Hoover Institution: Honoring the Economic Legacy of George P. Shultz

Originally published on hoover.org.

Hoover Institution (Stanford, CA)—Federal Reserve Chair Jerome Powell joined Hoover Institution Director Condoleezza Rice, Senior Fellow Michael J. Boskin, and Distinguished Policy Fellow Peter M. Robinson to discuss the economic legacy of former Secretary of State and Senior Fellow George P. Shultz.

Before leading the State Department for President Ronald Reagan, Shultz served as secretary of labor, secretary of the Treasury, and director of the Office of Management and Budget in the Nixon administration. Informing that service were years of work as an economist at the University of Chicago and MIT.

Speaking of Shultz’s legacy, Powell said he was someone who “combined strong principles and unshakable integrity with common sense and a practical, problem-solving approach to policy.”

“As one of the most successful policymakers of his era, George brought the intellectual rigor of an academic to the practical, constrained, messy work of policymaking through four cabinet appointments,” Powell said. “He dealt with many of the great issues of his day with remarkable success, and he kept at it long after leaving public office, making important contributions here at Hoover on healthcare reform, climate change, nuclear disarmament, and other areas.”

The lecture series, which previously featured a discussion on Shultz’s achievements for human rights, was made possible by the Koret Foundation.

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