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Fellner, William J. (1905-1983)

The following sources are recommended by a professor whose research specialty is economist William Fellner.


Six Superlative Sources

· Marshall, James N., "Fellner, William J.," in Biographical Directory of the Council of Economic Advisers, edited by Robert Sobel and Bernard S. Katz, Greenwood Press, 1988, pp.67-75. This is the first work of any length about Fellner. His U.S. Senate confirmation hearings to the Council of Economc Advisers receives special emphasis.

· Adelman, Irma, "Fellner, William John (1905-1983)," in The New Palgrave: A Dictionary of Economics, Volume 2, edited by John Eatwell, Murray Milgate, and Peter Newman, Stockton Press, 1987, p. 301.

· Marshall, James N., "Fellner, William J.," in An Encyclopedia of Keynesian Economics, edited by Thomas Cate, Edward Elgar, 1997, pp. 182-185.

· Marshall, James N., William J. Fellner: A Bio-Bibliography, Greenwood Press, 1992. This book-length treatment of Fellner's life and work is the most comprehensive available and includes an annotated bibliography of all works by and about Fellner.

· Fellner, William J., Competition among the Few, Knopf, 1949. Still an important work today, this book is Fellner's contribution to oliogoploy theory.

· Fellner, William J., Towards a Reconstruction of Macroeconomics: Problems of Theory and Policy, American Enterprise Institute, 1976. Fellner hoped the credibility of this book would effect his lasting contribution to macroeconomic theory.

Other Excellent Sources

· Fellner, William J., Correcting Taxes for Inflation, Domestic Affairs Study 34, American Enterprise Institute, 1975, pp. 1-47, co-authored with Kenneth W. Clarkson and John H. Moore. Few realize that Fellner was instrumental in seeing that the tax system is adjusted for the effects of inflation. This article provides his main views.

· Fellner, William J., "Lessons from the Failure of Demand-Management Policies: A Look at the Theoretical Foundations," Journal of Economic Literature, March, 1976, pp. 34-53. Fellner opposed the use of a fine-tuning fiscal policy associated with Keynesian econmics. In this article he tells why and states his own policy positions.

· Fellner, William J., "Neo-Keynesianism, Monetarism, and the Short and Long Run," Chapter Three in Theory for Economic Efficiency: Essays in Honor of Abba P. Lerner, edited by Harry I. Greenfield, Albert M. Levenson, William Hamovitch, and Eugene Rotwein, MIT Press, 1979, pp. 24-45. Fellner gives his views on the Keynesian-monetarist debate.

· Fellner, William J., "March into Socialism, or Viable Postwar Stage of Capitalism?" Chapter Three in Schumpeter's Vision: Capitalism, Socialism and Democracy after Forty Years, edited by Arnold Heertje, Praeger, 1981, pp. 45-68. This article is a good example of Fellner as scholar, giving his assessment of Marx's and Schumpeter's claim that capitalism was doomed.

· Fellner, William J., "Economic Theory amidst Political Currents: The Spreading Interest in Monetarism and in the Theory of Market Expectations," Weltwirtschaftliches Archiv, September, 1982, pp. 409-429. In this article Fellner is optimistic about the prospects for market capitialism given what he sees as a move away from intrusive neo-Keynesianism in policy- making circles.

· Fellner, William J., "Criteria for Useful Targeting: Money versus the Base and Other Variables," Journal of Money, Credit and Banking, November, 1982, Part 2, pp. 641-660. This article gives Fellner's views on the proper conduct of monetary policy.

· Fellner, William J., "Gold and the Uneasy Case for Responsibly Managed Fiat Money," Chapter Five in Reflections on a Troubled World Economy: Essays in Honor of Herbert Giersch, edited by Fritz Machlup, Gerhard Fels, and Hubertus Muller-Groeling, St. Martin's Press, 1983, pp. 91-116. This article provides Fellner's views on the international payments system.

· Smith, J.Y., "William Fellner, Ex-Economic Adviser, Dies," The Washington Post, September 16, 1983, p. B6. This is a lengthy obituary.

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