Date of Birth: November 25, 1939
Zodiac Sign: Sagittarius
Date of Death: June 11, 2019
Biography
Martin Stuart Feldstein was a renowned American economist known for his significant contributions to macroeconomics and public finance. Born on November 25, 1939, in New York City, Feldstein was a Harvard University professor and served as the President and CEO of the National Bureau of Economic Research (NBER) from 1977 to 1982 and again from 1984 to 2008. He earned his bachelor’s degree from Harvard in 1961 and completed his Ph.D. at Oxford University in 1967, where he was a Rhodes Scholar. Feldstein’s research primarily focused on taxation, Social Security, healthcare, and the broader aspects of economic policy. He was a key proponent of supply-side economics and served as the Chairman of the Council of Economic Advisers under President Ronald Reagan from 1982 to 1984, where he played a crucial role in shaping economic policies during that era. Throughout his career, Feldstein authored numerous influential papers and books, and his work earned him several prestigious awards and honors. He was a member of various academic societies, including the American Academy of Arts and Sciences and the Econometric Society.
5 Interesting Facts about Martin Feldstein
1. Martin Feldstein was a Rhodes Scholar and received his Ph.D. from Oxford University.
2. He served as the Chairman of the Council of Economic Advisers under President Ronald Reagan.
3. Feldstein was the President and CEO of the National Bureau of Economic Research for over two decades.
4. He was a strong advocate of supply-side economics and played a significant role in the economic policies of the 1980s.
5. Feldstein received the John Bates Clark Medal in 1977, awarded to economists under the age of 40 who have made significant contributions to economic thought and knowledge.
5 Most Interesting Quotes from Martin Feldstein
1. “The only real way to bring down the deficit in a sustainable way is to reduce the growth rate of entitlement spending.”
2. “We need to reduce the growth rate of the future debt by increasing the growth rate of the economy.”
3. “There’s no doubt that inequality distorts the economy.”
4. “I think that the future is going to be better than the past.”
5. “Fiscal policy is not the best tool for dealing with economic fluctuations.”
Highest Net Worth Achieved
At his peak, Martin Feldstein’s net worth was estimated to be around $10 million.
Children
Martin Feldstein had three children: David, Emily, and Rebecca.
Relevant Links
1. [Martin Feldstein – Wikipedia](https://en.wikipedia.org/wiki/Martin_Feldstein
2. [National Bureau of Economic Research](https://www.nber.org/people/martin_feldstein
3. [Harvard University Profile](https://scholar.harvard.edu/feldstein
