Nebraska Authors

Wallace C. Peterson

Born 1921-03-28 Omaha, NE (USA)

Died 2012-04-15
Lincoln, NE (USA)

Lincoln, NE (USA)
Lincoln Memorial Park

Wallace Peterson taught economics at the University of Nebraska for many years. His economics textbooks were widely adopted, and he was internationally known and widely admired for his work on the foundations of economics. His outlook was Keynesian ("Post-Keynesian") and pragmatic. Many of his more specialized books focused on problems of growth, income inequality, unemployment, and the decline of the American middle class. He identified in advance a number of late twentieth century economic trends and institutional changes that seemed to lead the United States toward political discord and economic instability.

Places Lived

Lincoln, NE
Omaha, NE

Author Of

  • Nonfiction




Bachelor of Arts Degree, 1947, University of Nebraska, Lincoln, NE
Master of Arts Degree, 1948, University of Nebraska, Lincoln, NE
Ph.D., 1953, University of Nebraska, Lincoln, NE


Professor of Economics

Places Worked

University of Nebraska, Lincoln, NE


George Holmes Professorship Champion Media Award for Economic Understanding 1981
University of Nebraska Economics Hall of Fame


Transfer Spending, Taxes, and the American Welfare State. 1991.
Silent Depression: The Fate of the American Dream. 1993.
The Coming Class War and How to Avoid It: Rebuilding the American Middle Class. with Frederick R. Strobel, 1999.
Our Overloaded Economy. 2002.

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Wallace C. Peterson

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(e.g. Author is buried in Fremont, not in David City / Also wrote for the Daily Nebraskan during her time as a student)