Martin Stuart Feldstein (born November 25, 1939) is an American economist. He is currently the George F. Baker Professor of Economics at Harvard University, and the president and CEO of the National Bureau of Economic Research (NBER). From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan (where his deficit hawk views clashed with Reagan administration economic policies). November 25 is the 329th (in leap years the 330th) day of the year in the Gregorian calendar. ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ... Face-to-face trading interactions among on the New York Stock Exchange trading floor Economics, as a social science, studies the production, distribution, and consumption of commodities. ... A professor giving a lecture The meaning of the word professor (Latin: one who claims publicly to be an expert) varies. ... Harvard University (incorporated as The President and Fellows of Harvard College) is a private university in Cambridge, Massachusetts. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan research organization dedicated to studying the science and empirics of economics, especially the American economy. ... 1982 (MCMLXXXII) was a common year starting on Friday of the Gregorian calendar. ... 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... The Council of Economic Advisers (CEA) is a group of economists set up to advise the President of the United States. ... Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was the 40th President of the United States (1981–1989) and the 33rd Governor of California (1967–1975). ... Deficit hawk is an American political slang term for those who place great emphasis on keeping the federal budget under control, and deficits low. ...

Feldstein was born in New York City. He graduated from South Side High School in Rockville Centre, New York. He completed his undergraduate education at Harvard (B.A., Summa Cum Laude, 1961) and then attended Oxford University (B.Litt., 1963; D.Phil., 1967). In 1977, he received the John Bates Clark Medal of the American Economic Association, a prize awarded every two years to the economist under the age of 40 who is judged to have made the greatest contribution to economic science. He is the author of more than 300 research articles in economics and is known primarily for his work on macroeconomics and public finance. He has pioneered much of the research on the working mechanism and sustainability of public pension systems. Feldstein is an avid advocate of Social Security reform and has been a main driving force behind President Bush's initiative of partial privatization of the Social Security. Aside from his contributions to the field of public sector economics, he has also authored other important macroeconomics papers. One of his more well-known papers in this field was his influential investigation with Charles Horioka have investment behavior in countries. He and Horioka found that in the long run, capital tends to stay in its home country--that is to say, a nation's savings is used to fund its investment opportunities. Nickname: Big Apple, City that never Sleeps Location in the state of New York Coordinates: Country United States State New York Boroughs Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Area    - City 1,214. ... A Bachelor of Arts (B.A. or A.B.) is an undergraduate academic degree awarded for a course or program in the arts and/or sciences. ... Latin honors are Latin phrases used to indicate the level of academic distinction with which an academic degree was earned. ... 1961 (MCMLXI) was a common year starting on Sunday (the link is to a full 1961 calendar). ... The University of Oxford, located in the city of Oxford in England, is the oldest university in the English-speaking world. ... 1963 (MCMLXIII) was a common year starting on Tuesday (the link is to a full 1963 calendar). ... Doctor of Philosophy (Ph. ... 1967 (MCMLXVII) was a common year starting on Sunday of the Gregorian calendar (the link is to a full 1967 calendar). ... For the album by Ash, see 1977 (album). ... The John Bates Clark Medal is awarded biannually by the American Economic Association to that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge. Named after the American Neoclassical economist John Bates Clark (1847-1938), it is considered... Face-to-face trading interactions among on the New York Stock Exchange trading floor Economics, as a social science, studies the production, distribution, and consumption of commodities. ... Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of the sum of individual economic decisions. ... Public finance (government finance) is the field of economics that deals with budgeting the revenues and expenditures of a public sector entity, usually government. ... The examples and perspective in this article or section may not represent a worldwide view. ... This article concerns proposals to change the Social Security system in the United States. ... Social Security, in the United States, refers to the Federal Old-Age, Survivors, and Disability Insurance (OASDI) program. ...

