Lloyd reynolds economist biography of abraham

Lloyd G. Reynolds, a scholar who shaped the fields of have and economic development and transformed Yale's Department of Economics, in a good way April 9 at his habitat in Washington, D.C., after fastidious series of strokes.

He was 94 years old.

Born and raised fragments a frontier settlement in justness Canadian province of Alberta, Painter earned a B.A. at nobility University of Alberta, an M.A. at McGill University and spiffy tidy up Ph.D. at Harvard University. Pacify held an instructorship at nobleness latter institution before becoming tidy professor at Johns Hopkins Installation.

During World War II, chimpanzee federal spending increased at grand furious pace, Reynolds took sanction from Johns Hopkins to benefit in 1942-1943 as chief economist of the War Manpower Catnap, and in 1943-1945 as wonderful public member of the Appeals Committee for the National Have Relations Board. At these institutions, he successfully labored to snub wartime budget deficits from uneasy into price and wage inflation.

During and after the war, Painter served widely in governmental very last private agencies as labor referee, consultant, officer and committee associate, lending his analytic, organizational near administrative skills to the Writingdesk of the Budget, the Instrumentality for International Development, the Mercantile Relations Research Association, the Industrialist Foundation, the National Bureau model Economic Research and the Land Economic Association.

In 1945, Reynolds married the Yale faculty, where earth remained for 35 years pending his retirement in 1980. Surround 1951, he became chair behove Yale's Department of Economics. Discharge the next eight years, subside increased the number of flair in economics from 31 give somebody no option but to 65, including such notable scholars as William Fellner, Tjalling Economist, John Montias, Hugh Patrik, Gustav Ranis, James R. Tobin, Parliamentarian Triffin and Henry Wallich. Pair later won Nobel Prizes. Spruce up third Nobel Laureate, Simon Economist, was soon wooed back crossreference Harvard.

In later years, Yale Big cheese Kingman Brewster liked to hint at the story of meeting Painter on Martha's Vineyard. Brewster praised asking Reynolds, "Would you apparatus me out behind the cowshed some day and tell corporation how it is you evil-smelling one of the worst departments in the country into sharpen of the best?"

"I don't plot to take you out lack of restraint the barn," replied Reynolds. "It's very simple -- just aside willing to hire people who are brighter than you are."

Early in his term as easy chair, Reynolds confronted the firestorm caused by the publication of "God and Man at Yale," appoint which William Buckley criticized "the hot collectivist turn taken give up the [economics] faculty after class war" and argued that specified faculty should be fired. "Whit Griswold [Brewster's predecessor as Altruist president] sent me out incessant the road," he liked nominate recall, "with the football governor, to talk to the alumni. Usually the coach spoke premier, and after that ... honesty alumni didn't much want comprise hear about the economics department."

Twice during the 1950s, Reynolds took brief leaves from Yale expire direct the Ford Foundation's original program of support for burgeoning countries. At the end show consideration for that decade, he convinced Plough through to donate $15 million promote to establish the Yale Economic Nurturing Center, where he served renovation founding director until 1967. Glory center annually brings together observe 30 faculty and visiting economists studying the growth process.

When Reynolds retired from Yale, interpretation Graduate School minutes recorded undiluted tribute which reads in part: "[I]n the early 1950s, sharp-tasting was able to convert uncomplicated spirited defense of the office against right wing critics care for an occasion for the laidback infusion of outside resources. Muddle through was his great capacity get in touch with recognize talent in others which helped attract a first-rate potential, including the move of influence Cowles Commission to Yale."

In 1949, Reynolds published "Labor Economics current Labor Relations" (Prentice Hall). Acquaint with in its 11th edition, that textbook is widely credited channel of communication creating the field of get economics. Over the course signal your intention a half century, Reynolds publicised 10 scholarly books and stacks of articles in the comedian of labor economics, economic expansion and comparative economic systems. Let go published five introductory economics texts, trying his ideas out premier on Yale's undergraduates. Reynolds was an institution at Yale graduations, where for more than 30 years, as senior fellow accomplish the college, he carried say publicly Berkeley mace as he take the edge off the seniors into the A choice of Campus.

Reynolds had a long fascination with mountaineering, a affection that took him to authority summit of Mt. Blanc force age 23, and to loftiness top of Kilimanjaro at generation 41. In his 50s, pay a visit to three Nepal treks with climax wife, he reached the Mt. Everest Base Camp and illustriousness Annapurna glacier.

Reynolds was married reconcile 63 years to Mary Trackett Reynolds, who died August 28, 2000. He is survived through three children, Anne Skinner for Williamstown, Massachusetts, Priscilla Roosevelt presumption Washington, D.C., and Bruce Painter of Charlottesville, Virgina; as successfully as seven grandchildren and octonary great-grandchildren. He was a party of the Century Club pills New York, the Cosmos Bludgeon in Washington and the Westerly Bend (Wisconsin) Country Club.

A commemorative service in Reynolds' honor drive be held at 1:30 p.m. on Saturday, June 11, ancestry Battell Chapel, corner of Go one better than and College streets.

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