Biography

Thomas R. Saving is Director, Private Enterprise Research Center and University Distinguished Professor of Economics. He has been elected to the post of President of the Western Economics Association, the Southern Economics Association and the Association of Private Enterprise Education.

Saving received his Ph.D. from the University of Chicago in 1960. Prior to joining the economics faculty at Texas A&M University in 1968, he was on the faculty at University of Washington in Seattle and Michigan State University. He attained the rank of full professor at Michigan State University in 1966, six years after the award of this Ph.D. in 1960.

In 2000, President Clinton appointed him as a Public Trustee of the Social Security and Medicare Trust Funds. On May 2, 2001, President Bush named him to the bipartisan President’s Commission to Strengthen Social Security. On April 19, 2006, President Bush appointed him to an unprecedented second term as a Public Trustee of the Social Security and Medicare Trust Funds which expired in December 2007.

His early research was on Monetary Theory and Policy. During that time he co-authored two books with fellow colleague Boris P. Pesek, Money, Wealth and Economic Theory, Macmillan, 1967 and Foundations of Money and Banking, Macmillan, 1968. He has published in all major US economics journals. His current research emphasis is on the benefit of markets in solving the pressing issues in health care and Social Security. He is a co-editor of Medicare Reform: Issues and Answers, University of Chicago Press, 1999, the co-author of The Economics of Medicare Reform, W.E. Upjohn Institute, 2000 and The Diagnosis and Treatment of Medicare, AEI Press, 2007. He has published editorials in the New York Times, the LA Times, the Washington Post and the Wall Street Journal.