Robert Mundell, Nobel winning economist who backed radical tax cutting and was dubbed ‘father of the euro’ – obituary
He took pleasure in the idea that his work ‘stepped on a lot of intellectual toes‘, while it was said of him: ‘Bob is seldom wrong’
12 April 2021 • 6:52pm
Mundell: he argued that the project also needed the backing of ‘a strong central state’
Credit: Beth Keiser/Corbis via Getty
Robert Mundell, who has died aged 88, was a Canadian-born Nobel laureate economist whose work on “optimum currency areas” earned him the label of “father of the euro”.
Softly spoken but formidable in debate, Mundell was one of the most influential economic thinkers of his era, having developed iconoclastic ideas in academic papers, and as an IMF adviser in the late 1950s and 1960s, which entered the mainstream in the decades that followed.
Robert Mundell, Nobel-winning economist and architect of Reaganomics, dies at 88
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Robert Mundell, Nobel-winning economist and architect of Reaganomics, dies at 88
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Author of the article: Peter Hendra
Publishing date: Apr 05, 2021 • 2 hours ago • 5 minute read An April 1989 file photo of Robert Mundell, the 1999 Nobel Prize winner for economic sciences, in Kingston. Photo by Michael Lea /The Whig-Standard file photo
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Robert Mundell the Kingston-born economist who won the Nobel Prize in 1999 and was called “the godfather of the Euro” died Sunday in Italy at age 88.
Mundell, a longtime professor at New York’s Columbia University, won the Nobel Prize in economics for his work on currency exchange rates.
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ALASTAIR GRANT/The Associated Press
Robert A. Mundell, a Nobel Prize-winning economist whose theorizing opened the door to understanding the workings of global finance and the modern-day international economy, while his more iconoclastic views on economic policy fostered the creation of the euro and the adoption of the tax-cutting approach known as supply-side economics, died Sunday at his home, a Renaissance-era palazzo that he and his wife restored, near Siena, Italy. He was 88.
The cause was cholangiocarcinoma, cancer of the bile duct, said his wife, Valerie Natsios-Mundell.
Mr. Mundell, a Canadian who taught at the University of Chicago and Columbia University, among other places, was awarded the Nobel Memorial Prize in Economic Sciences in 1999 “for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.”