Retrospectives: Margaret Reid, Chicago, and Permanent Income

Margaret Gilpin Reid (1896–1990) began her career as a home economist and, with Dorothy Brady, Milton and Rose Friedman, played a central role in the development of the permanent income hypothesis at Chicago. Reid was the first woman to be elected Fellow of the American Economic Association, and was...

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Published in:The Journal of economic perspectives 2023-01, Vol.37 (4), p.251-264
Main Author: Forget, Evelyn L.
Format: Article
Language:English
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Summary:Margaret Gilpin Reid (1896–1990) began her career as a home economist and, with Dorothy Brady, Milton and Rose Friedman, played a central role in the development of the permanent income hypothesis at Chicago. Reid was the first woman to be elected Fellow of the American Economic Association, and was a key figure in the empirical tradition at the University of Chicago. This article examines the opportunities and constraints that shaped her career.
ISSN:0895-3309
1944-7965
DOI:10.1257/jep.37.4.251