April 2, 2003 | News Releases on
Miles to Head International Economics Center at Heritage Foundation
WASHINGTON, APRIL 1, 2003
--There aren't many
economists who can credibly bill themselves as having the ability
to "talk like a regular human being." Dr. Marc Miles is one of
them-and he's just been named director of the Center
for International Trade and Economics (CITE)
at The Heritage
Foundation, a prominent think tank here.
Miles, an author and former tenured professor who has served as an
executive at three economic and investment firms, is one of the
original "supply side" economists and has worked and co-authored a
book with Arthur Laffer, inventor of the famed "Laffer Curve." He
replaces Gerald O'Driscoll, who left Heritage in January to return
to the Cato Institute.
As CITE's new director, Miles will head its state-of-the-art
research on the role of free markets and democracy in fostering
economic growth around the world. The center's signature
publication in this area is the annual "Index of
," a country-by-country guide co-published with
The Wall Street Journal
In addition to serving as co-editor of the Index, Miles will
direct the activities of CITE researchers and analysts. He also
will work with other think tanks and economic groups to inform
members of Congress, the media, and the public about the
relationship between free trade, economic freedom and
"Marc's ability to put difficult economic concepts into everyday
English will be a tremendous asset," said Larry Wortzel, Heritage's
vice president of foreign policy studies. "His ability to talk like
a regular human being will help us promote the Heritage vision of
using free-market policies to advance freedom and prosperity
Before coming to Heritage, Miles was executive vice president of
Laffer Associates, a San Diego firm founded by Arthur Laffer. Miles
also was executive vice president and marketing director at Lehrman
Bell Mueller Cannon Inc., an Arlington, Va.-based firm that
specializes in economic, financial and political advice. Before
that, he was an executive vice president at H.C. Wainwright and Co.
Economics Inc., a Boston firm.
In the 1970s and 1980s, Miles taught economics at Brandeis
University in Waltham, Mass., and Rutgers University in New
Brunswick, N.J. He also served as an economist at the Federal
Reserve Bank of New York, where he was responsible for forecasting
the U.S. trade balance, and as an economic adviser to Thomas Kean,
who successfully ran for governor of New Jersey in 1981.
Miles holds an economics degree from the London School of
Economics and bachelor's, master's and doctoral degrees in
economics from the University of Chicago. His articles on the
globalization of financial and commercial markets have appeared in
The New York Times
and The Wall Street
He also has written three books: "Beyond Monetarism" (Basic Books,
1984); "International Economics
in an Integrated World"
(co-authored with Laffer) (Scott, Foresman & Co., 1982); and
"Devaluation, the Trade Balance and the Balance of Payments"
(Marcel Dekker & Co., 1978).
With more than 200,000 individual, foundation and corporate
supporters, The Heritage Foundation is the most broadly supported
public policy research institute in the country. The 30-year-old
institution has a staff of 185 and an annual budget of $30 million.