Quote of the day
It is only too easy to make suggestions and later try to escape the consequences of what we say.
Arthur F. Burns
Born: August 27, 1904
Died: June 26, 1987 (aged 82)
Bio: Arthur Frank Burns was an American economist. His career alternated between academia and government. From 1927 to the 1970s, Burns taught and researched at Rutgers University, Columbia University, and the National Bureau of Economic Research.
Known for:
- Prosperity without inflation (1957)
- Measuring business cycles (1946)
- The frontiers of economic knowledge (1954)