Professor Sir Alan Arthur Walters (June 17, 1926) is a British economist, best known as the former Chief Economic Adviser to Prime Minister Margaret Thatcher from 1981 to 1984 and again in 1989 after he had returned from America. is the 168th day of the year (169th in leap years) in the Gregorian calendar. ... Year 1926 (MCMXXVI) was a common year starting on Friday (link will display the full calendar) of the Gregorian calendar. ... A prime minister is the most senior minister of a cabinet in the executive branch of government in a parliamentary system. ... Margaret Hilda Thatcher, Baroness Thatcher, LG, OM, PC (born October 13, 1925), former Prime Minister of the United Kingdom, in office from 1979 to 1990. ...

After serving in the British Army, Walters obtained a bachelor's degree from the University of London External Programme.^[1] The University of London External Programme is an external degree granting portion of the University of London, and has existed since 1858. ...

While a professor of econometrics and statistics at the University of Birmingham in the early 1960's, he was one of the first British economists to argue that money was "of considerable importance" to economic activity, a view that became more widespread during "the Great Inflation" of the 1970s.^[1] He argued forcefully that Britain should maintain strict monetary targets, and that the money supply should not be manipulated for political reasons.

After a tenure as a professor at the London School of Economics from 1967 to 1976, where he was Sir Ernest Cassel Professor of Economics, Walters became an economic adviser to the World Bank and a lecturer at the Johns Hopkins University. In 1980 he was tapped to become an economic adviser to Margaret Thatcher, and left in 1984.

Although he returned to advise Thatcher in 1989, his differences with the policies of the Chancellor of the Exchequer, Nigel Lawson, led to the resignation of both men in 1989. The Chancellor of the Exchequer is the title held by the British Cabinet minister responsible for all economic and financial matters. ... Nigel Lawson, Baron Lawson of Blaby, PC (born March 11, 1932), was a British politician, Chancellor of the Exchequer between June 1983 and October 1989. ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ...

Walters is currently Vice Chairman and Director of AIG Trading Group, Inc.

Notes

1. ^ ^{a b} Isadore Barmash. "Johns Hopkins Lecturer Named Thatcher Adviser", New York Times, October 6, 1980, Business & Finance, Page D2 [1]

References

• WALTERS, Sir Alan Arthur International Who's Who. accessed September 1, 2006.