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Biography of Walter Heller
Name: Walter Heller
Birth Date: August 27, 1915
Death Date: June 15, 1987
Place of Birth: Buffalo, New York, United States
Nationality: American
Gender: Male
Occupations: economist, statesman
Walter Heller
Catapulted into the spotlight as chairman of the Council of Economic Advisors during the Kennedy-Johnson years, Walter Heller (1915-1987) became the chief spokesman and exemplar of the "New Economics" which attempted to maximize economic growth through "fine tuning."Walter Heller's life and career was fairly conventional until he reached the age of 45. Born in Buffalo, New York, the son of German immigrants, he travelled with his family to Washington state and then to Wisconsin, where he attended public schools and entered Oberlin College in 1931.After graduating in 1935 Heller went on to the University of Wisconsin for advanced work in economics, being awarded the Ph.D. in 1941. From there Heller took a post at the Department of the Treasury, where he served as senior analyst for tax research, an area in which he was to specialize. By 1945 Heller was assistant to the head of the division, and in that year he left …showed first 150 words…
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…showed last 150 words…President Ronald Reagan, while Heller and other liberal economists of the Kennedy-Johnson era talked of the need for balanced budgets. In the 1984 presidential campaign the Republicans praised Heller's 1960s approach, even while he supported Democratic nominee Walter Mondale, who sounded much like a fiscal conservative of the 1960s. Heller died of a heart attack in 1987. Further Reading Although there is no full-scale biography of Walter Heller, a discussion and analysis of his life and works may be found in Robert Sobel, The Worldly Economists (1980); Edward Flash, Jr., Economic Advice and Presidential Leadership (1965); William Breit and Roger Ransom, The Academic Scribblers (1971); and Herbert Stein, The Fiscal Revolution in America (1969). For his career in the Kennedy-Johnson years see J. Ronnie Davis, The New Economics and the Old Economists (1971). Among Heller's books, the most useful are New Dimensions of Political Economy (1966), The Economy: Old Myths and New Realities (1976), and Perspectives on Economic Growth (1968).
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