Kenneth Willard Dam (August 10, 1932 – May 31, 2022) was an American politician and academic who served as
Deputy Secretary of the Treasury
The deputy secretary of the treasury of the United States advises and assists the Secretary of the Treasury in the supervision and direction of the United States Department of the Treasury, Department of the Treasury and its activities, and succ ...
(the second highest official in the
United States Department of the Treasury
The Department of the Treasury (USDT) is the Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments.
...
) from 2001 to 2004, where he specialized in international economic development. He was a senior fellow of the
Brookings Institution
The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global econo ...
and a
professor emeritus
''Emeritus/Emerita'' () is an honorary title granted to someone who retirement, retires from a position of distinction, most commonly an academic faculty position, but is allowed to continue using the previous title, as in "professor emeritus".
...
and senior lecturer at the
University of Chicago Law School
The University of Chicago Law School is the Law school in the United States, law school of the University of Chicago, a Private university, private research university in Chicago, Illinois. It employs more than 180 full-time and part-time facul ...
.
Early life and education
Kenneth Willard Dam was born in
Marysville, Kansas
Marysville is a city in and the county seat of Marshall County, Kansas, United States. As of the 2020 census, the population of the city was 3,447.
History
Marysville was laid out in 1855 by Francis J. Marshall, and designated in that sa ...
, the son of Ida (Hueppelheiser) and Oliver Dam, a grain and chicken farmer. His grandparents were German and Danish immigrants. He graduated from Marysville High School, in 1950 and from the
University of Kansas
The University of Kansas (KU) is a public research university with its main campus in Lawrence, Kansas, United States. Two branch campuses are in the Kansas City metropolitan area on the Kansas side: the university's medical school and hospital ...
in 1954, and earned his
J.D. degree from the University of Chicago law school in 1957. He then served as a law clerk to
United States Supreme Court
The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that turn on question ...
justice
Charles Whittaker in 1957 and 1958. He became an associate at the law firm of
Cravath, Swaine & Moore
Cravath, Swaine & Moore LLP (known as Cravath; ) is an American white-shoe law firm headquartered in New York City. The firm has additional offices in London and Washington, D.C.
History
In 1854, former college classmates William H. Seward (la ...
until he joined the University of Chicago as a law professor in 1960, becoming
provost in 1980. Dam was a longtime director of the
University of Chicago Law School
The University of Chicago Law School is the Law school in the United States, law school of the University of Chicago, a Private university, private research university in Chicago, Illinois. It employs more than 180 full-time and part-time facul ...
's program in
Law & Economics.
Career
Dam held a number of government positions during various
Republican administrations while on leave from the University of Chicago:
* Program Assistant Director for national security and international affairs at the
Office of Management and Budget
The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States (EOP). The office's most prominent function is to produce the president's budget, while it also examines agency pro ...
(1971–1973)
* Executive Director of the White House Council on Economic Policy (1973)
* Deputy Secretary of State (1982–1985)
After leaving the
Reagan administration in 1985, Dam became vice president for law and external relations at
IBM
International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
until 1992. He served as
president
President most commonly refers to:
*President (corporate title)
* President (education), a leader of a college or university
*President (government title)
President may also refer to:
Arts and entertainment Film and television
*'' Præsident ...
and
CEO
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
of the
United Way of America
United Way is an international network of over 1,800 local nonprofit fundraising affiliates. Prior to 2015, United Way was the largest nonprofit organization in the United States by donations from the public. Individual United Ways mobilize a sin ...
in 1992, and helped lead an investigation of a highly publicized scandal in the leadership of that organization and reorganize its staff and governance.
He then rejoined the University of Chicago law school faculty.
He has also been an
arbitrator, most notably from 1996 to 2001 under the collective bargaining agreement between professional
basketball
Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (appro ...
players and the
National Basketball Association
The National Basketball Association (NBA) is a professional basketball league in North America composed of 30 teams (29 in the United States and 1 in Canada). The NBA is one of the major professional sports leagues in the United States and Ca ...
.
Dam has served on the board of a number of public policy institutions, including the
Council on Foreign Relations
The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...
, the
Chicago Council on Foreign Relations, and the Brookings Institution. He was co-chairman of the Aspen Strategy Group from 1991 to 2001 and was, during 1999 and 2000, chairman of the German-American Academic Council. From 1987 to 2001 he was a member of the board of
Alcoa
Alcoa Corporation (an acronym for "Aluminum Company of America") is an American industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary alu ...
. He is a former member of the Steering Committee of the
Bilderberg Group
The Bilderberg Meeting (also known as the "Bilderberg Group", "Bilderberg Conference" or "Bilderberg Club") is an annual off-the-record forum established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally ...
.
He first participated in their annual conference in 1983 when he was Under Deputy Secretary of State. He would miss only one conference between 1983 and 1997 and participate again in 2001 and 2002.
Publications
* ''The Law-Growth Nexus: The Rule of Law and Economic Development'', Brookings Institution Press, 2006
* ''The Rules of the Global Game: A New Look at US International Economic Playmaking'', University Of Chicago Press, 2001
* ''Economic Policy Beyond the Headlines'', with George P. Shultz, University of Chicago Press, second edition 1998
* ''The Rules of the Game: Reform and Evolution in the International Monetary System'', University of Chicago Press, 1982
* ''Oil Resources: Who Gets What How?'', University of Chicago Press, 1978
See also
*
List of law clerks of the Supreme Court of the United States (Seat 6)
References
External links
University of Chicago law school biography of Kenneth Dam*
ttp://www.revistainterforum.com/english/articles/102102eco_growth_dammiami.html Speech by Kenneth Dam on economic growth in Latin America
*
*
{{DEFAULTSORT:Dam, Kenneth W.
1932 births
2022 deaths
Atlantic Council
20th-century American writers
21st-century American writers
20th-century American politicians
Law clerks of the Supreme Court of the United States
United States deputy secretaries of the treasury
United States deputy secretaries of state
IBM employees
Members of the Steering Committee of the Bilderberg Group
University of Kansas alumni
University of Chicago Law School alumni
George W. Bush administration personnel
Illinois Republicans
People from Marysville, Kansas
Cravath, Swaine & Moore associates
Acting United States secretaries of the treasury
Writers from Illinois
Writers from Kansas