Charles Louis Schultze (December 12, 1924 – September 27, 2016) was an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

and public policy analyst. He served as the Chairman of the

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...

during the President

Carter Administration Jimmy Carter's tenure as the 39th president of the United States began with his inauguration on January 20, 1977, and ended on January 20, 1981. A Democrat from Georgia, Carter took office after defeating incumbent Republican President ...

. Schultze was appointed the Assistant Director of the

Bureau of the Budget The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP). OMB's most prominent function is to produce the president's budget, but it also examines agency programs, poli ...

by President

John F. Kennedy John Fitzgerald Kennedy (May 29, 1917 – November 22, 1963), often referred to by his initials JFK and the nickname Jack, was an American politician who served as the 35th president of the United States from 1961 until his assassination i ...

in 1962, and was the director from 1965 until 1968 during President

Lyndon Johnson Lyndon Baines Johnson (; August 27, 1908January 22, 1973), often referred to by his initials LBJ, was an American politician who served as the 36th president of the United States from 1963 to 1969. He had previously served as the 37th vice ...

's Great Society agenda. He was also a veteran of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

, during which he served in the army.

Biography

A native of

Alexandria Alexandria ( or ; ar, ٱلْإِسْكَنْدَرِيَّةُ ; grc-gre, Αλεξάνδρεια, Alexándria) is the second largest city in Egypt, and the largest city on the Mediterranean coast. Founded in by Alexander the Great, Alexandria ...

Virginia Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth ar ...

, Schultze graduated from Gonzaga College High School and received his bachelor's (1948) and master's (1950) degrees in economics from

Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...

. He was awarded a Ph.D. in economics from the

University of Maryland The University of Maryland, College Park (University of Maryland, UMD, or simply Maryland) is a public land-grant research university in College Park, Maryland. Founded in 1856, UMD is the flagship institution of the University System of M ...

in 1960. He was an assistant professor of economics at Indiana University from 1959 to 1962. He authored or co-authored dozens of books and articles on economics. Most recently, he co-edited a book with

Henry J. Aaron Henry Jacob Aaron (born 1936) is an American policy analyst and economist. He is the Bruce and Virginia MacLaury Senior Fellow in the Economic Studies Program at the Brookings Institution, where he has been employed since 1968. He served as direct ...

titled ''Setting Domestic Priorities: What Can Government Do?'' He also completed a study entitled, ''Memos to the President: A Guide through Macroeconomics for the Busy Policymaker'' (Brookings, 1992). Among his better known works, several of which have been written in cooperation with other Brookings scholars, are: ''An American Trade Strategy: Options for the 1990s'', co-edited with Brookings Senior Fellow Robert Z. Lawrence (Brookings, 1990); ''American Living Standards: Threats and Challenges,'' co-edited with Robert Z. Lawrence and Robert E. Litan (Brookings, 1988); ''Barriers to European Growth: A Transatlantic View'', with Robert Z. Lawrence (Brookings, 1987); ''Economic Choices 1987'' (Brookings, 1986); and ''Other Times, Other Places'' (Brookings, 1986). Schultze was also a frequent contributor to such publications as ''American Economic Review'', ''The Brookings Review'', and ''Brookings Papers on Economic Activity''. In 1984, he served as president of the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...

. He was involved with the

Brookings Institution The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in ec ...

since 1968. He was director of Economic Studies from 1987–90 and a senior fellow from 1968–77 and 1981-87. As a senior fellow emeritus in the Economic Studies program, he was named as the recipient of The John C. and Nancy D. Whitehead Chair in 1997. He died in Washington, D.C. on September 27, 2016, from complications of

sepsis Sepsis, formerly known as septicemia (septicaemia in British English) or blood poisoning, is a life-threatening condition that arises when the body's response to infection causes injury to its own tissues and organs. This initial stage is follo ...

. He also had dementia in his later years.

References

External links

Brookings scholar pageSelected papers of Charles Schultze
cited in the

Allan H. Meltzer Allan H. Meltzer (; February 6, 1928 – May 8, 2017) was an American economist and Allan H. Meltzer Professor of Political Economy at Carnegie Mellon University's Tepper School of Business and Institute for Politics and Strategy in Pittsburgh, ...

book A History of the Federal Reserve. * * , - {{DEFAULTSORT:Schultze, Charles L. 1924 births 2016 deaths Writers from Alexandria, Virginia Economists from Virginia United States Army personnel of World War II Carter administration cabinet members Directors of the Office of Management and Budget Georgetown University alumni Gonzaga College High School alumni Presidents of the American Economic Association University of Maryland, College Park alumni Virginia Democrats Distinguished Fellows of the American Economic Association Chairs of the United States Council of Economic Advisers Members of the National Academy of Medicine