RIP George Borts, Brown U. economics professor

May 6, 2014

George Borts, a prominent Brown University economics professor and researcher, has died.

Borts was a teacher and mentor for generations of Brown economics students. He joined the faculty as an assistant professor in 1950 after studying under Milton Friedman at the University of Chicago. Borts retired last year after teaching and researching economic issues for 63 years.

One of his students was Janet Yellen, head of the Federal Reserve. She was a 1967 Brown graduate.

An advocate of free markets, Borts was a leading opponent of the Greenhouse Compact state industrial policy proposal in the mid-1980s.

Borts also served for a decade as managing editor of the American Economic Review and was twice a visiting professor at the London School of Economics.

``George Borts was a singular presence on the Brown University campus,’’ said Brown President Christina Paxson. ``Members of the campus community and the many thousands of alumni who count George among the significant influences in their lives will have opportunities to celebrate his long and productive career. On behalf of the university, I extend our condolences to his family, friends and colleagues.’’