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.Dr. Walter Stewart Dies
St. Louis Post-Dispatch, March 7, 1958

Education and career

Stewart graduated Phi Beta Kappa from the University of Missouri in 1909. He was a professor of economics at the University of Missouri, the University of Michigan and

Amherst College Amherst College ( ) is a private liberal arts college in Amherst, Massachusetts. Founded in 1821 as an attempt to relocate Williams College by its then-president Zephaniah Swift Moore, Amherst is the third oldest institution of higher educatio ...

. 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. In 1922, he joined the Federal Reserve Board as Director of Research where he served as a mentor to

Emanuel Goldenweiser Emanuel Alexsndrovich Goldenweiser was born in Kiev, on July 31, 1883. His father was a prominent member of the Kiev bar. The family was modestly wealthy and cosmopolitan. Upon graduation from the First Kiev Gymnasium in 1902, Emanuel followed hi ...

and built a bridge between the statistics division and central bank policy. He was an economic advisor to the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...

from 1928 to 1930, the first American to serve in that capacity. During World War II members of the IAS School of Economics and Politics did important war work.IAS Institute for Advanced Study (1945). Bulletin No. 11 : School Of Economics And Politics
/ref> 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 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 ...

from 1953 to 1955. In 1927 he was elected as a Fellow of the American Statistical Association. He was elected to the American Philosophical Society in 1943.

References

External links

Home page of Walter Stewart at The Institute for Advanced Study
* * {{DEFAULTSORT:Stewart, Walter W. 20th-century American economists Institute for Advanced Study faculty University of Michigan faculty Amherst College faculty Fellows of the American Statistical Association Trustees of the Institute for Advanced Study University of Missouri alumni 1885 births 1958 deaths United States Council of Economic Advisers Members of the American Philosophical Society