What is Allan Meltzer's Net Worth?
Allan Meltzer was an American economist and professor who has a net worth of $8 million. Allan Meltzer was a professor of Political Economy at Carnegie Mellon University's Tepper School of Business and his three book series entitled A History of the Federal Reserve is considered the most comprehensive history of the central bank.
Allan H. Meltzer was born in Boston, Massachusetts in February 1928. Meltzer received his A.B. and M.A. degrees from Duke University in 1948 and 1955, respectively. He earned his Ph.D. degree from UCLA in 1958. He served, from 1973 to 1999, as the Chair of the "Shadow Open Market Committee", a group of economists, academics, and bankers that met to critique the actions of the Federal Reserve's Federal Open Market Committee. From 1988 to 1989, he served as an Acting Member of the Council of Economic Advisors at the end of the Ronald Reagan administration. He later served as a visiting scholar at the American Enterprise Institute.
Meltzer authored several academic papers and books about monetary policy and the Federal Reserve Bank. He also wrote about the development and applications of monetary policy. He was named the president of the Mont Pelerin Society 2012.
In 2003, he was the first recipient of the AEI's Irving Kristol award and was honored by President George W. Bush. Meltzer served as the Chairman of the Congressionally-mandated "International Financial Institution Advisory Commission", which was also known as the Meltzer Commission. He was an opponent of the U.S. adoption of a cap and trade scheme for carbon emissions to help fight global climate change. His book Why Capitalism? was published in 2012. Allan Meltzer died on May 8, 2017 at the age of 89.
