1908 - Born to Canadians of Scottish descent on the 15th of October. 1931 - Graduated from the Ontario Agricultural College with a B.Sc degree. 1933 - Received an M.Sc and Ph.D in Agricultural Economics. 1934 - University of California, Berkeley. - He also became a tutor at Harvard University. 1937 - He became a United States citizen, but he was honoured by his native country to his life's end and frequently adverted to his Canadian origins 1934-1939 - He taught intermittently at Harvard. - He taught at Princeton University. 1943-1948 - He served as editor of Fortune magazine. 1949 - He was appointed professor of economics at Harvard. 1961-1963 - He was appointed as U.S. ambassador to India. 1972 - He served as president of the American Economic Association.
- President of American Economic Association.
1984-1987 - President of American Academy of Arts and Sciences.
1997 - He was made an Officer of the Order of Canada. 2000 - He was awarded his second U. S. Presidential Medal of Freedom. 2006 - On the 29th of April, he died at Mount Auburn Hospital in Cambridge, Massachusetts of natural causes, after a two-week stay in the hospital.
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- "The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."
- "Nothing is so admirable in politics as a short memory.'"
- "Technology means the systematic application of scientific or other organized knowledge to practical tasks."
- "The salary of the chief executive of the large corporations is not an award for achievement. It is frequently in the nature of a warm gesture by the individual to himself."
- "Under capitalism, man exploits man. Under communism, it's just the opposite."