Apr 07, 2021

By Andy Johnson

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The Canadian economist, who gave the world the Euro and Reaganomics and won a Nobel Prize along the way, has died.

Robert A. Mundell was born in Kingston, Ont., educated in Canada and said after he won the Nobel Prize in 1999, understanding exchange rates in the Canadian context was his advantage.

He taught at the University of Chicago and Columbia University among other places.  His work encouraged many European nations to give up their currencies to join a larger monetary union and he provided intellectual grounding for lowering the top tax rates on the rich.  That idea became known as “supply-side economics” and “Reaganomics” in the United States.

Robert Mundell died of cancer over the weekend at his home in Siena, Italy.  He was 88.

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