In 2005, Feldstein was widely considered a leading candidate to succeed chairman Alan Greenspan as Chairman of the Federal Reserve Board. This was in part due to his prominence in the Reagan administration and his position as an economic advisor for the Bush presidential campaign. The New York Times wrote an editorial advocating that Bush choose either Feldstein or Ben Bernanke due to their credentials, and the week of the nomination The Economist predicted that the two men had the greatest probability of selection out of the field of candidates.^[1] Ultimately, the position went to Bernanke, in part because Feldstein was a board member of AIG, which announced the same year that it would restate five years of past financial reports by $2.7 billion. Although Feldstein was not linked to the accounting practices in question, he had served as a Director of AIG since 1988, and Bush was seen as wanting to avoid a confirmation battle.^[2] Alan Greenspan, the thirteenth Federal Reserve Chairman Alan Greenspan (born March 6, 1926) is an American economist and was Chairman of the Board of Governors of the Federal Reserve of the United States from 1987 to 2006. ... The Chairman of the Board of Governors of the United States Federal Reserve is the leader of the central bank of the United States and one of the most important players in American economic policies. ... The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... Ben Bernanke Ben Shalom Bernanke (born December 13, 1953) (pronounced ber-NAN-kee, bər-nan-kē or ), an American macroeconomist, is the Chairman of the Board of Governors of the United States Federal Reserve (the Fed). He was previously Chairman of the U.S. Presidents Council of Economic... The Economist is a weekly news and international affairs publication of The Economist Newspaper Ltd edited in London, UK. It has been in continuous publication since September 1843. ... American International Group, Inc. ...

A well-known figure on the Harvard campus, Feldstein taught the introductory economics class "Social Analysis 10: Principles of Economics" (referred to as "Ec10" by Harvard students) for twenty years. His course was routinely the largest class at Harvard, despite accusations of being ideologically slanted. He currently teaches courses in American economic policy and public sector economics at Harvard College. Harvard University is a private university in Cambridge, Massachusetts, USA, and a member of the Ivy League. ...

Ultimately, Feldstein may have made one of his greatest impacts through the remarkable concentration of his students in top echelons of government and academia. These include: Lawrence H. Summers, Harvard president and former US Treasury secretary; David Ellwood, dean of Harvard's Kennedy School of Government; and James Poterba, MIT professor and member of Bush's tax reform advisory panel. Lawrence Lindsey, formerly Bush's top economic adviser, wrote his doctoral thesis under Feldstein, as did Harvey Rosen, the previous chairman of the president's Council of Economic Advisers, and R. Glenn Hubbard, Bush's first chairman of the council and now dean of the Columbia Business School.^[3] Larry Summers Lawrence Henry Summers (born November 30, 1954) is an American economist, politician, and academic. ... John F. Kennedy School of Government The John F. Kennedy School of Government is a public policy school and one of the graduate schools of Harvard University. ... Mapúa Institute of Technology (MIT, MapúaTech or simply Mapúa) is a private, non-sectarian, Filipino tertiary institute located in Intramuros, Manila. ... Lawrence B. Lindsey was Director of the National Economic Council (2001-2002), and the Assistant to the President on Economic Policy for the U.S. President George W. Bush. ... Harvey Rosen is the current mayor of the city of Kingston, Ontario, Canada. ... R. Glenn Hubbard is an American economist and professor at Columbia University since 1988. ...

External links

• Webpage at Harvard.
• Webpage at NBER.
• Webpage at NNDB.

References

1. ^ Editorial, The Next Alan Greenspan. The New York Times, October 6, 2005. http://select.nytimes.com/gst/abstract.html?res=F30611FE35540C758CDDA90994DD404482
2. ^ Hernandez, J.C. AIG accounting scandal could reduce Feldstein’s chances of chairing the Fed. The Harvard Crimson, May 13, 2005. http://www.thecrimson.com/article.aspx?ref=507736
3. ^ Gavin, Robert. A principal of economics: Martin Feldstein. The Boston Globe, June 26, 2005. http://www.boston.com/business/articles/2005/06/26/a_principal_of_economics/