Irwin Stelzer – Economist
Irwin Stelzer is a senior fellow and director of the Hudson Institute’s economic policy studies group. Prior to joining the Hudson Institute in 1998, Stelzer was a resident scholar and director of regulatory policy studies at the American Enterprise Institute. He also is the U.S. economic and political columnist for The Sunday Times (London,) a contributing editor of The Weekly Standard, a member of the publication committee of National Affairs, and a consultant, advising clients in the U.S. and UK on market strategy, pricing and antitrust issues, environmental policy, and regulatory matters.
He has been a member of the Publication Committee of The Public Interest, the advisory board of the American Antitrust Institute, the board of the Regulatory Policy Institute (Oxford), and was appointed by President George W. Bush to the advisory board of the U.S. Trade Representative. He is editor of Neoconservatism, and with John H. Shenefield co-authored The Antitrust Laws: A Primer. The Institute of Economic Affairs published his Lectures on Regulatory and Competition Policy. His The Murdoch Method: Observations on Rupert Murdoch’s Management of a Media Empire has recently been published in the U.S. and the UK.
Stelzer founded National Economic Research Associates, Inc. (NERA) in 1961 and served as its president until a few years after its sale in 1983 to Marsh & McLennan. He also has served as a managing director of the investment banking firm of Rothschild Inc. and a director of the Energy and Environmental Policy Center at Harvard University.
His academic career includes appointments at Cornell University, the University of Connecticut, New York University, and the John F. Kennedy School of Government at Harvard University. He has been elected a Visiting Fellow at Nuffield College, Oxford. He is a former member of the Litigation and Administrative Practice Faculty of the Practicing Law Institute. He served on the Massachusetts Institute of Technology Visiting Committee for the Department of Economics, and has been a teaching member of Columbia University’s Continuing Legal Education Programs.
Stelzer received his bachelor’s and Master of Arts degrees from New York University. He earned his doctorate in economics from Cornell University.
The Sunday Times Review:
The Murdoch Method: Notes on Running an Empire by Irwin Stelzer — a view from the inside …. In writing this review, I must start by declaring a couple of very obvious interests. I have known Irwin Stelzer for very many years and, indeed, have shared a page with him in the Sunday Times Business section for decades. And Rupert Murdoch is, of course, executive chairman of News Corp, ultimate owners and publishers of this newspaper.
To try and crack the Murdoch method is some task. The author has done his best and produced an interesting book. The result however will, I fear, be of little use to those wishing to copy the method for it is a reflection of the man. The method will not work for others.
Irwin Stelzer has known Rupert Murdoch since 1978. Stelzer was asked by Murdoch to give him some economic advice. He did and became a consultant and friend. What then, according to Stelzer, is the method? It is about: a view of the world that sees it as an arena in which ‘them’ are opposed to ‘us’, the
Establishment and the unions being prime examples of ‘them’. Other examples include the BBC; liberals; media-industry elites; snobs; Wall Street analysts and investment bankers; and governments that overregulate.
In addition, Murdoch is willing to take risks. He took on the print unions and saved our newspaper industry. There are many anecdotes in this entertaining and unconventional memoir. The author does not forget to mention the MySpace fiasco of 2005. It was eventually sold at a loss. Facebook prospered. The satellite
television speech of 1993 that led to China banning all satellite dishes is also examined. It proved to be rather costly.
This book certainly sheds light on the ‘method’ but much remains in the shadows.
-Dr. Barry Clayton, Retired Army Colonel. University tutor. First degree in Economics followed by a PGCE and an MA in War Studies. PHD in American/Soviet nuclear strategy.