Albert Rees

Born in New York City, Rees earned his bachelor's degree from Oberlin College in 1943. He later received his master's degree and his doctorate in economics from the University of Chicago. After obtaining his Ph.D. in 1950, he went on to chair the economics department at Chicago from 1962 to 1966 before moving to Princeton as economics chair there. He later co-authored a landmark labor study with George P. Shultz. Notable doctoral students at Princeton included the future Nobel Laureate James Heckman. Since 1997, Princeton University awards the "Albert Rees Prize" for an outstanding dissertation in labor economics. Oberlin College has also established multiple Albert Rees prizes, including a Fellowship and an Assistantship. Duke University Libraries has a special collection with his papers. Additional special collections at George Mason University Libraries and the Ford Presidential Library house archives for the Council on Wage and Price Stability, of which he was the founding director. == Council on Wage and Price Stability ==

The Council on Wage and Price Stability (COWPS or CWPS) Act was signed into law by President Ford in 1974, with Alfred E. Kahn replacing Rees as its head under the new administration. When Ronald Reagan took office in 1981, CWPS economists moved to the newly formed Office of Information and Regulatory Affairs. Some labor and economic regulator responsibilities merged back into their historic homes with the National Labor Relations Board and the Council of Economic Advisors. == Selected publications ==