Alan H. Meltzer

Allan H. Meltzer is an American economist and professor of Political Economy at Carnegie Mellon University’s Tepper School of Business in Pittsburgh, Pennsylvania. He is the author of dozens of academic papers and books on monetary policy and the Federal Reserve Bank, and is considered one of the world’s foremost experts on the development and applications of monetary policy.

Dr. Meltzer’s study A History of the Federal Reserve is considered the most comprehensive history of the central bank. Volume II, which covers the years since the Federal Reserve accord in 1951 to 1969, was released in February, 2010. Dr. Meltzer is considered to have originated the aphorism, “Capitalism without failure is like religion without sin.”

Books Authored

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“Why Capitalism? summarizes Professor Meltzer’s past scholarship for a general audience and reiterates his policy proposals in the context of the present economic crisis.