Richard Thomas Selden

Background

Selden, Richard Thomas was born on March 31, 1922 in Pontiac, Michigan, United States. Son of Arthur Willis and Florence L. (Seeley) Selden.

Education

Bachelor of Arts University Chicago, 1948. Master of Arts Columbia University, 1949. Doctor of Philosophy University Chicago, 1954.

Career

Instructor Business Administration, University

Massachusetts, 1949-1950. Assistant Prof, Association Professor Economics and Business Admin, Vanderbilt University, Tennessee, 1952-1959. Research Association, National Bureau of Economie Research, New York, New York, United States of America, 1958-1959.

Association Professor Banking, Columbia University, 1959-1963. Member, Research Staff, National Bureau of Economie Research, New York, New York, United States of America, 1959-1963. Professor of Economics, Cornell University, 1963-1969.

Visiting Professor of Economics, Stanford University, 1967. Visiting Scholar, University Stockholm, 1978. Visiting Professor of Economics, Bombay University, 1981.

Association Professor University Strasbourg, 1982,

1983. Carter Glass Professor of Economics, University Virginia, Charlottesville, Virginia, United States of America, since 1969. Editorial Board, Journal of Money, Credit and Banking, 72.

Achievements

• Guggenheim Foundation Fellow, 1964-1965. Fulbright Advanced Research Scholar, Belgium, 1965. Ford Foundation Faculty Fellow, Cornell University, 1968-1969.

Works

More photos

• book

  • TIME DEPOSIT GROWTH AND THE EMPLOYMENT OF BANK FUNDS

    (Chicago 1965 Trustees of Banking Research Fund Associatio...)

  • The Postwar Rise in the Velocity of Money: A Sectoral Analysis
  • Trends and Cycles in the Commercial Paper Market
  • Trends and cycles in the commercial paper market (National Bureau of Economic Research. Occasional paper)
  • Trends and Cycles in the Commercial Paper Market - Occasional Paper 85

• Other Work

  • Author: The Postwar Rise in the Velocity of Money, 1962, Trends and Cycles in the Commercial Paper Market, 1963, (with George R. Morrison) Time Deposit Growth and the Employment of Bank Funds, 1965. Contributor articles to professional journals.

Views

The focus of my research has been the demand for money. Two early studies examined trends in monetary velocity in the United States. More recent work has dealt with the role of monetary growth as a cause of inflation, not only in the United States but in other industrialised countries as well.

Most of this work has involved extensive empirical analysis. Some of it — for example, on the markets for commercial paper and consumer instalment credit — has consisted of fairly detailed examinations of financial institutions. The basic aim of all my research (apart from the 1955 paper on accelerated amortisation) has been to improve our understanding of the way in which monetary policy does its work.

I expect to pursue this aim in the future through further comparative (cross-country) studies of monetary policy.

Membership

Member American Economic Association.

Connections

Married Martha Mathiasen, March 21, 1953 (divorced June 1989). Children: Phoebe Serena, Thomas Mathiasen. Married Louise H. Randolph, July 30, 1989 (divorced February 1997).

1 stepchild, Laura Peyton Mosca.

Father:

Arthur Willis Selden

Mother:

Florence L. (Seeley) Selden

Spouse:

Martha Mathiasen

Spouse:

Louise H. Randolph

child:

Phoebe Serena Selden

child:

Thomas Mathiasen Selden