Homer Jones (economist)
Encyclopedia
Homer Jones was a prominent American economist
.
In the course of his career, Jones spent time at Rutgers University
, the University of Chicago
, The Brookings Institution and the Federal Deposit Insurance Corporation
. He is best known for serving as research director, and later senior vice-president at the Federal Reserve Bank of St Louis
, which he joined in 1958. Under his leadership, the St Louis Fed gained a reputation as a maverick in the Federal Reserve System
because of its espousal of monetarism
.
Milton Friedman
, who studied under Jones at Rutgers, credited Jones' encouragement for his decision to become an economist
.
The St Louis fed sponsors an annual lecture in Jones' memory.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
.
In the course of his career, Jones spent time at Rutgers University
Rutgers University
Rutgers, The State University of New Jersey , is the largest institution for higher education in New Jersey, United States. It was originally chartered as Queen's College in 1766. It is the eighth-oldest college in the United States and one of the nine Colonial colleges founded before the American...
, the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
, The Brookings Institution and the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
. He is best known for serving as research director, and later senior vice-president at the Federal Reserve Bank of St Louis
Federal Reserve Bank of St Louis
The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank. Missouri is the only state to have two Federal Reserve Banks . The St...
, which he joined in 1958. Under his leadership, the St Louis Fed gained a reputation as a maverick in the Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
because of its espousal of monetarism
Monetarism
Monetarism is a tendency in economic thought that emphasizes the role of governments in controlling the amount of money in circulation. It is the view within monetary economics that variation in the money supply has major influences on national output in the short run and the price level over...
.
Milton Friedman
Milton Friedman
Milton Friedman was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades...
, who studied under Jones at Rutgers, credited Jones' encouragement for his decision to become an economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
.
The St Louis fed sponsors an annual lecture in Jones' memory.