Life and Career
Malkiel is the Chemical Bank Chairman’s professor of economics at Princeton University, and is a two-time chairman of the economics department there. He served as a member of the Council of Economic Advisers (1975–1977), president of the American Finance Association (1978), and dean of the Yale School of Management (1981–1988). He also spent 28 years as a director of the Vanguard Group.
In 1949, Malkiel graduated from Boston Latin School, and went on to receive his bachelor's degree (1953) and his MBA (1955) from Harvard University. He originally went into the business world, but had always had an interest in academic economics and eventually earned his doctorate (1964) from Princeton University. He married his first wife, Judith Atherton Malkiel, in 1954; they had one son, Jonathan. After Judith Malkiel's death in 1987, Burton Malkiel married his second wife, Nancy Weiss, in 1988. (Nancy Weiss Malkiel was Dean of the College of Princeton University from 1987 to 2011.) He served as a first lieutenant in the United States Army from 1955 to 1958. He also serves on the advisory panel of Robert D. Arnott's investment management firm, Research Affiliates.
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