Former Fed Governor Henry C. Wallich Dies at 74
Henry C. Wallich, 74, a highly respected conservative economist and former member of the Federal Reserve Board, died yesterday at George Washington University Hospital from the effects of a brain tumor for which he was operated on more than two years ago.</br></br>Mr. WallichÛªs illness forced his resignation as a Federal Reserve governor in December 1986 after he had served nearly 13 years of the term to which he was appointed by President Nixon.</br></br>Known for his intellect, his courtly manner and his knowledge of fine wines, Mr. Wallich served on the economics faculty at Yale University from 1951 until his appointment to the Fed. He took leave from his academic position to serve as an assistant to the secretary of the Treasury in charge of tax analysis and as a member of the Council of Economic Advisers during the Eisenhower administration.</br></br>Mr. Wallich was a prolific author, writing numerous articles for magazines and professional journals as well as four books. One of the latter, ÛÏMainsprings of the German Revival," published in 1955, is still regarded as the definitive work on the origins of the German economic recovery after World War II.</br></br>Mr.- Wallich also wrote for the nonacademic public. From 1961 until 1964 he wrote editorials for The Washington Post, sometimes telephoning them in from New Haven and other times traveling to Washington to write them. He also wrote regularly for The Journal of Commerce and the Frankfurter Alegmeine Zeitung. In 1965 he began writing a Newsweek magazine column every other week on economic issues, which continued until he joined the Fed.