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Education
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Ph.D. (Economics), 1970, and M.A. (Economics), 1968,
University of Chicago;
A.B. (senior fellow), 1967, Dartmouth
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Key
Words
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capital markets,
consumer price index,
corporate earnings,
employment,
Federal Reserve,
inflation,
interest,
rates,
monetary policy,
productivity growth,
banking,
biotechnology,
macroeconomics,
international finance,
money and banking,
industrial
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A recognized
authority in macroeconomics and international finance, Michael Darby has
achieved great success in both the academic and public sectors. From 1986
to 1992, Darby served in a number of senior positions in the Reagan and
Bush administrations including Assistant Secretary of the Treasury for
Economic Policy, Member of the National Commission on Superconductivity,
Under Secretary of Commerce for Economic Affairs, and Administrator of the
Economics and Statistics Administration. During his appointment, he
received the Treasury’s highest honor, the Alexander Hamilton
Award.
Dr. Darby is the widely-cited author
of eight books and monographs and numerous other professional
publications. His most recent research has examined the growth of the
biotechnology industry in the United States and in California, and the
role that universities and their faculties play in encouraging local
economic development.Concurrently he holds appointments as chairman of The
Dumbarton Group, research associate with the National Bureau of Economic
Research, and adjunct scholar with the American Enterprise Institute. He
is also director of UCLA’s John M. Olin Center for Public Policy, a
position he has held since 1993. Previous to his Anderson School
appointment in 1987, Darby held faculty positions or fellowships with
UCLA’s department of economics, Stanford University, and Ohio State
University. From his schooling to 1982, he also was vice president and
director of Paragon Industries, Inc., a Dallas manufacturer of
high-temperature kilns, furnaces, and refractories.
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