Economic Development for Latin America; Proceedings of a Conference held by the International Economic Association

Ellis, Howard S. (Editor), and Wallich, Henry C. (Assistant Editor)

Published by St. Martin's Press, Inc, New York, 1961

About this Item

x, 478, [8] pages. Footnotes. Illustrations. Index. DJ has some wear, soiling, edge tears and chips. Name in ink at top of title page. This volume includes papers, critical comments prepared in advance and elements of informal discussions of a roundtable of the International Economic Association held at Rio de Janeiro, August 19-28, 1957 Howard Sylvester Ellis (July 2, 1898 - April 15, 1992) was an American economist. He was a Professor of Economics at the University of California, Berkeley from 1938 to 1965. In 1949, he served as President of the American Economic Association. He is remembered for his essay 'Bilateralism and the Future of International Trade' (Summer 1945) which influenced United States trade policy after World War II. Henry Christopher Wallich (June 10, 1914 - September 15, 1988) was a German American economist and central banker. He was a professor of economics at Yale University and a member of the Council of Economic Advisors during the Dwight D. Eisenhower administration. He was best known as an economic columnist for Newsweek magazine, from 1965 until he joined The Federal Reserve. For a period he wrote one week in three, with Milton Friedman and Paul Samuelson. Wallich began 10 years at the Federal Reserve Bank of New York in 1941, becoming chief of its foreign research division. He earned a Ph.D. (Doctor of Philosophy) from Harvard University in 1944, and became an American citizen in the same year. Wallich interests included the developing country economies in the third world. He became a consultant to officials of Puerto Rico, the Dominican Republic and Cuba in the pre-Castro era. He served on the advisory board of the Arms Control and Disarmament Agency in 1972-73 and was the United States representative on the United Nations Experts Panel on the Economic Consequences of the Arms Race. Before joining the Federal Reserve Board, he was a director of the Phoenix Mutual Life Insurance Company, the United Illuminating Company, the Lionel Edie Capital Fund and the First New Haven National Bank, and other institutions. He was appointed by President Richard Nixon as a Governor of the Federal Reserve System, in 1974 as one of the Fed's seven Governors. and served until 1986, resigning from poor health. Mr. Wallich's proposal espoused in 1971 with Sidney Weintraub, a liberal economist, for a tax-based incomes policy, or TIP. The plan, to control inflation, required an income-tax surcharge to be levied on companies raising their average wage level above specified inflation-related guide-lines. The Wallich-Weintraub plan never became law. He was the board's main emissary to the Bank for International Settlements, the institution in Basel, Switzerland, that serves the world's central banks. Wallich was known for his strong targeting of inflation, once writing, "Like burglary, inflation is an extralegal form of redistribution, Unfortunately, many economists share with politicians the habit of always regarding inflation as the lesser of any alternative evils.".

Seller Inventory # 73109

Bibliographic Details

• Title: Economic Development for Latin America; Proceedings of a Conference held by the International Economic Association
• Publisher: St. Martin's Press, Inc, New York
• Publication Date: 1961
• Binding: Hardcover
• Edition: Presumed First Edition/First Printing.
• Condition: Very good
• Dust Jacket Condition: Good