Profile Major Works Resources

Henry C. Wallich, 1914-1988.

German-born banker and international finance professor at Yale and US government advisor.

Born in Berlin to a German banking family, Henry Christopher Wallich studied at Munich and Oriel College, Oxford.  Wallich left Germany in 1933.  After a period working for the family firm in South America, Wallich came to the US in 1935 to work for Chemical Bank, while taking economics classes at NYU.  He joined the Federal Reserve as a researcher in 1941, and along the way earned a Ph.D.from Harvard in 1944.   In 1951, Wallich left the Fed at joined the faculty at Yale University, where he would remain attached for the next few decades.

 Henry C. Wallich served frequently as US government advisor at the Treasury  was on the US Council of Economic Advisors from 1959 to 1961.  In 1974, Wallich resigned from Yale to take up a position as governor of the Federal Reserve Board, remaining until 1986.  A public commentator (Wallich had columns in Newsweek and the Washington Post for a spell).  In 1971, Wallich promoted the TIP program with Sidney Weintraub to combat inflation.

 

  

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Major Works of Henry C. Wallich

  • Monetary and Banking Legislation of Dominican Republic, with R. Triffin, 1947.
  • Monetary Problems of an Export Economy, 1950.
  • Public Finance in a Developing Country, with J.H. Adler, 1951
  • Mainsprings of German Revival, 1955.
  • The Cost of Freedom, 1960
  • "Panel: the role of money in international economic policy", 1969, Contrilling Monetary Aggregates, Boston FRB [pdf]
  • "Stockholder Interest and the Corporation's Role in Social Policy" with J.J. McGowan, 1970, in A New Rationale for Corporate Social Policy [pdf]
  • "A Tax-Based Incomes Policy", with S.Weintraub, 1971, JEI.
  • "The Monetary Crisis of 1971 - the lessons to be learned", with C.J. Morse and I.G. Patel, 1972 [pdf]
  • "The Redefinition of Official Monetary Aggregates", with W.G. Trepeta, 1981 Case Western Reserve Journal of Intl Law [pdf]

 
HET

 
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Resources on Henry Wallich

  • "Henry C. Wallich, a third generation banker" by Saul Engelbourg [pdf]
  • Wallich profile at Federal Reserve history
  • International Monetary Cooperation: Essays in honor of Henry C. Wallich, 1987 [pdf]
  • Wallich obituary at Washington Post, 1988
  • Wallich obituary in NY Times, 1988
  • "Henry C. Wallich and his dislike of inflation" editorial in Washington Post, 1988
  • "A Tax-Based Incomes Policy (TIP): What's it all about?" by N.A. Jianakoplos, 1978, FRB St. Louis [pdf]
  • Wikipedia

 

 
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