Fellner, William John

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FELLNER, WILLIAM JOHN (1905–1983), U.S. economist. Fellner was born in Budapest and studied at the university there. Fellner's main interests lay in economic analysis and monetary policies. He was a partner in an industrial enterprise and lectured in economics in Budapest before going to the U.S. in 1938. He taught economics first at the University of California at Berkeley and, beginning in 1952, at Yale University, where he was appointed professor of economics and subsequently chairman of the department. Regarded as one of America's premier economists, Fellner served the United States government as consulting expert to the U.S. Treasury Department and the National Securities Board. In 1973 he was appointed by President Nixon to the U.S. Council of Economic Advisers. That year he was also appointed one of the first resident scholars of the American Enterprise Institute for Public Policy Research. He also served as a policy adviser to the *European Community.

His major publications include a treatise on War Inflation (1942), Monetary Policies and Full Employment (1946), Competition among the Few (1949), Trends and Cycles in Economic Activity (1956), Emergence and Content of Modern Economic Analysis (1960), Probability and Profit (1965), Maintaining and Restoring Balance in International Payments (1966), Ten Economic Studies in the Tradition of Irving Fisher (1967), Towardsa Reconstruction of Macroeconomics (1976), Contemporary Economic Problems (1978–81), and Economic Theory Amidst Political Currents: The Spreading Interest in Monetarism and in the Theory of Market (1982).


B. Balassa, Economic Progress, Private Values, and Public Policy: Essays in Honor of William Fellner (1972); J. Marshall, William J. Fellner: A Bio-Bibliography (1992).

[Joachim O. Ronall /

Ruth Beloff (2nd ed.)]