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Economist Reynolds dies at 94

Leading scholar is remembered for transforming Yale department

By Yassmin Sadeghi STAFF REPORTER Retired Sterling Professor Lloyd Reynolds, described by his peers as the man "responsible

for the modern Economics Department at Yale," died after suffering several strokes in his home in Washington, D.C.

on April 9. Reynolds, a leading economist who taught at Yale from 1945 to 1980 and was credited with recruiting several renowned faculty members, was 94 years old.

Lloyd reynolds economist magazine

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  • A pioneer in the fields of labor and development economics, Reynolds established the Yale Economic Growth Center in the late 1950s. As chair of the Economics Department from 1951 to 1959, Reynolds was credited with steering the department to new heights by doubling

    the faculty from 31 to 65 professors.

    "You can draw a line, so to speak, between the eras," economics professor T.N. Srinivasan said. "The fact that the Yale Economics Department is one of the leading departments in the country is