Paul McCracken (economist) facts for kids
Quick facts for kids
Paul McCracken
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| 8th Chair of the Council of Economic Advisers | |
| In office February 4, 1969 – December 31, 1971 |
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| President | Richard Nixon |
| Preceded by | Art Okun |
| Succeeded by | Herbert Stein |
| Personal details | |
| Born |
Paul Winston McCracken
December 29, 1915 Richland, Iowa, U.S. |
| Died | August 3, 2012 (aged 96) Ann Arbor, Michigan, U.S. |
| Political party | Republican |
| Spouse | Emily Siler (1942–2005) |
| Education | William Penn University (BA) Harvard University (MA, PhD) |
Paul Winston McCracken (born December 29, 1915 – died August 3, 2012) was an important American economist. He was born in Richland, Iowa. He is best known for helping President Richard Nixon make big decisions about the country's economy.
Contents
Paul McCracken's Early Life and Studies
Paul McCracken studied economics at two different universities. He earned a Bachelor of Arts (BA) degree from William Penn University. Later, he went to Harvard University, where he earned both his Master of Arts (MA) and Doctor of Philosophy (PhD) degrees in economics. A PhD is a very high academic degree.
A Professor at the University of Michigan
After his studies, Paul McCracken became a respected professor. He taught business administration, economics, and public policy at the University of Michigan. He was known as the Edmund Ezra Day Distinguished University Professor Emeritus. This means he was a highly honored professor who had retired.
Helping the President with the Economy
One of Paul McCracken's most important jobs was working for the United States government. From 1969 to 1971, he was the chairman of the President's Council of Economic Advisors. This council is a group of experts who give advice to the President about the economy.
Leading Economic Policy
As chairman, Paul McCracken played a key role in shaping the economic plans for President Richard Nixon's administration. He helped develop important policies right when Nixon became president. His job was to help make sure the country's economy was strong and stable.
Other Important Roles
Paul McCracken was also recognized by other important groups. In 1976, he was chosen as a Fellow of the American Statistical Association. This is an honor given to people who have made big contributions to the field of statistics.
Work with Think Tanks
He also led the Council of Academic Advisors for the American Enterprise Institute. This institute is a "think tank" that studies public policy. He even served as its temporary president in 1986.
Later Life
Paul McCracken lived a long and impactful life. He passed away on August 3, 2012, when he was 96 years old.
See also
In Spanish: Paul McCracken para niños
