Arthur Frank Burns
Arthur F. Burns Fields Economics, Macroeconomics Institutions Columbia University Rutgers University National Bureau of Economic Research Council of Economic Advisers Federal Reserve American Enterprise Institute Influences Wesley Clair Mitchell Influenced Milton Friedman, Anna Schwartz, George Stigler, Alan Greenspan Arthur Frank Burns (August 27, 1904 – June 26, 1987) was an American economist. His career alternated between academia and government. From 1927 to the 1970s, Burns taught and researched at Rutgers University, Columbia University, and the National Bureau of Economic Research. Burns was the chairman of the U.S. Council of Economic Advisors from 1953 to 1956 under Dwight D. Eisenhower's presidency. In 1953, he stated the American economy's "ultimate purpose is to produce more consumer goods." He served as the Chairman of the Federal Reserve from 1970 to 1978 and as Ambassador to West Germany from 1981 to 1985.