All Posts Tagged With: "Andrew Mellon"

Mainstream Macro in an Austrian Nutshell

While the events that have unfolded over the past year have required some outside-the-box theorizing by mainstream macroeconomists, the econo-mists of the Austrian school can offer a straightforward, fill-in-the-blanks explanation by drawing on the theory first articulated by Ludwig von Mises and then developed by Friedrich A. Hayek.

24Apr2009 | Roger W. Garrison | 15 comments | Continued
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Andrew Mellon: The Entrepreneur as Politician

Rarely do spectacular entrepreneurs leave their realm of business for the political arena. One exception is Andrew Mellon, the third-wealthiest American of his era, who left a dazzling career in American industry to become secretary of treasury under Presidents Warren Harding, Calvin Coolidge, and Herbert Hoover. Mellon established his career in Pittsburgh as a successful [...]

1Dec2008 | Burton W. Folsom Jr. | 4 comments | Continued

Another Alcoa Executive at Treasury

When President-elect George W. Bush chose Paul H. O’Neill, chairman of the world’s largest aluminum manufacturer, to be his secretary of the treasury, Bush said, “it’s important for me to find somebody who has vast experience, who has a steady hand, and when he speaks, speaks with authority and conviction and knowledge.” If O’Neill turns out to be half as good as the other Alcoa executive who once occupied the same cabinet post, he’ll do the country great service.

1Jun2001 | Lawrence W. Reed | 0 comments | Continued

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