Walter Heller, 1915–87, American economist, b. Buffalo, N.Y., grad. Oberlin College (A.B., 1935), Univ. of Wisconsin (M.A. 1938, Ph.D. 1941). He worked for the U.S. Treasury before joining the Univ. of Minnesota faculty in 1946 as a professor of economics. After service as a consultant to the United Nations (1952–60) and to the state of Minnesota (1955–60), he was chairman (1961–64) of the Council of Economic Advisers under President John F. Kennedy. He left the council in 1964 but continued to serve as a consultant to President Lyndon B. Johnson until 1969. Heller advocated deficit spending to spur economic growth, and federal revenue sharing with the states. Heller became a Regent's Professor at the Univ. of Minnesota in 1967; he retired in 1986. His writings include Monetary vs. Fiscal Policy (1969; with Milton Friedman) and The Economy (1976).
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Publication information: Article title: Heller, Walter. Encyclopedia title: The Columbia Encyclopedia, 6th ed.. © 2012 The Columbia Electronic Encyclopedia © 2012, Columbia University Press. Licensed from Columbia University Press. Used with the permission of Columbia University Press. All Rights Reserved. Publisher: The Columbia University Press. Place of publication: Not available. Publication year: 2013.
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