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Why Capitalism?
LUNCHEON 11:30 a.m.; LECTURE 12:00 p.m.

Allan H. Meltzer is one of the world's foremost authorities on the history of the U.S. Federal Reserve. From 1973 to 1999, he served as the chair of the Shadow Open Market Committee, a group of economists that critiqued the decisions of the Fed's Open Market Committee. He served on the Council of Economic Advisers for Presidents Kennedy and Reagan. In 2001, he published the first of a two volume history of the Federal Reserve and is completing work on the second volume. He chaired the International Financial Institution Advisory Committee which in 2003 recommended reforms at the International Monetary Fund and World Bank.

A distinguished visiting fellow at the Hoover Institution and the Allan H. Meltzer University Professor of Political Economy at the Tepper School of Business at Carnegie Mellon University, Professor Meltzer has been awarded the Truman Medal for Economic Policy. Established in 2005, the medal recognizes economists who have made extraordinary contributions to the formation of economic policy. The award went to Alan Greenspan in 2005, George P. Shultz in 2007, and Paul Volker in 2009. The Truman Medal honors Meltzer’s pioneering academic work in monetary policy, political theory, and economic history; his many practical contributions to improved economic policy; and his unswerving devotion to capitalism and individual liberty.

Dr. Meltzer’s Athenaeum lecture is sponsored by the Dean of the Faculty at Claremont McKenna College.