Martin S. Feldstein

President Emeritus, National Bureau of Economic Research

Martin Feldstein is the George F. Baker professor of economics at Harvard University and president emeritus of the National Bureau of Economic Research (NBER). He served as president and chief executive officer of the NBER from 1977–82 and 1984–2008. He continues as a research associate of the NBER. From 1982 to 1984, he was chairman of the Council of Economic Advisers and President Reagan's chief economic adviser. He served as president of the American Economic Association in 2004. In 2006, President Bush appointed him to be a member of the President's Foreign Intelligence Advisory Board. In 2009, President Obama appointed him to be a member of the President's Economic Recovery Advisory Board. He is based in Cambridge, MA.


Foreign Affairs Article

The Underfunded Pentagon

Author: Martin S. Feldstein

The defense budget of the United States, the world's leading military power throughout the twentieth century, is not enough for the country to confront the threats of the twenty-first. It should be increased -- and can be without negatively affecting the economy. The money is available; it must be joined by political will.

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