Murray Weidenbaum, PhD, the Edward Mallinckrodt Distinguished University Professor in Arts & Sciences and honorary chairman of the Weidenbaum Center on the Economy, Government, and Public Policy, died Thursday, March 20, 2014, in St. Louis. He was 87.
A highly influential economist and policy adviser, Weidenbaum has a legacy in the academic and governmental realms that began in the early 1960s. He served as the first chairman of President Ronald Reagan’s Council of Economic Advisers.
“Murray Weidenbaum was an important and influential economist, a great educator and scholar, and a wonderful colleague,” said Washington University in St. Louis Chancellor Mark S. Wrighton. “Washington University was fortunate to have him as a part of our community for so long.
“He was a wise and trusted university colleague for about 50 years, and we have many reasons to be proud of the ongoing scholarship that takes place at the Weidenbaum Center at Washington University.”
“Not long before he passed,” Wrighton said, “I had the great privilege of meeting with Murray and informing him that the university has established the Murray Weidenbaum Distinguished Professorship in Economics.”
“I know he was pleased – as are his colleagues – that his name will continue to live on here at Washington University, but he will surely be missed by all those who had the honor to know and work with him,” Wrighton said.
During his career, Weidenbaum served under or advised five U.S. presidents, spending much of the time teaching, writing and conducting research. During the administrations of Harry S. Truman and Dwight D. Eisenhower, he served on the staffs of what was then known as the U.S. Bureau of the Budget.