Neal, Alfred C. - from United States

ID: 15299
Organization: BBG
Country of meeting: GBR in the year 1958

Alfred C. Neal, an economist whose interest in developing the global economy influenced United States trade policy in the 1950's and 1960's. After Berkeley, he studied at the London School of Economics, where Harold Laski, the political theorist and socialist, was one of his professors. Dr. Neal earned his doctorate from Brown University. During World War II he worked at the Office of Price Administration, moving on to the Federal Reserve Bank of Boston.

Shortly after the war he became the first president of the Committee for Economic Development, a nonprofit organization of economists and company executives that tried to foster progress around the world. He worked with many prominent economists, including Alan Greenspan.

Dr. Neal's sister, Carolyn N. Hedley, said: ''The Depression left deep impressions on Al. When he graduated from Berkeley, all of the graduation speakers just spoke in despair and said we couldn't live without wars, that if you didn't have a war raging the economy would go to hell.''

With Arthur Burns and Donald Watson, Dr. Neal wrote ''Modern Economics,'' which became widely used in the 1940's as a basic textbook. He retired in 1976 from the Committee on Economic Development, and is credited with influencing the creation of the European Economic Community, helping to rebuild the German and Japanese economies after World War II, and getting the United States off the gold standard. He advised President Dwight D. Eisenhower, President John F. Kennedy and President Lyndon B. Johnson on trade as a member of several commissions.

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