In 1998, The Georges Lurcy Charitable and Educational Trust established the Edward M. Bernstein Distinguished Professorship Fund to honor and support an exceptional professor in the department of economics.

Three of the four trustees of the Georges Lurcy Trust are sons of Dr. Edward M. Bernstein.  They established the professorship to make permanent the legacy made possible by their father and to honor his life’s work and professional achievements. The Trust’s gift of $667,000 was supplemented with $333,000 from the Distinguished Professors Endowment Trust Fund to create a $1 million professorship.

Edward Bernstein was an economics professor at Carolina from 1935 to 1940. From 1940 to 1946, he was principal economist for the United States Treasury Department, during which time he also served as assistant director of monetary research. In 1944, he served as chief technical adviser and executive secretary to the United States delegation to the United Nations Monetary and Financial Conference in Bretton Woods, N.H., where he played a role in the formation of the International Monetary Fund. He served as the IMF’s research director from 1946 to 1958, before leaving to form EMB (Ltd.) Research Economists, an international monetary research firm. He retired as EMB’s president in 1981.

Bernstein stayed in close contact with the university over the years, and he delivered UNC’s commencement address in May 1977. He remained in touch with the economics department until his death in 1996.

Edward M. Bernstein Distinguished Professor

2000 – Present:  Eric Ghysels