Sidney L. Jones

Last updated
Sidney L. Jones
Assistant Secretary of the Treasury for Economic Policy
In office
October 31, 1989 –January 11, 1993 [1]

This list is drawn from biographical information on Jones from the Gerald R. Ford Presidential Library and Museum [9] and the record of the Senate confirmation hearing for his second term as Assistant Treasury Secretary. Throughout his career he also had occasional, brief visiting appointments at schools including Dartmouth College, Rice University, [3] Carleton College, and Cornell University. [9]

For a time after his appointment as Under Secretary of Commerce for Economic Affairs, he was a senior adviser to the Government Research Corporation. [11]

Policy views

Jones is a Republican. [11] He has described himself as an "eclectic monetarist." [2] In 1977, he identified inflation as the primary threat to prosperity and argued against the existence of a tradeoff between inflation and unemployment. [12] In 1984, as Under Secretary of Commerce for Economic Affairs, he favored reducing inflation by lowering federal spending, instituting a consumption tax, and reducing income tax exemptions, rather than increasing marginal income tax rates. [2]

In 1983, two of Ronald Reagan's most senior aides disagreed over how to reduce the federal budget deficit in fiscal year 1985. Council of Economic Advisers chairman Martin Feldstein wanted to raise taxes, while Treasury Secretary Donald Regan wanted to reduce spending. Jones sided with Regan, and in the end so did Reagan. [2]

Republican and Democratic economists praised Jones's work as an economist and described him as within the mainstream of contemporary economic thought. [2] Democrat Jimmy Carter defeated Ford in the 1976 election, so in early 1977 Jones was preparing to leave government. He praised Carter's choices for economic advisers, including Charles Schultze, W. Michael Blumenthal, and Bert Lance, despite disagreeing with many of their policy views. [12] During the 1989 Senate confirmation hearing for Jones's second tenure as Assistant Secretary of the Treasury, he won praise from Republican Senators John Chafee and Bob Packwood as well as Democratic Senators Lloyd Bentsen and David Pryor. [3]

Related Research Articles

<span class="mw-page-title-main">G. William Miller</span> American bussesman and investment banker (1925–2006)

George William Miller was an American businessman and investment banker who served as the 65th United States secretary of the treasury from 1979 to 1981. A member of the Democratic Party, he also served as the 11th chairman of the Federal Reserve from 1978 to 1979. Miller was the first person to hold both of those posts.

<span class="mw-page-title-main">Gardner Ackley</span> American economist and diplomat

Hugh Gardner Ackley was an American economist and diplomat.

Kristin J. Forbes is an American economist. She is the Jerome and Dorothy Lemelson Professor of Management and Global Economics at the MIT Sloan School of Management.

<span class="mw-page-title-main">School of International and Public Affairs, Columbia University</span> School of Columbia University in New York

The School of International and Public Affairs at Columbia University (SIPA) is the international affairs and public policy school of Columbia University, a private Ivy League university located in Morningside Heights, Manhattan, New York City. It is consistently ranked one of the top graduate schools for international relations in the world.

<span class="mw-page-title-main">Marina von Neumann Whitman</span> American economist

Marina von Neumann Whitman is an American economist, writer and former automobile executive. She is a professor of business administration and public policy at the University of Michigan's Ross School of Business as well as The Gerald R. Ford School of Public Policy.

<span class="mw-page-title-main">William A. Niskanen</span> American economist (1933–2011)

William Arthur Niskanen was an American economist. He was one of the architects of President Ronald Reagan's economic program and contributed to public choice theory. He was also a long-time chairman of the Cato Institute, a libertarian think-tank.

<span class="mw-page-title-main">Harvey S. Rosen</span> American economist

Harvey Sheldon Rosen is an American economist and academic. Prior to his retirement and subsequent appointment as Emeritus Professor in 2019, Rosen was the John L. Weinberg Professor of Economics and Business Policy at Princeton University, and former chairperson of the Council of Economic Advisers. His research focuses on public finance. Harvard University economist and former Council of Economic Advisers chairman Greg Mankiw credits Rosen as one of four mentors who taught him how to practice economics, along with Alan Blinder, Larry Summers, and Stanley Fischer.

