Herbert Stein (August 27, 1916 – September 8, 1999) was an American economist, a senior fellow at the American Enterprise Institute, and a member of the board of contributors of The Wall Street Journal. He was the chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford. From 1974 to 1984, he was the A. Willis Robertson Professor of Economics at the University of Virginia.
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Biography
Stein was born on August 27, 1916, in Detroit, Michigan. His family moved to New York during the Great Depression. Stein enrolled in Williams College just before he turned 16. After graduating with Phi Beta Kappa honors, he went to Washington, DC, to work as an economist in various agencies. Stein received his doctorate in economics from the University of Chicago in 1958.
Stein, who died September 8, 1999, in Washington, DC, was married to Mildred Stein, who died in 1997 after 61 years of marriage. He is the father of the lawyer, author, and actor Ben Stein and the writer Rachel Stein. Herbert Stein was also the original writer for the advice column Dear Prudence.
Views
Stein was known as a pragmatic conservative and was referred to as "a liberal's conservative and a conservative's liberal." He was the author of The Fiscal Revolution in America.