David I. Meiselman

Meiselman's key contributions to economic research include his dissertation, "The Term Structure of Interest Rates" (1962), and his collaborative study with Milton Friedman, "The Relative Stability of Monetary Velocity and the Investment Multiplier in the United States, 1897-1958" (1963).

Meiselman's archive was bequeathed to George Mason University Libraries and is held in their Special Collection Research Center.

[3] This contribution was made at a time when economists had come to attach growing importance to the role of expectations and the expectations-formation process to a variety of key types of economic behavior.

[4] His empirical studies with Milton Friedman in the early 1960s[5] indicated a greater role of the money supply over investment and government spending on inflation.

The monetarists, of which Meiselman was a key member, prevailed, but the methods being used by central banks have evolved from achieving price stability through monetary aggregates to pursuing this goal through other means.

His policy recommendations respected the role of market-driven processes as solutions to problems facing the economy, and he was highly skeptical of governmental involvement in the economic sphere.