<span class="mw-page-title-main">Under Secretary of Commerce for Economic Affairs</span> Post in U.S. government

The Under Secretary of Commerce for Economic Affairs, or USC-EA, is a high-ranking official in the United States Department of Commerce that serves as the principal adviser to the United States Secretary of Commerce on economic analysis. The Under Secretary is ex officio the Administrator of the Economics and Statistics Administration.

<span class="mw-page-title-main">Alicia Munnell</span> American economist

Alicia Haydock Munnell is an American economist who is the Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management. Educated at Wellesley College, Boston University, and Harvard University, Munnell spent 20 years as an economist at the Federal Reserve Bank of Boston, where she researched wealth, savings, and retirement among American workers. She served in the Bill Clinton administration as Assistant Secretary of the Treasury for Economic Policy and as a member of the Council of Economic Advisers. Since 1997 she has been a professor at Boston College and director of its Center for Retirement Research, where she writes on retirement income policy.

<span class="mw-page-title-main">Martin Anderson (economist)</span> American academic, economist, and policy analyst

Martin Anderson was an American academic, economist, author, policy analyst, and adviser to US politicians and presidents, including Ronald Reagan and Richard Nixon. Under the Nixon administration, Anderson was credited with helping to end the military draft and creating the all-volunteer armed forces. Under Reagan, Anderson helped draft the administration’s original economic program that became known as “Reaganomics.” A political conservative and a strong proponent of free-market capitalism, he was influenced by libertarianism and opposed government regulations that limited individual freedom.

<span class="mw-page-title-main">Douglas Elmendorf</span> American economist

Douglas William Elmendorf is an American economist who is the dean and Don K. Price Professor of Public Policy at the John F. Kennedy School of Government. He previously served as the Director of the Congressional Budget Office (CBO) from 2009 to 2015. He was a Brookings Institution senior fellow from 2007 to 2009, and briefly in 2015 following his time at the CBO, and was a director of the Hamilton Project at Brookings.

<span class="mw-page-title-main">Michael Barr (Treasury official)</span> American legal academic (born 1965/1966)

Michael S. Barr is an American legal scholar who has been the second vice chair of the Federal Reserve for supervision since 2022. From 2009 to 2011, he was assistant secretary of the treasury for financial institutions under President Barack Obama.

<span class="mw-page-title-main">Betsey Stevenson</span> American economist

Betsey Ayer Stevenson is an economist and Professor of Economics and Public Policy at the University of Michigan Gerald R. Ford School of Public Policy. Additionally, she is a fellow of the Ifo Institute for Economic Research in Munich, a research associate at the National Bureau of Economic Research and servers on the board of the American Economic Association. The Obama Administration announced her appointment as a Member of the Council of Economic Advisers, a post she served from 2013 through 2015. She previously served as Chief Economist of the U.S. Department of Labor under Secretary Hilda Solis from 2010 to 2011. Previously, she was an Assistant Professor of Business and Public Policy, at the Wharton School of the University of Pennsylvania.

<span class="mw-page-title-main">Phillip Swagel</span> Director of the Congressional Budget Office

Phillip Lee "Phill" Swagel is an American economist who is currently the director of the Congressional Budget Office. As Assistant Secretary of the Treasury for Economic Policy from 2006 to 2009, he played an important role in the Troubled Asset Relief Program that was part of the U.S. government's response to the financial crisis of 2007–08. He was recently a Professor in International Economics at the University of Maryland School of Public Policy, a non-resident scholar at the American Enterprise Institute, senior fellow at the Milken Institute, and co-chair of the Bipartisan Policy Center's Financial Regulatory Reform Initiative.

