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Press Release

Contact:
Mike Laffin
412-268-3486

For immediate release:
February 21, 2003

Carnegie Mellon's Allan Meltzer to Receive First-Ever Irving Kristol Award from American Enterprise Institute

PITTSBURGH—Carnegie Mellon University political economist Allan H. Meltzer will be the first recipient of the Irving Kristol Award from the American Enterprise Institute for Public Policy Research (AEI). The Kristol Award is the AEI's highest award and will be presented at the institute's annual dinner on February 26 in Washington, D.C.

The AEI Council of Academic Advisers chooses someone "who has made exceptional intellectual or practical contributions to improved government policy, social welfare, or political understanding" as the recipient of the Kristol Award. The council selected Meltzer to receive this year's award and give the Irving Kristol Lecture at the annual dinner because of his "pioneering academic work in monetary policy, political theory, and economic history, his many practical contributions to improved economic policy, and his unswerving devotion to individual liberty and government reform."

Professor of political economy at the Graduate School of Industrial Administration at Carnegie Mellon since 1957, Meltzer has authored more than 300 academic studies as well as the book, "A History of the Federal Reserve, Volume 1." He has also contributed to The Wall Street Journal, Financial Times and Los Angeles Times. Meltzer has been a visiting scholar at AEI since 1989 and was elected as a distinguished fellow to the American Economic Association in 2002. In addition, he served as policy advisor for multiple U.S. government administrations, including President John F. Kennedy's, and was a member of President Ronald Reagan's Council of Economic Advisors for 1988-1989. Most recently, Meltzer was one of 15 economists called upon by President George W. Bush for advice regarding his new economic growth package.

With 50 resident scholars and fellows and a network of more than 100 adjunct scholars, the AEI is America's largest "think tank" on economics and trade; social welfare; government tax, spending, and legal policies; U.S. politics; international affairs; and U.S. defense and foreign policies. The nonprofit organization publishes and distributes books, articles and reports to legislators, business people, journalists and academics.

The Kristol Award is replacing the Francis Boyer Award, the AEI's highest award for the past 25 years, which was named for a chief executive of SmithKline in the 1940s and 1950s. Former President Gerald R. Ford was the first recipient of the Boyer Award in 1977; Irving Kristol received the award in 1991.

The Kristol Award is replacing the Francis Boyer Award, the AEI's highest award for the past 25 years, which was named for a chief executive of SmithKline in the 1940s and 1950s. Former President Gerald R. Ford was the first recipient of the Boyer Award in 1977; Irving Kristol received the award in 1991.

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