Dale Weldeau Jorgenson American economist Date of Birth: 07.05.1933 Country: USA

1. Biography of Dale Weldeau Jorgenson
2. Education and Career
3. Contributions and Research
4. Awards and Memberships

Biography of Dale Weldeau Jorgenson

Dale Weldeau Jorgenson was born on May 7, 1933, in Bozeman, Montana. He is an American economist who received the prestigious John Bates Clark Medal from the American Economic Association in 1971. This award is given once every two years to American economists under the age of 40 who have excelled in economic research.

Education and Career

Jorgenson is an honorary professor at Harvard University, teaching at the Department of Economics in the John F. Kennedy School of Government. He served as the chair of the Department of Economics from 1994 to 1997. Jorgenson was a founding member of the Board on Science, Technology, and Economic Policy of the National Research Council in 1991 and served as its chair from 1998. He also held the position of Chair of Section 54, Economic Sciences, in the National Academy of Sciences from 2000 to 2003 and was the President of the Econometric Society in 1987. In addition, Jorgenson served as the President of the American Economic Association in 2000.

Contributions and Research

Jorgenson's research has made significant contributions to the field of economics. He received the John Bates Clark Medal for his exceptional work in economic research. He is known for advocating the implementation of a greenhouse gas emissions tax as a means to mitigate global warming. In 1997, he presented his research to Congress, which was used to promote the "FairTax" movement, proposing a tax reform in the United States by replacing all federal taxes, including income tax for individuals and corporations, with a single consumption tax. However, Jorgenson himself supports his own tax plan called the "Efficient Taxation of Income." He outlines the details of his tax system in his book "Investment, Vol. 3: Lifting the Burden: Tax Reform, the Cost of Capital, and U.S. Economic Growth." His approach would allow for differentiated tax rates on income based on ownership type and earning income from work.

Awards and Memberships

In addition to receiving the John Bates Clark Medal, Jorgenson is a member of the Royal Swedish Academy of Sciences. His contributions to the field of economics have earned him recognition and respect from his colleagues and peers worldwide.