Albert Rees
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Albert E. Rees | |||||||||||||||||||||
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Born | [1] New York City[1] |
August 21, 1921||||||||||||||||||||
Died | Script error: The function "death_date_and_age" does not exist.[2] University Medical Center of Princeton[2] |
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Nationality | United States | ||||||||||||||||||||
Institutions | Princeton University of Chicago[2] |
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Field | Labor economics[2] | ||||||||||||||||||||
School or tradition
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Chicago school of economics[1] | ||||||||||||||||||||
Awards | American Academy of Arts and Sciences[3] Guggenheim[4] |
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Occupation | U.S. presidential advisor to Gerald Ford U.S. Federal Agency Head non-profit CEO Provost department chair professor author[2] |
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Employer | White House Alfred P. Sloan Foundation Princeton University of Chicago[2] |
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Political party | Republican | ||||||||||||||||||||
Spouse(s) | Marianne Rees[2] | ||||||||||||||||||||
Children | 3 sons[2] | ||||||||||||||||||||
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CoWPS | |
Agency overview | |
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Formed | 1974[10] |
Preceding agency | |
Dissolved | 1981[10] |
Superseding agencies | |
Headquarters | Washington, D.C. |
Agency executives |
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Parent agency | Executive Office of the President |
Albert E. Rees (August 21, 1921 – September 5, 1992) was an American economist[2] and noted author.[1][2][8] An influential labor economist, Rees taught at Princeton University from 1966 to 1979, while also being an advisor to President Gerald Ford. He was also a former Provost of Princeton and former president of the Alfred P. Sloan Foundation.[2] He was also the first head of the Council on Wage and Price Stability, a short-lived federal agency.[2][10]
Contents
Discussion
Born in New York City, Rees earned his bachelor's degree from Oberlin College in 1943. He later received his master's degree and his doctorate in economics from the University of Chicago.[1] After obtaining his Ph.D. in 1950,[5] he would go on to chair the economics department at Chicago from 1962-1966 before moving to Princeton as economics chair there. He would later co-author a landmark labor study with George P. Shultz.[2][7] Another notable book, The Economics of Work and Pay, remained in print for two decades over at least six editions at Harper Collins.[8][9][13] Notable doctoral students at Princeton would include the future Nobel Laureate James Heckman.[6] He won many awards, including a Guggenheim Fellowship[4] in 1969 and election to the American Academy of Arts and Sciences in 1971.[3] Rees died on September 5, 1992, at University Medical Center of Princeton.[2]
Since 1997, Princeton University awards the “Albert Rees Prize” for an outstanding dissertation in labor economics.[14] Oberlin College has also established multiple Albert Rees prizes, including a Fellowship and an Assistantship.[15][16]
Duke University Libraries has a special collection with his papers.[17] Additional special collections at George Mason University Libraries and the Ford Presidential Library house archives for the Council on Wage and Price Stability,[18][19] of which he was the founding director.[2][20][21]
Council on Wage and Price Stability
The Council on Wage and Price Stability (COWPS or CWPS) Act was signed into law by President Ford in 1974,[10][11] with Rees as the new agency's first head.[2] It replaced the formal price controls from the Nixon administration authorized under its precursor, the Economic Stabilization Act of 1970 and its related agency, the Pay Board and Price Commission. The council continued under President Carter[10][11] (with Alfred E. Kahn replacing Rees as its head under the new administration[12]). When Reagan took office in 1981, CWPS economists moved to the newly formed Office of Information and Regulatory Affairs.[10] Some labor and economic regulator responsibilities merged back into their historic homes with the National Labor Relations Board and the Council of Economic Advisors.[11]
Selected Publications
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Archives
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See also
- List of Guggenheim Fellowships awarded in 1969
- List of Princeton University people (government)
- List of Princeton University people
- List of University of Chicago faculty
- List of University of Chicago alumni
- List of Oberlin College and Conservatory people
External links
- Albert Rees Collection at Duke University
- Council on Wage and Price Stability Archive at George Mason University
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Lua error in package.lua at line 80: module 'strict' not found.
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- Articles with hCards
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- 1921 births
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- American economists
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- University of Chicago alumni
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