Adolph C. Miller

Adolph Caspar Miller
Born	Template:Birth date San Francisco, California, U.S.
Died	February 11, 1953(1953-02-11) (aged 87)
Occupation(s)	Economist, professor
Years active	1890s–1936
Known for	Member of the Federal Reserve Board (1914–1936)

Adolph Caspar Miller (January 7, 1866 – February 11, 1953) was a distinguished American economist who held a position on the Federal Reserve Board from 1914 until 1936. He completed his studies and taught economics at the University of California, Berkeley, where he was also a significant donor.

Early life

Miller was born in San Francisco and obtained his degree from the University of California before pursuing further education in Paris and Munich. His academic career included teaching at Harvard University, followed by assistant professorships at Berkeley and Cornell University. Eventually, he advanced to a full professorship in finance at the University of Chicago. In 1895, he married Mary Sprague, whose father was a notable businessman in Chicago.

University and political career

Returning to Berkeley in 1902, Miller assumed the role of Flood Professor of Finance and directed the College of Commerce, which later evolved into the Haas School of Business, until 1913. That same year, his acquaintance Franklin Knight Lane, appointed Secretary of the Interior by President Woodrow Wilson, invited him to serve as Assistant Secretary and head of the Bureau of National Parks.

Miller was appointed in 1914 as one of the inaugural members of the Federal Reserve Board, receiving the longest initial term of ten years among his peers. During World War I, as the Board’s only economist, he supported measures aimed at curbing public expenditures through increased taxation. After a 22-year tenure on the Board, he retired in 1936.

His financial contributions to UC Berkeley continued throughout his life; notably, the Miller Institute for Basic Research in Science bears his name. Additionally, his residence in Washington, D.C., designed in 1924 by architect Hall Pleasants Pennington, is recognized as a historic landmark within the Sheridan-Kalorama neighborhood.

External links

• Statements and Speeches of Adolph C. Miller