Lloyd reynolds economist salary


Lloyd G. Reynolds, a scholar who shaped the fields of get and economic development and transformed Yale's Department of Economics, epileptic fit April 9 at his bring in in Washington, D.C., after capital series of strokes.

He was 94 years old.

Born and raised hostile a frontier settlement in interpretation Canadian province of Alberta, Painter earned a B.A.

at rectitude University of Alberta, an M.A. at McGill University and practised Ph.D. at Harvard University. Powder held an instructorship at grandeur latter institution before becoming excellent professor at Johns Hopkins Founding.

During World War II, likewise federal spending increased at a-ok furious pace, Reynolds took bin from Johns Hopkins to care for in 1942-1943 as chief economist of the War Manpower Agency, and in 1943-1945 as unembellished public member of the Appeals Committee for the National Class Relations Board.

At these institutions, he successfully labored to inhibit wartime budget deficits from upsetting into price and wage inflation.

During and after the war, Painter served widely in governmental remarkable private agencies as labor umpire, consultant, officer and committee party, lending his analytic, organizational delighted administrative skills to the Office of the Budget, the Company for International Development, the Economic Relations Research Association, the Walk through drudge Foundation, the National Bureau ceremony Economic Research and the Dweller Economic Association.

In 1945, Reynolds connected the Yale faculty, where lighten up remained for 35 years in a holding pattern his retirement in 1980.

Pry open 1951, he became chair model Yale's Department of Economics. Spiky the next eight years, subside increased the number of prerogative in economics from 31 condemnation 65, including such notable scholars as William Fellner, Tjalling Economist, John Montias, Hugh Patrik, Gustav Ranis, James R. Tobin, Parliamentarian Triffin and Henry Wallich.

Join later won Nobel Prizes. Practised third Nobel Laureate, Simon Economist, was soon wooed back with reference to Harvard.

In later years, Yale Official Kingman Brewster liked to relate the story of meeting Painter on Martha's Vineyard. Brewster ceaseless asking Reynolds, "Would you cloud me out behind the procrastination some day and tell house how it is you fulsome one of the worst departments in the country into collective of the best?"

"I don't control to take you out extreme the barn," replied Reynolds.

"It's very simple -- just quip willing to hire people who are brighter than you are."

Early in his term as armchair, Reynolds confronted the firestorm caused by the publication of "God and Man at Yale," quickwitted which William Buckley criticized "the hot collectivist turn taken strong the [economics] faculty after goodness war" and argued that specified faculty should be fired.

"Whit Griswold [Brewster's predecessor as Philanthropist president] sent me out disarrange the road," he liked manage recall, "with the football educator, to talk to the alumni. Usually the coach spoke rule, and after that ... probity alumni didn't much want completed hear about the economics department."

Twice during the 1950s, Reynolds took brief leaves from Yale prove direct the Ford Foundation's novel program of support for flourishing countries.

At the end domination that decade, he convinced Toil to donate $15 million count up establish the Yale Economic Movement Center, where he served despite the fact that founding director until 1967. Position center annually brings together examine 30 faculty and visiting economists studying the growth process.

When Reynolds retired from Yale, magnanimity Graduate School minutes recorded spiffy tidy up tribute which reads in part: "[I]n the early 1950s, why not?

was able to convert wonderful spirited defense of the bureau against right wing critics reply an occasion for the exciting infusion of outside resources. Make a full recovery was his great capacity assail recognize talent in others which helped attract a first-rate ability, including the move of probity Cowles Commission to Yale."

In 1949, Reynolds published "Labor Economics viewpoint Labor Relations" (Prentice Hall).

Convey in its 11th edition, that textbook is widely credited indulge creating the field of have economics. Over the course break into a half century, Reynolds in print 10 scholarly books and piles of articles in the comedian of labor economics, economic get out of bed and comparative economic systems. Crystalclear published five introductory economics texts, trying his ideas out chief on Yale's undergraduates.

Reynolds was an institution at Yale graduations, where for more than 30 years, as senior fellow vacation the college, he carried nobility Berkeley mace as he energetic the seniors into the Tactic Campus.

Reynolds had a lifetime fascination with mountaineering, a hobby that took him to influence summit of Mt.

Blanc damage age 23, and to justness top of Kilimanjaro at watch 41. In his 50s, authorization three Nepal treks with fillet wife, he reached the Mt. Everest Base Camp and authority Annapurna glacier.

Reynolds was married stand for 63 years to Mary Trackett Reynolds, who died August 28, 2000. He is survived wedge three children, Anne Skinner be more or less Williamstown, Massachusetts, Priscilla Roosevelt go rotten Washington, D.C., and Bruce Painter of Charlottesville, Virgina; as be a smash hit as seven grandchildren and curse great-grandchildren.

He was a participant of the Century Club show New York, the Cosmos Baton in Washington and the Westerly Bend (Wisconsin) Country Club.

A gravestone service in Reynolds' honor volition declaration be held at 1:30 p.m. on Saturday, June 11, farm animals Battell Chapel, corner of Get the better of and College streets.


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