<span class="mw-page-title-main">Janice Eberly</span> American economist

Janice Caryl "Jan" Eberly is an American economist. Since 2002 she has been the James R. and Helen D. Russell Distinguished Professor of Finance at the Kellogg School of Management of Northwestern University. She served from 2011 to 2013 as Assistant Secretary of the Treasury for Economic Policy and chief economist of the United States Department of the Treasury. She was named a Fellow of the American Academy of Arts and Sciences in 2013. Her research focuses on the intersection of macroeconomics and finance.

<span class="mw-page-title-main">Karen Dynan</span> American economist

Karen Dynan is an American economist who is Professor of the Practice of Economics at Harvard University and a Non-resident Senior Fellow at the Peterson Institute for International Economics. She previously served as the Assistant Secretary of the Treasury for Economic Policy and Chief Economist of the United States Department of the Treasury, having been nominated to that position by President Barack Obama in August 2013 and confirmed by the U.S. Senate in June 2014. From 2009 to 2013, Dr. Dynan was the Vice President and Co-director of the Economic Studies program at the Brookings Institution. Prior to joining Brookings, she served on the staff of the Federal Reserve Board for 17 years. Dr. Dynan is an expert on macroeconomic policy, consumer behavior, household finance, and housing policy.

<span class="mw-page-title-main">Ramin Toloui</span>

Ramin Toloui is an American academic, civil servant, and financial advisor who serves as Assistant Secretary of State for Economic and Business Affairs in the Biden Administration.

<span class="mw-page-title-main">D. Nathan Sheets</span> American economist and government official

D. Nathan Sheets is an American economist and government official who served as Under Secretary of the Treasury for International Affairs from 2014 to 2017. He has been Global Chief Economist at Citigroup since October 2021.

<span class="mw-page-title-main">David I. Meiselman</span> American economist

David I. Meiselman was an American economist. Among his contributions to the field of economics are his work on the term structure of interest rates, the foundation today of the implementation of monetary policy by major central banks, and his work with Milton Friedman on the impact of monetary policy on the performance of the economy and inflation.

References

  1. 1 2 3 4 5 6 United States Department of the Treasury. "History of the Office of Economic Policy" (PDF). Retrieved Sep 24, 2014.
  2. 1 2 3 4 5 6 7 8 9 10 11 Farnsworth, Clyde H. (Jan 29, 1984). "Commerce's new economist: Sidney Jones; the man behind all those numbers". The New York Times . Retrieved Sep 23, 2014.
  3. 1 2 3 4 5 "Hearing before the Committee on Finance, United States Senate, One Hundred First Congress, First Session, on the nomination of Sidney Lewis Jones to be Assistant Secretary of the Treasury for Economic Policy". United States Senate Committee on Finance. Oct 16, 1989. Retrieved Sep 23, 2014.
  4. ↑ "Nomination of Robert Ortner To be an Under Secretary of Commerce". The American Presidency Project. Mar 7, 1986. Retrieved Sep 24, 2014.
  5. ↑ Nash, Nathaniel C. (Aug 2, 1986). "Leading indicators rise 0.3%". The New York Times .
  6. 1 2 3 "Sidney L. Jones". Richard Nixon Presidential Library and Museum . Retrieved Sep 23, 2014.
  7. ↑ "Nomination of Sidney L. Jones to be an Assistant Secretary of the Treasury". The American Presidency Project. Aug 4, 1989. Retrieved Sep 23, 2014.
  8. ↑ Smith, Meredith M. (May 6, 2006). "Supreme court justices honor administrator". LDS Church News. Retrieved Sep 23, 2014.
  9. 1 2 3 4 5 "Sidney L. Jones Papers". Gerald R. Ford Presidential Library and Museum . Retrieved Sep 23, 2014.
  10. ↑ Jones, Sidney L. (2008). Greenspan Council. University Press of America. p. 202.
  11. 1 2 Barnum, Alexander (Nov 11, 1985). "Newsmakers". Washington Post . p. 14.
  12. 1 2 Roderick, Lee (Jan 12, 1977). "Utah-born economist for Ford praises Pres.-elect to face". The Daily Herald .
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.