Power & Market

Fred Glahe, R.I.P

Unfortunately, I’m only finding out about this now:  

Fred Glahe, who was an economics professor at the University of Colorado for many years, passed away on April 19, 2022. Fred was a longtime member of the editorial board of the Quarterly Journal of Austrian Economics, and was the author (among many other things) of some very useful texts on business cycles and the Hayek-Keynes debate. Specifically, he co-authored with John Cochran (also, R.I.P.The Hayek-Keynes Debate: Lessons for Current Business Cycle Research, (reviewed in QJAE here). He edited Keynes’s “The General Theory of Employment, Interest, and Money”, A Concordance, and also authored economics textbooks including Macroeconomics: Theory and Policy.

His obituary, posted by the family, reads in part: 

Fred graduated from Purdue University in 1957 with a BA in Aeronautical Engineering and worked briefly at the Allison Engines division of General Motors on jet engine design and testing. Fred went on to receive his masters and PHD in Economics at Purdue in 1964 and became a Professor of Economics at the University of Colorado in 1965. At CU Fred founded The Economic Institute for Research and Education (EIRE) as well as authoring multiple textbooks and articles. Fred retired from CU in 2006. ... Some of Fred’s interests included anything mechanical especially cars and airplanes. He loved British television, classic movies, model cars, and was active in his church. Fred was a fixture at the Village Coffee Shop, eating breakfast and reading the Wall Street Journal.

When I was at CU in the late 1990s, Fred taught intermediate macroeconomics and ECON 4999 known as “Economics and Film,” which required us to apply economic theory to analyses of various films. Naturally, the course drew on his extensive knowledge of film.  I took both of these classes, and Fred became something of an academic advisor to me. He is the reason I attended Mises University in 1998—based on his recommendation. For most economics students at the University of Colorado, Fred was surely the only exposure most of us would have to the Austrian School at the University. For some of us, it stuck!

Fortunately, his family has also posted some photos online, including one with a guy named Murray Rothbard some readers will recognize: 

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His campus office contained lots of good Austrian materials. Note the images of Mises and Hayek (and Menger) on the wall: 

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Like Lew Rockwell, he owned some New Deal propaganda artifacts, such as this NRA poster.  Those who spent any time in his office will recognize the image below the poster as a map of the Gulag archipelago: 

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Visiting the home of Adam Smith: 

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Fred was a fellow practicing Catholic. Requiescat in pace! 

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