Raimund Hagelberg


Raimund Hagelberg was an Estonian economist and professor. He was elected a member of the Estonian Academy of Sciences in 1981 and served as the academy's scientific secretary-general from 1982 to 1989.
In the restored Republic of Estonia, he served in central-bank governance at the re-established Bank of Estonia and was later described by the bank as one of the ideologists of Estonia's 1992 monetary reform.

Early life and education

Hagelberg was born in Tallinn. He graduated from Tallinn Secondary School No. 2 in 1946 and completed higher education in economics at Tallinn Polytechnical Institute in 1950; he continued there in postgraduate study.
He defended a Candidate of Economics dissertation in 1954 and later received a Doctor of Economics degree, with both theses connected to banking/credit and economic analysis themes in Soviet-era Estonia.

Academic career

From 1953 to 1954 Hagelberg worked as a junior researcher at the academy's Institute of Economics, and from 1954 to 1982 he taught at the University of Tartu. He headed the university's finance and credit chair for a long period. He became an emeritus professor of the University of Tartu in 1995.

Estonian Academy of Sciences

Hagelberg was elected to the Estonian Academy of Sciences in 1981. He served as scientific secretary-general of the academy from 1982 to 1989.

Public service and Bank of Estonia

Hagelberg served as an adviser to the chairman of the Supreme Council of the Republic of Estonia from 1989 to 1992. He was appointed to the Council of the re-established Bank of Estonia in 1990 and served for years in successive compositions; Riigi Teataja also records him as a named Council member in a 1993 law on Council appointments.
His name appears on official Bank of Estonia] documentation for early kroon banknotes: the Bank's security-features PDF for the 1-kroon banknote lists the signatures as Governor Rein Otsason and "Member of the Board" Raimund Hagelberg.
In 2000, Eesti Pank's English-language chronicle notes that Hagelberg received the first Eesti Pank pension for merits and that the Order of the National Coat of Arms was awarded to him as a long-time central-bank leader and one of the ideologists of the 1992 monetary reform.

Research

According to the Estonian Academy of Sciences, Hagelberg's research covered methodology of economic analysis, theory of public finance and corporate finance, economics of education/science/higher education, and banking and credit.

Awards and honours

Selected works

Ettevõtete töö majandusliku analüüsi põhiprintsiibid ja nende rakendamise spetsiifika põllumajandusettevõtetes Põllumajandusettevõtete töö majanduslik analüüs Majandus, ühiskond, progress Eesti Pank 1939–1999 Raha meie elus
  • ''Elust ja endast. Esimesest Eesti Vabariigist... teise Eesti Vabariiki''

Death

Hagelberg died on 17 July 2012 and was buried at Metsakalmistu in Tallinn.