John Taylor, author of FIRST PRINCIPLES

John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University‘s Hoover Institution.

Born in Yonkers, New York, John earned his A.B. from Princeton University in 1968 and Ph.D. from Stanford in 1973, both in economics.

He taught at Columbia University and the Woodrow Wilson School and Economics Department of Princeton University before returning to Stanford.

In a 1993 paper he proposed the Taylor rule, intended both as a recommendation about how nominal interest rates should be determined and as a rough summary of how central banks actually do set them.

He has been active in public policy, serving as the Under Secretary of the Treasury for International Affairs during the first term of the George W. Bush Administration.

He was a member of the President’s Council of Economic Advisors during the George H. W. Bush Administration and Senior Economist at the Council of Economic Advisors during the Ford Administration.

Thomson Reuters lists John among the ‘citation laureates’ who are likely future winners of the Nobel Prize in Economics