Edwin Griswold Nourse (May 20, 1883 – April 7, 1974) was an American economist who served as the first 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 ...
from 1946 to 1949.
Early life and education
Nourse was born in
Lockport, New York, Nourse moved to a western suburb of
Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
at the age of four months, and considered himself a
Midwesterner. His father worked in the city as a supervisor of public school music. His sister,
Alice Tisdale Hobart, went on to become a bestselling novelist. In high school Nourse enjoyed English and history, and after spending a year at the
Louis Institute, went on to
Cornell University
Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...
with an interest in
civil engineering
Civil engineering is a regulation and licensure in engineering, professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads ...
. In 1903, he was caught in a wave of
typhoid fever
Typhoid fever, also known simply as typhoid, is a disease caused by '' Salmonella enterica'' serotype Typhi bacteria, also called ''Salmonella'' Typhi. Symptoms vary from mild to severe, and usually begin six to 30 days after exposure. Often th ...
that hit campus; upon his return he decided to simply get his A.B., but also took several classes at the
College of Agriculture.
Career
Following college, Nourse taught for two years in high school, spent a year on graduate studies, and then taught at the
Wharton School
The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...
, where he conceived of
agricultural economics
Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products.
Agricultural economics began as a branch of economics that specif ...
. From there he transited through the
University of South Dakota, the
University of Arkansas
The University of Arkansas (U of A, UArk, or UA) is a Public university, public Land-grant university, land-grant research university in Fayetteville, Arkansas, United States. It is the Flagship campus, flagship campus of the University of Arkan ...
,
Iowa State College, and on to the
University of Chicago
The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...
, where he received his Ph.D. in 1915 for the dissertation "The Chicago Produce Market: A Study of Market Mechanism as a Factor in Price Determination". He continued to study and write about
agricultural cooperation.
[
Nourse was a friend of Harold Moulton, the first president of the ]Brookings Institution
The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global econo ...
, and in 1923 he convinced Nourse to come work on the agriculture side of the Institute of Economics. He remained there until 1946, moving from the head of the agriculture division to director of Institute of Economics in 1929 and then vice president in 1942.[
Two years later in July he met President ]Harry S. Truman
Harry S. Truman (May 8, 1884December 26, 1972) was the 33rd president of the United States, serving from 1945 to 1953. As the 34th vice president in 1945, he assumed the presidency upon the death of Franklin D. Roosevelt that year. Subsequen ...
for the first time by way of Charles Griffith Ross to speak about becoming member of the newly created Council of Economic Advisors; Nourse subsequently resigned from Brookings to become its first chairman, with Leon Keyserling as his vice-chairman and John D. Clark as a member.[
Nourse was an elected member of the ]American Academy of Arts and Sciences
The American Academy of Arts and Sciences (The Academy) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and other ...
and the American Philosophical Society
The American Philosophical Society (APS) is an American scholarly organization and learned society founded in 1743 in Philadelphia that promotes knowledge in the humanities and natural sciences through research, professional meetings, publicat ...
.
Selected publications
* Nourse, E. G., Tryon, F. G., Drury, H. B., Leven, M., Moulton, H. G., & Lewis, C. ''America's capacity to produce.'' 1934.
* Nourse, Edwin Griswold, and Horace Bookwalter Drury. ''Industrial price policies and economic progress.'' 1938.
References
External links
*
{{DEFAULTSORT:Nourse, Edwin Griswold
1883 births
1974 deaths
20th-century American economists
Chairs of the United States Council of Economic Advisers
American cooperative organizers
Cornell University alumni
Directors of the Office of Management and Budget
Economists from New York (state)
Presidents of the American Economic Association
University of Chicago alumni
Members of the American Philosophical Society