Charles P. Kindleberger Jr.

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Charles Poor "Charlie" Kindleberger, Jr.

Birthdate:
Death: July 07, 2003 (92)
Immediate Family:

Son of Rear Admiral Charles P. Kindleberger and Lucy Ann Huntsman
Husband of Sarah Miles
Father of Richard Kindleberger

Managed by: Private User
Last Updated:

About Charles P. Kindleberger Jr.

https://en.wikipedia.org/wiki/Charles_P._Kindleberger

Charles Poor "Charlie" Kindleberger (October 12, 1910 – July 7, 2003) was an economic historian and author of over 30 books. His 1978 book Manias, Panics, and Crashes, about speculative stock market bubbles, was reprinted in 2000 after the dot-com bubble. He is well known for hegemonic stability theory. He has been referred to as "the master of the genre" on financial crisis by The Economist.

Background

Kindleberger was born in New York City on October 12, 1910. He graduated from the Kent School in 1928, the University of Pennsylvania in 1932, and received a PhD from Columbia University in 1937.

During the summer of 1931, he traveled to Europe and attended a seminar hosted by Salvador de Madariaga, but, when the latter was appointed Spanish Ambassador to the United States, Kindleberger attended lectures at the Institute for International Studies in Geneva led by Sir Alfred Zimmern.

Government

Treasury

While writing his thesis, Kindleberger was employed temporarily in the international division of United States Treasury under the direction of Harry Dexter White. He then joined the Federal Reserve Bank of New York full-time (1936–1939). Subsequently, he worked at the Bank for International Settlements in Switzerland (1939-1940), the Board of Governors of the Federal Reserve System (1940–1942). During World War II, he served in the Office of Strategic Services (OSS). From 1945 to 1947 he was Chief of the Division of Economic Affairs of Germany and Austria at the United States Department of State.

Marshall Plan

Kindleberger was a leading architect of the Marshall Plan. In 1945–1947 he served at the Department of State as Acting Director of the Office of Economic Security Policy, and briefly from 1947-48 as counselor for the European Recovery Program.

He described his around-the-clock work to develop and launch the Marshall Plan with singular passion in a 1973 interview:

We were conscious of a great sense of excitement about the plan. Marshall himself was a great, great man—funny, odd but great—Olympian in his moral quality. We'd stay up all night, night after night. The first work ever done that I know about in economics on computers used the Pentagon's computers at night for the Marshall Plan. I had a tremendous sense of gratification from working so hard on it.

Harry Dexter White

Though he himself was spared anti-communist investigation during the 1950s, he later recalled:

...I worked in the Treasury under Harry Dexter White. That gave me a lot of trouble later on because he got in trouble, and anybody who was infected by him got into trouble, too. The FBI listened to my phone calls and things I said in the course of my work at the State Department and gave gossip and some misrepresentations to columnists like George Sokolsky. J. Edgar Hoover fed them such gossip.

Academia

After 1948, Kindleberger was appointed Professor of International Economics at MIT. He retired from a full-time position in 1976 and continued as a senior lecturer until full retirement from teaching in 1981.

He partook in working groups of the Council on Foreign Relations.

He later held the position of Ford International Professor of Economics at the Massachusetts Institute of Technology.

Honors

1944 Bronze Star

1945 Legion of Merit

1966 Dr. h.c., University of Paris

1977 Dr. h.c., University of Ghent

1978 Harms Prize, Institut für Weltwirtschaft, Kiel\

1984 Dr. Sci. h.c., University of Pennsylvania\ 1989 Bicentennial Medal, Georgetown University

Personal

Kindleberger was married to Sarah Miles Kindleberger for 59 years. They had four children: Charles P. Kindleberger III, Richard S. Kindleberger (a reporter for the Boston Globe), Sarah Kindleberger, and E. Randall Kindleberger.

He died of a stroke on July 7, 2003, in Cambridge, Massachusetts.

Writings

https://en.wikipedia.org/wiki/Charles_P._Kindleberger#Writings

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Charles P. Kindleberger Jr.'s Timeline

1910
October 12, 1910
1942
June 17, 1942
2003
July 7, 2003
Age 92