GREENSPAN, ALAN


GREENSPAN, ALAN
GREENSPAN, ALAN (1926– ), U.S. economist. Born in New York City, Greenspan received a B.S. in economics (summa cum laude) in 1948, an M.A. in economics in 1950, and a Ph.D. in economics in 1977, all from New York University. For many years Greenspan headed an independent economic consulting firm in New York, mainly for major corporations   and institutions, including the United States Tresury and the Board of Governors of the Feeral Reserve System. He also served as a senior adviser to the Brookings Institution Panel on Economic Activity. In 1974 he was appointed by President Nixon to succeed Herbert Stein as chairman of the President's Council of Economic Advisers. He was chairman of the National Commission on Social Security Reform from 1981 to 1983. He also served as a member of President Reagan's Economic Policy Advisory Board, a member of Time magazine's Board of Economists, and a consultant to the Congressional Budget Office. Greenspan was known for his conservative economic views, which he developed partly under the influence of Ayn Rand. (Joachim O. Ronall) Greenspan also served as a corporate director for Aluminum Company of America (Alcoa); Automatic Data Processing, Inc.; Capital Cities/ABC, Inc; General Foods, Inc; J.P. Morgan & Co, Inc; Morgan Guaranty Trust Company of New York; Mobil Corporation; and The Pittston Company. In 1987 he was nominated to the position of chairman of the Federal Reserve Board. Given the U.S.'s large budget deficit, which prevented the presidential and legislative arms of the administration from effectively utilizing tax and spending policies to influence the economy, this made him the most important economic policy-maker in the government, since he was able to exert a considerable influence over interest rates by controlling the money supply. Declaring his intention to "try to maintain the maximum sustainable long-term economic growth that is possible," he presided over a period of slow but steady economic growth until the summer of 1990, at which time recession hit the American economy. Despite critics' complaints that he first retarded economic expansion by keeping interest rates too high and then moved too slowly to end the recession, he was nominated to a second term by President George Bush in August 1991, and shortly thereafter he was also confirmed to his first full fourteen-year term on the Federal Reserve Board. In 1996 his third four-year term was confirmed. In 2004 he took office for a fifth term. Greenspan also served as chairman of the Conference of Business Economists; president and fellow of the National Association of Business Economists; and director of the National Economists Club. He received the Thomas Jefferson Award for the greatest public service performed by an elected or appointed official, presented by the American Institute for Public Service (1976); was elected a fellow of the American Statistical Association (1989); was decorated Legion of Honor (Commander) France (2000); was made honorary Knight Commander of the British Empire (2002); and was the first recipient of the Gerald R. Ford Medal for Distinguished Public Service (2003). Among Greenspan's publications are Income Inequality: Issues and Policy Options (1998), Changing Capital Markets: Implications for Monetary Policy (2001), and Achieving Price Stability (2001). (Rohan Saxena and Ruth Beloff (2nd ed.) -ADD. BIBLIOGRAPHY: B. Woodward, Maestro: Greenspan's Fed and the American Boom (2000); J. Martin, Greenspan: The Man behind Money (2000); D. Jones, The Politics of Money: The Fed under Alan Greenspan (1991).

Encyclopedia Judaica. 1971.

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  • Greenspan, Alan — born March 6, 1926, New York, N.Y. U.S. economist and chairman of the board of the Federal Reserve System. He grew up an only child and initially wanted to be a professional musician. He received his doctorate from New York University in 1977.… …   Universalium

  • Greenspan, Alan — (n. 6 mar. 1926, Nueva York, N.Y., EE.UU.). Economista estadounidense y presidente de la Junta de Gobernadores del Sistema de la Reserva Federal. Fue hijo único e inicialmente quería ser músico profesional. Obtuvo su doctorado en la Universidad… …   Enciclopedia Universal

  • Greenspan,Alan — Green·span (grēnʹspăn ), Alan. Born 1926. American economist who was appointed chairman of the board of governors of the Federal Reserve System in 1987. * * * …   Universalium

  • Alan Greenspan — Alan Greenspan. Alan Greenspan (nacido en Nueva York el 6 de marzo de 1926) es un economista estadounidense que fue presidente de la Reserva Federal de EE.UU. entre 1987 y 2006. Obtuvo la licenciatura en economía en 1948, la maestría en economía… …   Wikipedia Español

  • Alan — alán (ant.) m. *Perro alano. * * * alán. m. desus. perro alano. * * * (as used in expressions) Alanbrooke (de Brookeborough), Alan Francis Brooke, 1 vizconde Arthur, Chester A(lan) Ayckbourn, Sir Alan Bennett, Alan Dershowitz, Alan (Morton) …   Enciclopedia Universal

  • Alan Greenspan — Infobox President | name =Alan Greenspan nationality = American imagesize =176px order =13th Chairman of the Federal Reserve term start =August 11, 1987 term end =January 31, 2006 president =Ronald Reagan George H. W. Bush Bill Clinton George W.… …   Wikipedia

  • Alan — /al euhn/, n. a male given name: from a Celtic word meaning harmony. * * * (as used in expressions) Arthur Chester Alan Ayckbourn Sir Alan Bennett Alan Dershowitz Alan Morton Greenspan Alan Hazeltine Louis Alan Heeger Alan J. Hovhaness Alan Alan… …   Universalium

  • Alan Greenspan — (2002) Alan Greenspan, KBE (* 6. März 1926 in New York) ist ein US amerikanischer Wirtschaftswissenschaftler. Er war vom 11. August 1987 bis zum 31. Januar 2006 Vorsitzender der US Notenbank (Federal Reserve System) …   Deutsch Wikipedia

  • Alan Greenspan — Naissance 6 mars 1926 New York (États Unis) Nationalité Américaine Champs Économie Institution …   Wikipédia en Français

  • Alan Greenspan — (nacido en Nueva York el 6 de marzo de 1926) es un economista estadounidense y el presidente de la Reserva Federal de EE.UU. Sacó bachiller en economía en 1948, la maestría en economía en 1950 y su doctorado en economía en 1977 todos de la… …   Enciclopedia Universal