Murray Weidenbaum facts for kids

Murray Lew Weidenbaum (born February 10, 1927 – died March 20, 2014) was an American economist. An economist is a person who studies how money, goods, and services are made, shared, and used. Weidenbaum was a respected professor and advisor to U.S. presidents.

He taught at Washington University in St. Louis for many years. He also led a special center there that focused on the economy and government.

Who Was Murray Weidenbaum?

Murray Weidenbaum was a smart and influential economist. He helped shape economic policy in the United States. He worked for two different presidents. He also spent a lot of his life teaching and writing about economics.

Early Life and Education

Murray Weidenbaum was born in Bronx, New York City, on February 10, 1927. He loved to learn and went to several top universities. He earned his first degree from the City College of New York. Later, he received a master's degree from Columbia University. He then completed his highest degree, a Ph.D., at Princeton University. This strong education prepared him for his important career.

A Career in Economics

After finishing his studies, Weidenbaum began his career as an economist. He was known for his deep understanding of how the economy works. He often shared his knowledge with others. He worked in both government and academic roles.

Helping the Government

From 1969 to 1971, Murray Weidenbaum worked for President Richard Nixon. He was the Assistant Secretary of the Treasury for Economic Policy. In this role, he helped the government make decisions about money and the economy. He advised on important financial matters.

Advising President Reagan

Later, from 1981 to 1982, Weidenbaum served President Ronald Reagan. He was the chairman of Reagan's first Council of Economic Advisers. This council is a group of experts who give the president advice on economic issues. Weidenbaum played a key role in guiding the nation's economy during this time.

Later Career and Legacy

After his time in government, Murray Weidenbaum returned to teaching. He became a distinguished professor at Washington University in St. Louis. He was also the honorary chairman of a center named after him. This center studies the economy, government, and public policy. Weidenbaum passed away on March 20, 2014, at the age of 87. He left behind a legacy of important work in economics and public service.