"The 'free market' …has been completely displaced as the infallible god, has been substantially displaced as universal economic master, and increasingly ceases to be, or to be thought of as, the only acceptable way of economic life."
Adolph Augustus Berle, Jr. (1895-1971)
Adolph Augustus Berle, Jr., a child prodigy who became an economic theorist and policy maker, helped craft the banking and securities laws of the New Deal and shaped twentieth-century ideas about property and power. He was born in 1895 in Boston, the son of Christian Zionist Adolph Augustus Berle, and matriculated at Harvard University at the age of 14. He took his B.A. in History, M.A. in History, a law degree, and the bar exam by the age of 21. At 24, Berle attended the Paris Peace Conference as a delegate but resigned over the terms of the treaty.