[2][1][8] An influential labor economist, Rees taught at Princeton University from 1966 to 1979, while also being an advisor to President Gerald Ford.
[3] He won many awards, including a Guggenheim Fellowship[5] in 1969 and election to the American Academy of Arts and Sciences in 1971.
[1] Since 1997, Princeton University awards the "Albert Rees Prize" for an outstanding dissertation in labor economics.
[14] Oberlin College has also established multiple Albert Rees prizes, including a Fellowship and an Assistantship.
The Council on Wage and Price Stability (COWPS or CWPS) Act was signed into law by President Ford in 1974,[10][11] with Rees as the new agency's first head.