Currently alive, at 92 years of age.
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1926 – Born on September 13th in Newellton, Louisiana. American economist and administrator.
1945 – Brimmer was drafted into the Army and served for two years.
1950 – Brimmer enrolled in the University of Washington, earning a B.A. and an M.A. in economics.
1951 – He won a Fulbright grant for research in India, which produced his pioneering study of “Managing Agents” (Quarterly Journal of Economics), an early contribution to the development of Agency Theory.
1955 – Brimmer was employed by the Federal Reserve Bank of New York as an economist.
1957 – He received his Ph.D. degree from Harvard University.
1966 – He became a member of the Federal Reserve Governor, where he followed a moderate course on monetary policy, especially on issues involving taxation, government spending, and inflation.
– President Johnson appointed him to a full 14-year term as a Member of the Board of Governors of the Federal Reserve System.
1974 – He was appointed to a chair in the Business School of Harvard University, a post he held for 2 years.
1976 – He left the board to establish his own investment and consultant firm, Brimmer & Company.
1991 – Brimmer was elected to the Washington Academy of Sciences.
– Among Brimmer’s publications are books on “Life Insurance Companies in the Capital Market”, “Economic Development: International and African Perspectives”, “International Banking and Domestic Policy Perspectives” and “Economic Costs of Discrimination”.
1995-1998 – He was the first chairman of financial control board of Washington D.C.