Retrospectives: Margaret Reid, Chicago, and Permanent Income
AbstractMargaret Gilpin Reid (1896–1990) began her career as a home economist and, with Dorothy Brady, Milton and Rose Friedman, played a central role in the development of the permanent income hypothesis at Chicago. Reid was the first woman to be elected Fellow of the American Economic Association, and was a key figure in the empirical tradition at the University of Chicago. This article examines the opportunities and constraints that shaped her career.
CitationForget, Evelyn L. 2023. "Retrospectives: Margaret Reid, Chicago, and Permanent Income." Journal of Economic Perspectives, 37 (4): 251-64. DOI: 10.1257/jep.37.4.251
- B22 History of Economic Thought: Macroeconomics
- B31 History of Economic Thought: Individuals
- E21 Macroeconomics: Consumption; Saving; Wealth