John Rutledge (economist)
Encyclopedia
Dr. John Rutledge was one of the principal architects of the Ronald Reagan
economic plan in 1980-81 and was an advisor to the George W. Bush
White House on tax policy in the United States.
Rutledge is the Chairman of Rutledge Capital, a private equity
investment firm that has invested more than $150 million in middle market manufacturing, distribution, and service companies. He is a member of the Advisory Boards of venture capital firms, hedge funds, and real estate investment firms. Rutledge is a visiting professor at the Chinese Academy of Sciences
and Chief Advisor for Finance and Investment to the Governor of the Haidian District in Beijing. He is a board member of the Progress and Freedom Foundation
, the Heartland Institute
, and a senior fellow at the Pacific Research Institute
.
Rutledge has an active lecture practice, giving talks on global economics, capital flows, financial markets, investment strategies, the impact of technology on the economy, and strategies for owning and growing the value of a business. After tours of duty in both academics and government policy, he has started, run, chaired, owned, and harvested dozens of companies, and has managed real money in both mutual funds and private equity
.
Rutledge first introduced his Asset Market Shift framework for analyzing capital markets in The Wall Street Journal
in the 1980s. Initially controversial, the framework, in which interest rates and other asset prices are determined by private arbitrage behavior, applies a rigorous foundation from thermodynamics to portfolio management. Rutledge uses the framework to track asset market shifts and develop strategies that attract capital and build wealth, bridging the gap between macroeconomic analysis and portfolio management. Over the past twenty years he has used this framework on economic analysis, asset allocation, portfolio selection, business strategy, restructuring, acquisitions, and divestitures. Rutledge advises institutional and individual investors how to structure portfolios to take advantage of opportunities created by a temporary divergence of prices from Intrinsic Value. His advisory and speaking clients include governments, corporations, and financial institutions around the world.
Rutledge appears weekly on Fox News' Saturday morning business shows Forbes on Fox
. He also appears on CNBC
's Kudlow & Company
. He has been a frequent guest on PBS' Wall $treet Week
with Fortune, and CNN
's In the Money. Rutledge wrote the Business Strategy column for Forbes
for more than a decade and writes for Forbes.com and TheStreet.com
. He also authors the Rutledge Blog on economic and technology issues. Rutledge is the author of the 2007 US Chamber of Commerce study on the economic impact of the proposed carried interest tax entitled "Analysis of the Impact of Increasing Carried Interest Tax Rates on the US Economy" and one of the principal authors of the 2005 US Chamber of Commerce study on telecom reform entitled “Sending the Right Signals: Promoting Competition through Telecommunications Reform”. He has written three books: Rust to Riches: The Coming of the Second Industrial Revolution with co-author Deborah Allen Hewitt
, and A Monetarist Model of Inflationary Expectations, and Lessons from a Road Warrior; and has written hundreds of articles for the Wall Street Journal, the American Spectator, China Weekly, Barron's, Forbes
, Fortune
, the National Review
, the Financial Times
, US News & World Report, Business Week, and other publications. He testifies frequently before Congressional Committees and has advised government officials in the US, UK, Ireland, China, and Kuwait.
Rutledge began his career as a professor of monetary economics, international finance, and econometrics at Tulane University
and Claremont McKenna College
. In 1978, Rutledge founded the Claremont Economics Institute, an economic advisory business in Claremont, California. He holds a BA from Lake Forest College
and a PhD from the University of Virginia
.
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....
economic plan in 1980-81 and was an advisor to the George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
White House on tax policy in the United States.
Rutledge is the Chairman of Rutledge Capital, a private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investment firm that has invested more than $150 million in middle market manufacturing, distribution, and service companies. He is a member of the Advisory Boards of venture capital firms, hedge funds, and real estate investment firms. Rutledge is a visiting professor at the Chinese Academy of Sciences
Chinese Academy of Sciences
The Chinese Academy of Sciences , formerly known as Academia Sinica, is the national academy for the natural sciences of the People's Republic of China. It is an institution of the State Council of China. It is headquartered in Beijing, with institutes all over the People's Republic of China...
and Chief Advisor for Finance and Investment to the Governor of the Haidian District in Beijing. He is a board member of the Progress and Freedom Foundation
Progress and Freedom Foundation
The Progress & Freedom Foundation was a U.S. market-oriented think tank based in Washington, D.C. that studies the digital revolution and its implications for public policy...
, the Heartland Institute
Heartland Institute
The Heartland Institute is a libertarian, American public policy think tank based in Chicago, Illinois which advocates free market policies. The Institute is designated as a 501 non-profit by the Internal Revenue Service and advised by a 15 member board of directors, which meets quarterly. As of...
, and a senior fellow at the Pacific Research Institute
Pacific Research Institute
The Pacific Research Institute , or officially the Pacific Research Institute for Public Policy, is a California-based free-market think tank founded in 1979 whose stated vision is the promotion of "the principles of individual freedom and personal responsibility"...
.
Rutledge has an active lecture practice, giving talks on global economics, capital flows, financial markets, investment strategies, the impact of technology on the economy, and strategies for owning and growing the value of a business. After tours of duty in both academics and government policy, he has started, run, chaired, owned, and harvested dozens of companies, and has managed real money in both mutual funds and private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
.
