Truman Medal for Economic Policy

About the Truman Medal

The Truman Medal for Economic Policy was established in 2005 to provide an ongoing forum to recognize economists who have made extraordinary contributions to the formation of economic policy. The Truman Medal is so named to acknowledge that the Council of Economic Advisers (CEA) was established by the Employment Act of 1946 under President Harry S. Truman. Since that time, the CEA has provided valuable advice and assistance to the president of the United States in the formation of economic policy. The first Truman Medal was awarded to Alan Greenspan in recognition of his service as chairman of President Ford's Council of Economic Advisers, chairman of the National Commission on Social Security Reform, chairman of the Federal Reserve System, and many other contributions to economic policy. The Truman Medal organizing committee is composed of representatives of five organizations: the Harry S. Truman Library Institute; the Economic Club of Kansas City; the Henry W. Bloch School of Business and Public Administration, University of Missouri - Kansas City; and the Missouri Council on Economic Education.