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Ezra Meyer Solomon1

Male
b. 20 March 1920, d. 9 December 2002


Family Janet Lorraine Cameron b. 28 September 1919, d. 14 November 2002
Marriage* 7 May 1949  Chicago, Cook Co., IL, Principal=Janet Lorraine Cameron1 
Children  1. Catherine Shan Solomon b. 1958
  2. Janet Mingulay "Ming" Solomon b. 1960
  3. Lorna C. Solomon b. 1964

Birth* 20 March 1920  Rangoon, Burma, India1,2 
Marriage* 7 May 1949  Chicago, Cook Co., IL, Principal=Janet Lorraine Cameron1 
SSN* 9 December 2002  https://familysearch.org/pal:/MM9.1.1/V942-Z6L
first name: Ezra
middle name: M
last name: Solomon
name suffix:
birth date: 20 March 1920
social security number: 358-26-1236
place of issuance: Illinois
last residence: Santa Clara, California
zip code of last residence: 94305
death date: 9 December 2002
estimated age at death: 82
Collection: Ezra M Solomon, "United States Social Security Death Index"3 
Death* 9 December 2002  Stanford, Santa Clara Co., CA3,2 
News/Obit 21 December 2002  Stanford economist Solomon , 82

Ezra Solomon, a Stanford University economist credited with making the study of finance more theory-based, died of a stroke Dec. 9 at his campus home. He was 82.

Solomon was the author of "The Theory of Financial Management," which was published in 1963 and still is considered a seminal work by finance scholars. Beginning in 1965, he was also editor for several years of the Prentice-Hall series "Foundation of Finance," which was influential in accounting and finance.

As adept in the world of policy as he was in academe, he served on President Nixon's Council of Economic Advisers from 1971 to 1973, when the Nixon administration suspended the gold standard for the dollar and imposed wage and price controls in an attempt to remold the world economy.

Before teaching at Stanford, Solomon served on the faculty at the University of Chicago, the home of a school of economists who emphasized the importance of regulating the supply of money to direct the economy. Despite his long association with the Chicago school, Solomon was known for his analytical, nontraditional thinking.

He gave U.S. senators an inkling of his independence during his confirmation hearing in June 1971.

"I am not against letting the dollar float. It is one way of finding parity," he said.

"A lot of people go to Washington and wind up thinking they can give political advice," said former U.S. Secretary of State George P. Shultz, who was a colleague of Solomon when both taught at the University of Chicago. "Ezra stuck to economic advice and agreed with the fundamentals. He was a gifted economist, with real wit, and had a wonderful, candid, clear way of expressing himself."

Solomon, born and raised in Burma, earned a degree in economics from the University of Rangoon in 1940. Soon after his graduation, the Japanese army occupied Burma, forcing his family to flee to India.

He joined the Burma Division of the British Royal Navy and became commander of a gunboat. He left his command in 1947 to accept a fellowship for overseas graduate study at the University of Chicago, where he soon became a professor and a naturalized U.S. citizen. He earned his doctorate in 1950 and remained on the Chicago faculty until 1956, when he moved west.

At Stanford, he became founding director of the International Center for the Advancement of Management Education, which drew faculty from business schools in developing nations for a year of intensive study. He later became the business school's first Dean Witter Distinguished Professor of Finance.

During his three decades at Stanford, he wrote 13 books and more than 100 papers and was known for his incisive lectures and generous mentoring.

"He became a leader in transforming (Stanford's) Graduate School of Business, then a parochial West Coast school, into a world-class academic institution," said economist and longtime Stanford colleague Gerald Meier.

His wife of 53 years, the former Janet Lorraine Cameron, died Nov. 14. Solomon is survived by three daughters, Catherine Shan Solomon , Ming Solomon Lovejoy, and Lorna Solomon-Oyarce; and five grandchildren.

"A lot of people go to Washington and wind up thinking they can give political advice. Ezra stuck to economic advice and agreed with the fundamentals. He was a gifted economist, with real wit, and had a wonderful, candid, clear way of expressing himself."

George P. Shultz

FORMER SECRETARY OF STATE AND SOLOMON COLLEAGUE AT UNIVERSITY OF CHICAGO

Published in the San Mateo County Times (CA) - December 21, 20022 
News/Obit 21 December 2002  Ezra Solomon -- former Stanford economics professor

Former Stanford University professor Ezra Solomon, an economist who served in the Nixon administration and wrote a seminal book that ushered in the modern age of financial management, has died at age 82.

Professor Solomon, whose lectures often began, "When I was an economic adviser to President Nixon . . .," -- making students snap to attention -- suffered a stroke Dec. 9 at his Stanford home.