Rutledge first introduced his Asset Market Shift framework for analyzing capital markets in The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
in the 1980s. Initially controversial, the framework, in which interest rates and other asset prices are determined by private arbitrage behavior, applies a rigorous foundation from thermodynamics to portfolio management. Rutledge uses the framework to track asset market shifts and develop strategies that attract capital and build wealth, bridging the gap between macroeconomic analysis and portfolio management. Over the past twenty years he has used this framework on economic analysis, asset allocation, portfolio selection, business strategy, restructuring, acquisitions, and divestitures. Rutledge advises institutional and individual investors how to structure portfolios to take advantage of opportunities created by a temporary divergence of prices from Intrinsic Value. His advisory and speaking clients include governments, corporations, and financial institutions around the world.
Rutledge appears weekly on Fox News' Saturday morning business shows Forbes on Fox
Forbes on Fox
Forbes on Fox is an American business analysis program, the third show of the Cost of Freedom business block, on Saturdays at 11:00 a.m. ET on the Fox News Channel...
. He also appears on CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
's Kudlow & Company
Kudlow & Company
The Kudlow Report is a news television program about business and politics hosted by Lawrence Kudlow, that airs on the CNBC television channel at 7pm ET. The show began airing on January 26, 2009. It is a successor to Kudlow & Company, which aired from 2005 until October 2008...
. He has been a frequent guest on PBS' Wall $treet Week
Wall $treet Week
Wall $treet Week was an investment news and information TV program that was broadcast weekly each Friday on Public Broadcasting Service in the United States. It had a host and guest experts participating in discussions on the stock market and focuses on forecasts...
with Fortune, and CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
's In the Money. Rutledge wrote the Business Strategy column for Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
for more than a decade and writes for Forbes.com and TheStreet.com
TheStreet.com
-History:TheStreet.com, Inc., was co-founded in 1996 by Jim Cramer and Martin Peretz. It is traded on the NASDAQ Global Market. The company is headquartered at 14 Wall Street in New York City. Its stock was made public in May 1999 under the direction of past Chairman and Chief Executive Officer...
. He also authors the Rutledge Blog on economic and technology issues. Rutledge is the author of the 2007 US Chamber of Commerce study on the economic impact of the proposed carried interest tax entitled "Analysis of the Impact of Increasing Carried Interest Tax Rates on the US Economy" and one of the principal authors of the 2005 US Chamber of Commerce study on telecom reform entitled “Sending the Right Signals: Promoting Competition through Telecommunications Reform”. He has written three books: Rust to Riches: The Coming of the Second Industrial Revolution with co-author Deborah Allen Hewitt
Deborah Allen Hewitt
Deborah Allen Hewitt, Ph.D., is an international economics and finance expert. Currently serving as Clinical Associate Professor of Economics and Finance at the Mason School of Business at the College of William & Mary, she was President of Rutledge Research from 1995 to 2005...
, and A Monetarist Model of Inflationary Expectations, and Lessons from a Road Warrior; and has written hundreds of articles for the Wall Street Journal, the American Spectator, China Weekly, Barron's, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, Fortune
Fortune (magazine)
Fortune is a global business magazine published by Time Inc. Founded by Henry Luce in 1930, the publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner. In turn, AOL grew as it acquired Time Warner in 2000 when Time Warner was the world's largest...
, the National Review
National Review
National Review is a biweekly magazine founded by the late author William F. Buckley, Jr., in 1955 and based in New York City. It describes itself as "America's most widely read and influential magazine and web site for conservative news, commentary, and opinion."Although the print version of the...
, the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
, US News & World Report, Business Week, and other publications. He testifies frequently before Congressional Committees and has advised government officials in the US, UK, Ireland, China, and Kuwait.
Rutledge began his career as a professor of monetary economics, international finance, and econometrics at Tulane University
Tulane University
Tulane University is a private, nonsectarian research university located in New Orleans, Louisiana, United States...
and Claremont McKenna College
Claremont McKenna College
Claremont McKenna College is a private, coeducational liberal arts college and a member of the Claremont Colleges located in Claremont, California. The campus is located east of Downtown Los Angeles...
. In 1978, Rutledge founded the Claremont Economics Institute, an economic advisory business in Claremont, California. He holds a BA from Lake Forest College
Lake Forest College
Lake Forest College, founded in 1857, is a private liberal arts college in Lake Forest, Illinois. The college has 1,500 students representing 47 states and 78 countries....
and a PhD from the University of Virginia
University of Virginia
The University of Virginia is a public research university located in Charlottesville, Virginia, United States, founded by Thomas Jefferson...
.
External links
- Link to the Rutledge Capital website
- Link to the Rutledge Blog
- Link to "Sending the Right Signals: Promoting Competition through Telecommunications Reform"
- Link to "Analysis of the Impact of Increasing Carried Interest Tax Rates on the US Economy"
- Link to learn more about Rust to Riches: The Coming of the Second Industrial Revolution
- Link to learn more about A Monetarist Model of Inflationary Expectations
- Link to the Chinese Academy of Sciences