“Who's Afraid of Arthur Burns?” The NBER and the Foundations

Malcolm Rutherford

Journal of the History of Economic Thought, 2005, vol. 27, issue 2, 109-139

Abstract: The National Bureau of Economic Research (NBER) was founded in 1920 and quickly came to be regarded as one of the leading economic research organizations in the world. The NBER still exists today and still enjoys a high reputation, but the NBER of today bears little resemblance to the organization it once was. Between 1920 and the present the NBER has undergone a number of significant changes in form, function, and direction, and this history is one that includes moments of considerable drama. There were times of great financial stress, to the point where the future existence of the organization was in doubt, times when the organization seemed to be able to maintain a highly favored financial status despite outside criticism, and times of sharp conflict between the Bureau and its financial patrons.

Date: 2005
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