at Ford Presidential Library" (PDF). Ford Presidential Library. Ford Presidential Library. Retrieved 2015-12-23.
- ^ Hopkins, Thomas; Stanley, Laura (2015-06-01). "The Council on Wage and Price Stability: A Retrospective". Journal of Benefit-Cost Analysis. 6 (2): 400–431. doi:10.1017/bca.2015.41. ISSN 2152-2812. OCLC 5909383952.
- ^ "Letter from Albert Rees to Paul E. Tsongas". Newspapers.com. Lowell,MA: Lowell Sun. 1975-06-27. p. 3. Retrieved 2015-12-23.
- 1921 births
- 1992 deaths
- American economists
- Academic administrators
- People from New York City
- Oberlin College alumni
- University of Chicago alumni
- Princeton University faculty
- People from New Jersey
- People from Chicago
- University of Chicago faculty
- Chicago School economists
- Alfred P. Sloan Foundation
- United States presidential advisors
- Ford administration personnel
- Guggenheim Fellows
- American nonprofit chief executives
- New Jersey Republicans
- American people of Welsh descent
- Labor economists
- Duke University
- George P. Shultz
- American economics writers
- George Mason University
- Heads of United States federal agencies
- Fellows of the American Academy of Arts and Sciences