Walter W. Stewart Explained

Walter W. Stewart
Birth Date:1885
Birth Place:Manhattan, Kansas
Death Date:March 6, 1958
Nationality:American
Discipline:Economics
Alma Mater:University of Missouri
Workplaces:Institute for Advanced Study

Walter W. Stewart (1885 — 1958) was an American economist and banking expert. He was an economics advisor to four presidents, Coolidge, Hoover, Roosevelt and Eisenhower.[1]

Education and career

Stewart graduated Phi Beta Kappa from the University of Missouri in 1909.[1] He was a professor of economics at the University of Missouri, the University of Michigan and Amherst College.[2] He joined the faculty of the School of Economics and Politics at the Institute for Advanced Study (IAS) on September 1, 1938, and remained there until his death in 1958.

During World War I, Stewart was a staff member in the planning and statistics division of the War Industries Board.[3] In 1922, he joined the Federal Reserve Board as Director of Research where he served as a mentor to Emanuel Goldenweiser and built a bridge between the statistics division and central bank policy.[4]

He was an economic advisor to the Bank of England from 1928 to 1930, the first American to serve in that capacity.[5]

During World War II members of the IAS School of Economics and Politics did important war work.[6] In 1944 Stewart along with IAS colleague Robert B. Warren worked for the Treasury Department in Washington, advising them on the relation between fiscal operations and the banking system. He served on President Dwight D. Eisenhower's Council of Economic Advisers from 1953 to 1955.[6]

In 1927 he was elected as a Fellow of the American Statistical Association.[7] He was elected to the American Philosophical Society in 1943.[8]

External links

Notes and References

  1. https://www.newspapers.com/newspage/139884636/ Dr. Walter Stewart Dies
  2. The Mysterious Career of Walter W. Stewart, Especially 1922–1930. William P. Yohe. History of Political Economy. 14. Winter 1982. 4. Duke University Press. 583–607. 10.1215/00182702-14-4-583. 1982.
  3. Book: Members of the War Industries Board Organization . 1919 . 25 . Government Printing Office . Washington, D.C. . 2024-02-08.
  4. Goldenweiser, Emanuel Alexandrovich. American monetary policy. Vol. 17. McGraw-Hill, 1951. p.101
  5. Cole. Arthur H.. Masson. Robert L.. Williams. John H.. 1954. Erratum. The American Economic Review. 44. 3. 396. 1810812. 0002-8282.
  6. https://library.ias.edu/files/pdfs/bulletins/Bulletin11.pdf IAS Institute for Advanced Study (1945). Bulletin No. 11 : School Of Economics And Politics
  7. http://www.amstat.org/awards/fellowslist.cfm View/Search Fellows of the ASA
  8. Web site: APS Member History . 2023-04-13 . search.amphilsoc.org.