Darby is the Warren C. Cordner Professor of Money and Financial Markets in the John E. Anderson Graduate School of Management and in the Departments of Economics and Policy Studies at the University of California, Los Angeles, and is Director of the John M. Olin Center for Policy in the Anderson School. Concurrently, he holds appointments as Chairman of The Dumbarton Group, Research Associate with the National Bureau of Economic Research, Consulting Economist with City National Bank, and Adjunct Scholar with the American Enterprise Institute. He also serves as Associate Director for the Center for International Science, Technology, and Cultural Policy in the School of Public Policy & Social Research at UCLA.

Dr. Darby served in a number of senior positions in the Reagan and Bush administrations including Assistant Secretary of the Treasury for Economic Policy (1986-89), member of the National Commission on Superconductivity (1988-89), Under Secretary of Commerce for Economic Affairs (1989-92), and Administrator of the Economics and Statistics Administration (1990-92).

Professor Darby received his A.B. summa cum laude from Dartmouth College, and his M.A. in 1968 and Ph.D. in 1970 from the University of Chicago. He is the widely cited author of eleven books and monographs and over one hundred other professional publications. His many honors include the 1989 Alexander Hamilton Award, the Treasury's highest honor.