Age, Biography and Wiki

John Culbertson (economist) was born on 5 August, 1921 in Detroit, [pitigon], is an American economist. Discover John Culbertson (economist)'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 80 years old?

Popular As N/A
Occupation N/A
Age 80 years old
Zodiac Sign Leo
Born 5 August, 1921
Birthday 5 August
Birthplace Detroit, [pitigon]
Date of death 9 December, 2001
Died Place Madison, Wisconsin
Nationality United States

We recommend you to check the complete list of Famous People born on 5 August. He is a member of famous economist with the age 80 years old group.

John Culbertson (economist) Height, Weight & Measurements

At 80 years old, John Culbertson (economist) height not available right now. We will update John Culbertson (economist)'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Who Is John Culbertson (economist)'s Wife?

His wife is Frances M. Culbertson

Family
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Wife Frances M. Culbertson
Sibling Not Available
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John Culbertson (economist) Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is John Culbertson (economist) worth at the age of 80 years old? John Culbertson (economist)’s income source is mostly from being a successful economist. He is from United States. We have estimated John Culbertson (economist)'s net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income economist

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Timeline

1921

John Mathew Culbertson (August 25, 1921 – December 9, 2001) was an American professor of economics at the University of Wisconsin–Madison.

He was also an economist with the Board of Governors of the Federal Reserve System, as well as a consultant to the Subcommittee on International Finance of the House Banking and Currency Committee.

The earlier part of his distinguished career he specialized in the fields of economic development, money and banking, and macroeconomic stabilization policy.

In the process he also published a number of textbooks.

1970

During the late 1970s and the 1980s he became preoccupied with trade theory and policy.

During that time he published several books outlining his critical analysis of Ricardo's theory of comparative advantage to which he granted little relevance in a global economy characterized by low-wage exporting countries and high capital mobility.

His work on international trade can be seen today to be of particular interest in a world increasingly dominated by aggressive low-wage economies such as China, India, and Vietnam.

He is one of the few professional economists to ever be against unbalanced free trade.

Culbertson's turn to heterodoxy led to his critical work being largely ignored rather than debunked by the orthodox mainstream.

But he did have a few dedicated disciples, above all the renowned ecological economist and steady-state theorist Herman Daly, as well as the humanistic economist Mark A. Lutz.

2000

"The era of free trade eventually led to large trade deficits with countries with comparatively productive factories to ours but with much lower wages, most notably Mexico and China. As in every other advanced economy, the share of US manufacturing employment had long been drifting down. But the number of US factor[y] jobs held pretty constant around 17 million — until around 2000, when, over the next decade, almost 6 million such jobs were lost. Economists who've studied the period now refer to it as 'the China Shock.'"