William John FELLNER, Hungarian economist. Phi Beta Kappa; Fellow, American Academy of Arts and Sciences; Corresp. Member, Bavarian Academy Sciences; President, American Economic Association, 1969; Commander’s Cross Order Merit, German Federal Republic, 1979; Bernard-Harms Prize, Institute, fur Weltwirtschaft, Kiel, 1982.
After a prewar interest in Keynesian economics, he turned after the war to oligopoly theory, growth theory (in particular the theory of induced innovations) profit theory, and an abiding concern with the history of economic thought. The 1970s saw a return to his earlier love, macroeconomics, where he took up a position that might be described as ‘critical monetarism’ or ‘monetarism, but. ’. Throughout his career he showed an unusual talent for summing up the stateof-the-art in a subject, bringing to it some rigours in reformulating the problem but, above all, wisdom and perspective in placing it in context.
Partner, Hungarian family enterprise, 1929-1938. Assistant Professor, Association Professor, University California Berkeley, 1939-1952. Professor, Sterling Professor of Economics, Yale University, 1952-1955, 1959-1973.
Member, United States President's Council Economics Advisers, 1973-1975. Research Scholar, American Enterprise Institute, Washington, District of Columbia, 1975-1983.