P. Shultz to Be Awarded Truman Medal for Economic Policy
Truman Medal for Economic Policy will be awarded to George P. Shultz in
recognition of his extraordinary contributions to the formation of economic
policy. The award will be presented during a luncheon on Oct. 1, 2007
at the Muehlebach Hotel in Kansas City, Mo. The public is invited to attend.
The Truman Medal
for Economic Policy was established in 2005 to provide a forum to honor
and elevate the role of economics by selecting an individual who is distinguished
by extraordinary achievement in the formation and conduct of economic
policy. Created under the leadership of the Harry S. Truman Library Institute,
the Henry W. Bloch School of Business and Public Administration (UMKC),
the Economic Club of Kansas City, and the Missouri Council on Economic
Education, the medal reflects the creation of the Council of Economic
Advisers (CEA) under President Harry S. Truman. The CEA was formed under
the Employment Act of 1946 to provide analysis and advice related to national
and international economic policy issues.
George P. Shultz
is one of the nation's most distinguished economists and public servants.
As an economist, Dr. Shultz has authored several books on economic policy
and served as a professor at the Massachusetts Institute of Technology
and as a dean of the University of Chicago Graduate school of Business.
He is a distinguished fellow at Stanford University and the Hoover Institution.
In 1982, he was sworn in as the nation's sixtieth Secretary of State and
served in that role until 1989, when he was awarded the Medal of Freedom,
the nation's highest civilian honor. Other federal appointments include
secretary of labor, secretary of the treasury, and senior staff economist
on the President's Council of Economic Advisers.
The Truman Medal
for Economic Policy is given biennially and was inaugurated in 2005 with
an award presentation to then-Federal Reserve Chairman Alan Greenspan.
Recipients are chosen by a select group established by the organizing
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