Walter Krause was a professor emeritus of international economics and former holder of the John F. Murray chair in economics at the University of Iowa. He attended Reed with the Class of 1938 but transferred to the University of Oregon where he earned both the B.A. and a master’s degree. He earned his PhD in international economics from Harvard in 1945.

Krause taught at several universities including: the University of Iowa; the University of Texas, Austin; the University of California, Riverside; Dartmouth College; and Texas Tech University. He also worked for the U.S. Department of State as chief of the economic development division, AID, in the Philippines. Krause was a consultant for several organizations, including the Council for Technological Advancement, the Organization of American States, and InterAmerican Development Bank. He was internationally recognized as an authority on international economics and economic development, with particular expertise in Latin America and Southeast Asia. Krause traveled extensively throughout his career to lecture at academic conferences and consult with foreign governments and multinational corporations.

Krause was the author of 12 books and more than 100 articles and other publications. He was revered by former students and colleagues for his dedication to teaching. He died April 20, 2000, in Iowa City.

[Taken from the obituary that appeared in the August 2000 Reed magazine.]