Word: hellers
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After getting his A.B. from Ohio's Oberlin College, Heller went to the University of Wisconsin for graduate study, there married a fellow student, a professor's daughter named Emily Johnson. Three years later, they got their Ph.D. degrees (hers in physiology) on the same day, "about seven seconds apart." Heller observes that their first child (they have three) was not born until after they won their degrees. "That proves how essentially conservative I am," he says...
...graduate specialty Heller chose finance and taxation. "It seemed to me the critical area, the jugular area, of Government economic policy." Heller has remained a "policy-oriented" economist. His career has been a shuttling back and forth between the university campus and Government bureaus...
Kept out of military service by dim eyesight (20/100 in one eye, 20/200 in the other). Heller spent the war years in the Treasury Department in Washington, working on the massive wartime increases in taxes. After the war, he joined the faculty at the University of Minnesota. But he sallied out at various times to serve as a financial adviser to U.S. Military Governor Lucius Clay in occupied Germany (1947-48), financial adviser to the U.N., a member of the Treasury team that worked out Korean war tax increases, fiscal adviser to Minnesota's Governor Orville Freeman (Secretary...
Behind a rather placid-seeming, professorial surface, Walter Heller seethes with drive and energy. In 1955, working on economic messages and policy papers for Governor Freeman atop a heavy academic load, Heller developed a stubborn case of rheumatic fever. Hospitalized for six months, he had a dictating machine set up beside his bed and kept right on working. He still takes a penicillin pill every morning to prevent a recurrence. For recreation back home in Minnesota, Heller used to go into the backyard and chop firewood for hours...
...Larger Task. President-elect Kennedy's first choice to head up CEA was not Walter Heller but Massachusetts Institute of Technology's Paul Samuelson, most eminent and influential of all U.S. economists. Samuelson declined in the belief that he could have more influence on the outside, recommended Heller for the post. For the other two seats on CEA, Heller chose two university economists much like himself in age and outlook...