Martin Feldstein (1939-2019)

Martin Feldstein

Martin Feldstein passed away yesterday, surrounded by family.

We will remember Marty as the founding President of our Economics of National Security Association. During the post 9/11 era, Marty advocated quickly and forcefully for increased attention among economists to security issues. He began teaching a course on the economics of national security, and founded a regular National Security meeting at the National Bureau of Economic Research. Since 2006 he had served on the Foreign Intelligence Advisory Board. The subsequent increase in high quality research we’ve seen on security issues was a source of great satisfaction for him –especially that of young scholars. It was also evidence of his prescience.

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Marty’s other accomplishments are remarkable. He is the father of modern health economics, the architect of the expansion of the National Bureau of Economic Research since the 1980s, a champion of fiscal responsibility as Chairman of the Council of Economic Advisors during the Reagan administration, and a friend and mentor to innumerable researchers and practitioners. His relentless efforts for better thinking to solve some of the nation’s most challenging problems was an inspiration for his students and his colleagues.

Marty’s gentle but insistent questions, which redirected a seminar or discussion in a more productive direction, will be sorely missed. We were truly fortunate to have him among us.