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Arthur David GAYER

Arthur David GAYER, economist. Senior Medley Research Fellow Economics, University Oxford, 1925-1927; Adviser, United States Government Comms., since 1932; Senior Economics, Federal Reserve Board, 1936.

Background

  • GAYER, Arthur David was born in 1903 in Poona, India.

  • Education

    • Bachelor of Arts, Master of Arts, Doctor of Philosophy University Oxford, 1923, 1924, 1927.

    Career

    • His work for Roosevelt’s Commission on Economic Reconstruction (1932-1934) was the ideal complement to his academic study of economic fluctuations. This and the experience of other official work was crystallised in his Monetary Policy, his best-known book. He was quick to take up Keynes’s message, having arrived at Keynesian policy views well before Keynes.

      The data and analysis in Growth and Fluctuation is also frequently cited by economic historians. Lector, Assistant Professor of Economics, Columbia University, 1931-1940. Association Professor of Economics, Queen’s College, New York City, 1940-1951.

    Major achievements

    • Senior Medley Research Fellow Economics, University Oxford, 1925-1927. Adviser, United States Government Comms., since 1932. Senior Economics, Federal Reserve Board, 1936.

    Views

    My major research interest has been the development of robust statistical methods which are useful in the analysis of data arising in economics and public policy. After conducting research in statistical theory and methods I applied these techniques to develop statistical methods for estimating measures of economic inequality. My year as a visiting faculty adviser to the Office of Statistical Policy kindled my interest in labour economics and problems arising in measuring possible discrimination in the labour market.

    Subsequently, I became involved as an expert witness in a variety of legal cases in the areas of discrimination and consumer protection and am now primarily concerned with the use of statistical and economic arguments in the legal and public-policy arenas. Because many policy decisions, e.g. tax policy and regulation, are often made on the basis of data collected for another purpose, non-parametric and robust statistical methods which are less sensitive to deviations from the assumptions which underlined their original derivation are especially useful. Dates and Birthplace 1903-1951, Poona, India. Posts Held Lector, Assistant Professor of Economics, Columbia University, 1931-1940. Association Professor of Economics, Queen’s College, New York City, 1940-1951. Degrees British Academy, Massachusetts, Doctor of Philosophy University Oxford, 1923, 1924, 1927. Offices Senior Medley Research Fellow Economics, University Oxford, 1925-1927.

    Adviser, United States Government Comms., since 1932. Senior Economics, Federal Reserve Board, 1936.

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    Born 1903
    Died 1951
    (aged 48)