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Frederick Robertson Macaulay


Frederick Robertson Macaulay, Canadian economist. Fellow American Statistical Association.


Macaulay, Frederick Robertson was born on August 12, 1882 in Montreal, Canada. Son of Thomas Bassett and Henrietta Maria (Bragg) Macaulay.


Student McGill University, Montreal, 1899-1902, Colorado College, 1906-1907, University of Arizona, 1907-1908. Bachelor of Arts, University of Colorado, 1909, Master of Arts, 1910, Bachelor of Laws, 1911. Doctor of Philosophy., Columbia, 1922.


Came to the United States, 1902, naturalized citizen, 1920. Admitted to Colorado bar, 1911, but did not practice. Instructor in economics, University of Washington, 1915-1916.

Assistant professor economic theory and theory of statistics, University of California, 1916-1920. Economist National Bureau Economics Research, New York City, 1920-1938. National Securities and Research Corporation.

Lecturer New School for Social Research, 1921-1926. Director Central National Corporation.


  • Author: Income in the United States—Its Amount and Distribution (with others. 2 vols.), 1922

  • The Smoothing of Time Series, 1931. Some Theoretical Problems Suggested By the Movements of Interest Rates, Bond Yields and Stock Prices in the United States Since 1856, 1938.

    Short Selling on the New York Stock Exchange, (with David Durand), 1951.


Fellow American Statistical Association.


Married Beulah Ines Stearns, 1910. Children: Barbara Elizabeth, Marjorie Janet.

Thomas Bassett Macaulay

Henrietta Maria (Bragg) Macaulay

Beulah Ines Stearns

Barbara Elizabeth Macaulay

Marjorie Janet Macaulay