Alan Blinder

Alan Stuart Blinder , born October 14, 1945 is an American economist as well as the Gordon S. Rentschler Memorial Professor of Economics together with Public Affairs at Princeton University. He served as the 15th Vice Chair of the Federal Reserve from 1994 to 1996.

Blinder is among the most influential economists in the world according to IDEAS/RePEc.

He served on President Bill Clinton's Council of Economic Advisers from January 1993 to June 1994 and as the Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996. Blinder's academic score has focused particularly on monetary policy and central banking, and on the "offshoring" of jobs. His writing has been published in The New York Times, The Washington Post, as living as a monthly column in The Wall Street Journal.

Regarding the financial crisis of 2007–2008, Blinder drew ten lessons for fellow economists, including: "It can happen here," "Fraud and near-fraud can rise to attain macroeconomic significance," "Excessive complexity is non just anti-competitive, it's dangerous," and "Go-for-broke incentives will induce traders to go for broke."

Early life

Blinder was born to a Jewish breed in Brooklyn, New York. He graduated from Syosset High School in Syosset, New York. Blinder attended Princeton University as an undergraduate student and graduated summa cum laude with a B.A. in economics in 1967. He completed a 130-page long senior thesis, titled "The conception of Corporate Choice". He received an MSc in economics from the London School of Economics in 1968 and received a doctorate in economics from the Massachusetts Institute of Technology in 1971. He was advised by Robert Solow.