Last updated on: 1/30/2013 | Author: ProCon.org

Douglas Irwin, PhD Biography

Title:
Professor of Economics at Dartmouth College
Position:
Con to the question "Should the United States Return to a Gold Standard?"
Reasoning:

“The United States should avoid anything that remotely resembles a gold standard. Fixing the exchange rate against gold diverts the focus of monetary policy away from ensuring domestic economic stability to maintaining an arbitrary exchange-rate target. That is the wrong approach when the economy is still suffering from the aftermath of the recent financial crisis.

The Federal Reserve should be free to take whatever actions it feels necessary to promote economic growth and ensure stable prices without having to worry about the exchange rate. If the dollar depreciates against other currencies and other countries do not like it, so be it…

The United States should remain committed to a flexible, market-determined exchange rate regime to ensure its monetary independence and prevent the outbreak of damaging and counter-productive protectionism.”

“Hindering Recovery, Fostering Protectionism,” nytimes.com, Nov. 10, 2010

Theoretical Expertise Ranking:
Experts
Individuals with PhDs or equivalent advanced degrees in fields relevant to the gold standard. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to the gold standard.
Involvement and Affiliations:
  • John Sloan Dickey Third Century Professor in the Social Sciences, Dartmouth College, 2012-present
  • Board of Advisors, Center for Trade Policy Studies, Cato Institute, 1999-present
  • Research Associate, National Bureau of Economic Research, 1997-present
  • Visiting Professor, Leitner Program in International and Comparative Political Economy, Macmillan Center, Yale University, Sep.-Oct. 2011
  • Robert E. Maxwell ’23 Professor of Arts and Sciences, Dartmouth College, 2005-2012
  • Professor of Economics, Dartmouth College, 1997-2005
  • Chairman, Department of Economics, Dartmouth College, 2002-2004
  • Visiting Scholar, Research Department, International Monetary Fund, 1993, 2001, 2004
  • Associate Professor of Business Economics, Graduate School of Business, University of Chicago, 1994-1997
  • George J. Stigler Center for the Study of the Economy and the State, University of Chicago, 1992-1997
  • Henry C. Wendt Scholar in Political Economy, American Enterprise Institute, 1995-1996
  • Junior Research Fellow, Institute for Policy Reform, 1992-1995
  • Assistant Professor of Business Economics, Graduate School of Business, University of Chicago, 1991-1994
  • Economist, Division of International Finance, Board of Governors of the Federal Reserve System, 1988-1991
  • Junior Staff Economist, Council of Economic Advisers, Executive Office of the President, 1986-1987
Education:
  • PhD, Economics, Columbia University, 1988
  • MA, Columbia University, 1985
  • BA, magna cum laude, Political Science, 1984
Other:
  • Member, American Economic Association, Economic History Association, and the Cliometrics Society
  • Rockefeller Research Grant, Dartmouth College, 2007-2008
  • Fellowship, John Simon Guggenheim Memorial Foundation, 2004-2005
  • Principal Investigator, National Science Foundation grant, 2001-2003
  • Principal Investigator, National Science Foundation grant, 1999-2001
  • International Finance Section, Department of Economics, Princeton University, 1988
Quoted in:
Pro & Con Quotes: Should the United States Return to a Gold Standard?