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Release: Distributed Aug. 25, 1995
Contact: Jacquelyn Savani (609/258-5729)


Stephen Goldfeld

Princeton, N.J.--Stephen Goldfeld, 55, former provost of
Princeton University, died of cancer at his home in Princeton
Township on August 25. He was a professor of economics at
Princeton for more than 30 years and served as a member of the
President's Council of Economic Advisers under Jimmy Carter.

Goldfeld stepped down June 30 as provost of the University,
a post he had held since 1993. Princeton President Harold
Shapiro said, "This is a great loss to Princeton and to me
personally. Steve Goldfeld made exceptional contributions to the
University during his two years as provost and many years of
distinguished service and accomplishment as a member of the
Princeton faculty. It has been especially meaningful for me to
have worked closely with the person who had supervised my PhD
dissertation at Princeton."

Born on August 9, 1940, in the Bronx, N.Y., Goldfeld
graduated from Harvard College in 1960 and earned his PhD at
Massachusetts Institute of Technology in 1963. He joined the
Princeton faculty that same year. In 1966 he was granted tenure
at the age of 26, and in 1969 he was promoted to full professor.
Two years later, he was appointed the Class of 1920 (later
Harold Helm '20) Professor of Economics and Banking. He served
as chair of the Economics Department from 1981 to 1985 and again
from 1990 to 1993, when he was named provost. During his
Princeton career he served on many University committees,
including the Faculty Advisory Committee on Appointments and
Advancements, and the Priorities Committee.

A member of the President's Council of Economic Advisers in
1980-81, Goldfeld also served on the National Commission for
Employment Policy. He was a consultant to the Federal Reserve
Board and other government and private institutions. A member
and senior adviser of the Brookings Institution, he was a member
of the Brookings Panel on Economic Activity and a major
contributor to the publication of its proceedings. Named a
Guggenheim Fellow in 1989, he was previously a visiting faculty
member at Catholic University of Louvain in Belgium, the
University of California at Berkeley, and the Technion in Haifa,
Israel.

Among his major publications are Commercial Bank Behavior
and Economic Activity (1966); Nonlinear Methods in Econometrics
(with R.E. Quandt, 1972); and The Economics of Money and Banking
(with L.V. Chandler, ninth edition, 1985). In addition to
publishing many articles, he was associate editor of the
American Economic Review and five other major economic journals.

Goldfeld is survived by his wife Laura, whom he married in
1962; son Keith and daughter-in-law Rebecca Walzer of Manhattan;
daughter Melanie and son-in-law Kevin Powell of Berkeley, Calif;
and mother Ethel Yurman of Deerfield Beach, Fla.

Funeral services will be held at 11:00 a.m. Monday, August
28, in Alexander Hall on the Princeton University campus.
Arrangements are by Kimble Funeral Home of Princeton. Memorial
contributions in lieu of flowers should be sent to the Stephen
M. Goldfeld Memorial Fund, Office of the Recording Secretary,
Helm Building, 330 Alexander St., Princeton University. A
memorial service will be held on the Princeton campus at a time
to be announced in the fall.

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