Colleagues said it would be difficult to overstate how Professor Solomon, an affable man known for his sharp wit and sonorous voice, shaped the world of finance. His 1963 book, "The Theory of Financial Management," revolutionized how the field was viewed and taught. Forty years later, scholars still consider it a seminal text.

"In the '40s and well into the '50s, finance was largely descriptive as taught in most schools," said James Van Horne, the A.P. Giannini Professor of Banking and Finance at Stanford. "Ezra helped move the field toward a more rigorous theory-based foundation, a more mathematical expression. Ezra was at the forefront of the evolution in finance."

Equally adept in political and academic circles, Professor Solomon served on President Nixon's Council of Economic Advisers from 1971 to 1973. During that time, the president suspended the gold standard for the dollar and imposed wage and price controls in an effort to remold the world economy.

"A lot of people go to Washington and wind up thinking they can give political advice," said George Shultz, former U.S. secretary of state and a colleague of Professor Solomon's when both taught at the University of Chicago.

"Ezra stuck to economic advice and agreed with the fundamentals. He was a gifted economist, with real wit, and had a wonderful, candid, clear way of expressing himself."

Professor Solomon was born and raised in Rangoon, Burma. He earned a degree in economics from the University of Rangoon in 1940.

During World War II, when Japan occupied Burma shortly after his graduation,

Professor Solomon and his family fled to India. He joined the Burma Division of the British Royal Navy and was named commander of a gunboat.

He left the service in 1947 to accept a fellowship at the University of Chicago, where he joined the faculty of the Graduate School of Business and became a naturalized U.S. citizen. He earned his doctorate in 1950.

The university was at the time known for its economists who emphasized the importance of regulating the money supply to control the economy, but Professor Solomon was known for his analytical, nontraditional thinking.

Professor Solomon remained at Chicago until 1965, when he was persuaded to come to the Stanford business school by then-dean Ernest Arbuckle. Arbuckle named Professor Solomon founding director of the International Center for the Advancement of Management Education, which invited faculty from business schools in developing nations to study at Stanford. Once the program was firmly established in 1963, Professor Solomon resumed teaching and was named Stanford's first Dean Witter Distinguished Professor of Finance.

"He became a leader in transforming (Stanford's) Graduate School of Business, then a parochial West Coast school, into a world-class academic institution," said economist and longtime colleague Gerald Meier.

In his 30 years at Stanford, Professor Solomon wrote 13 books and scores of papers. For many years, beginning in 1965, he was also the managing editor of Prentice-Hall's series of books, "Foundations of Finance."

"Ezra had a tremendous impact on several generations of finance scholars and faculty," said Robert L. Joss, dean of the Graduate School of Business. "He touched so many lives."

Professor Solomon is survived by three daughters, Catherine Shan Solomon of Newark, Ming Solomon Lovejoy of Eureka, Mont., and Lorna Solomon-Oyarce of Stanford; and five grandchildren.

A memorial service is pending.

Memorials may be made to the Burma-America Fund, 160 West End Ave. Suite 18J, New York, NY, 10023; or to the Ezra Solomon Faculty Fund, in care of Stanford Graduate School of Business, 518 Memorial Way Room 235, Stanford, 94305-5015. Donations should be payable to Stanford University.

Published in the San Francisco Chronicle (CA) - December 21, 20022 
News/Obit* 21 December 2002  EZRA SOLOMON , STANFORD PROFESSOR DEVELOPED FIELD OF FINANCE STUDY

Former Stanford business school professor Ezra Solomon, who laid the foundation for modern financial management, has died. He was 82.

Mr. Solomon, who died of a stroke at his Stanford campus home Dec. 9, published his best-known book, ''The Theory of Financial Management,'' in 1963.

''In the '40s and well into the '50s, finance was largely descriptive as taught in most schools. Ezra helped move the field toward a more rigorous theory-based foundation, a more mathematical expression. Ezra was at the forefront of the evolution in finance,'' said James Van Horne, the A.P. Giannini professor of banking and finance at Stanford.

Mr. Solomon, who was a member of the Council of Economic Advisers in the Nixon administration, served industry and government throughout his 30-year career.

He was born March 20, 1920, in Rangoon, Burma. He received a degree in economics from the University of Rangoon in 1940. Mr. Solomon won a fellowship for overseas graduate study, which brought him to the University of Chicago in 1947.

Mr. Solomon is survived by three daughters, Catherine Shan Solomon of Newark; Ming Solomon Lovejoy of Eureka, Mont.; and Lorna Solomon-Oyarce ofStanford; and five grandchildren. A memorial service is planned for this winter.

Published in the San Jose Mercury News (CA) - December 21, 20022 

Citations
  1. [S1490] Unknown compiler.
  2. [S323] News Bank.
  3. [S129] SSDI Death Index,.


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