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April 2, 2003

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 Economic Freedom," 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 prosperity.

"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 worldwide."

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 Journal.

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.

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