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VOL. 23, NO. 5OCTOBER 3, 1997

Albert Gailord Hart, Economist, Dead at 88

Albert G. Hart

Albert Gailord Hart, the Columbia economist and policy planner, died Sept. 19 at his home in Sherman, Conn. He was 88 years old.

  His scholarly work and policy advocacy were marked by Keynesian economic perspectives: a preference for active government and national economic planning, and a concern for equity and efficiency in government policies and programs.

  He graduated from Harvard in 1930, and received his Ph.D. from the University of Chicago in 1936.

  He joined Columbia in 1946 as a visiting professor; in 1947 he became professor of economics, a post he held until his retirement in 1977.

  At his death he was still active as an economist and policy advocate, developing new proposals for understanding business cycles.

  His best known book, Money, Debt and Economic Activity, was published in 1948.

  He is survived by his wife, Ann Webster Hart; a daughter, Josephine of Bristol, Conn.; a son, Stephen, of Buffalo, N.Y., five grandchildren and four great grandchildren.

  A memorial service will be held in St. Paul's Chapel on Sat., Nov. 1, at 3:00 P.M.