David Israel Meiselman

Background

Meiselman, David Israel was born on May 21, 1924 in Boston, Massachusetts, United States. Son of Samuel and Sarah (Bovarnick) Meiselman.

Education

AB, Boston University, 1947. Master of Arts, University Chicago, 1951. Doctor of Philosophy, University Chicago, 1961.

Career

Instructor Illinois Institute of Technology, Chicago, 1952-1955. Lecturer economics City College of New York, 1957-1958. Assistant professor economics University Chicago, 1958-1962.

Economist Office Secretary Treasury, Washington, 1962-1963. Senior economist committee on banking and currency United States House of Representatives, 1963. Lecturer political economy Johns Hopkins University, 1963-1964.

Senior economist Organization of American States Inter-American Development Bank Fiscal Mission to Peru, 1964. Senior economist, associate editor National Banking Review, Office Comptroller Currency, United States Treasury Department, Washington, 1964-1966. Frederick R. Bigelow professor economics, director bureau economic studies Macalester College, St. Paul, 1966-1971, acting chairman department economics, 1968-1969.

Professor economics, director Northern Virginia graduate economics program Virginia Polytechnic Institute and State University, since 1971, associate director Center for Study Futures and Options, since 1989. Adjunct scholar American Enterprise Institute for Public Policy Research, since 1976, Heritage Federation, Cato Institute. Board directors Visa Money Fund.

Finance accounting Standards Advisory Council, 1983-1986, Commodities Futures Trading Commission, Finance Products Advisory Committee, since 1985. Senior consultant International Bank for Reconstruction and Development, 1966. Economic consultant Secretary Treasury, 1969-1977, Republican Senatorial Campaign Committee, 1974, Planning Research Corporation, 1970, Interstate Commerce Commission, 1972, Commodity Futures Trading Commission, 1975, Labor Department, 1976.

Consultant United States Treasury, 1981-1982, Coopers & Lybrand, 1976, Bache Halsey Stuart, Inc., 1976-1977, Wainwright Securities, Inc., 1977-1978, Law and Economics Center, University Miami School Law, 1977-1981, Federal Home Loan Bank Board, 1980-1981, New York Stock Exchange, 1979, City of St. Louis, 1983, Oppenheimer & Company, Inc., 1980-1981, Taubman Company, 1982, Wachtell Lipton, Rosen & Katz, 1984, Coffee, Sugar, Cocoa Exchange, 1983-1985, Smathers & Thompson, 1984, Steel, Hector & Davis, 1985, Cadwalader, Wickersham & Taft, 1986, Sidley & Austin, Hall, McNichol, 1986, Hall, Dickler, 1987-1988, Klenda, Mitchell, 1988, Townley and Updike, 1988. Chairman Presidential Task Force on Inflation, 1968-1969.

Achievements

• Winner, Ford Foundation Doctoral Dissertation Competition, 1962. Member, Mont Pelerin Society, since 1964. Miles B. Lane Lecturer, Georgia Institute, Institution Technology, 1969.
  
  President, Philadelphia Society, 1974. Vice president, Southern Economic Association, USA, 1981-1982. Finance Standards Advisory Council, since 1983.

Works

More photos

• book

  • The Measurement of Corporate Sources and Uses of Funds
  • The Term Structure of Interest Rates
  • Long-memory inflation uncertainty: Evidence from the term structure of interest rates (Working paper series)

• Other Work

  • Author: The Term Structure of Interest Rates, 1962, (with Eli Shapiro) The Measurement of Corporate Sources and Uses of Funds, 1964. Editor: Varieties of Monetary Experience, 1970. Co-editor: (with Arthur Laffer) The Phenomenon of Worldwide Inflation, 1975, Welfare Reform and The Carter Public Service Employment Program: A Critique.Member advisory board: Journal Money, Credit and Banking, 1968-1971. Chairman editorial board: Policy Review, since 1977. Contributor articles to professional journals.

Views

Demonstrated that markets reflect anticipations and the discounting of future events (such as interest rates and inflation). That the quantity of money is the main actor in the inflation drama. That mismanagement of money is the principal cause of economic fluctuations.

And that market participants are systematically more astute than central bankers and government officials because they are motivated to be so by property rights and the lure of private gains.

Membership

Board directors, secretary-treasurer Manhattan Institute, 1977-1986. Served with Army of the United States, 1942-1946. Member American Economic Association, Royal Economics Society.

Member Southern Economic Association (vice president 1981-1982). Member Philadelphia Society (president 1973-1975), Mont Pelerin Society.

Connections

Married Winifred Charm, January 24, 1966. Children: Ellen, Nina, Samuel Adam.

Father:

Samuel Meiselman

Mother:

Sarah (Bovarnick) Meiselman

Spouse:

Winifred Charm

child:

Ellen Meiselman

child:

Nina Meiselman

child:

Samuel Adam Meiselman