is not attained by chance; it must be sought for with ardor and attended to
with diligence. (Abigail Adams, 1780).
study of economics does not seem to require any specialised
gifts of an
unusually high order. Is it not, intellectually regarded, a very difficult
subject compared with the higher branches of philosophy and pure science? Yet
good, or even competent, economists are the rarest of birds. An easy subject,
at which very few excel! The paradox finds its explanation, perhaps, in that
the master-economist must possess a rare combination of gifts. He must
reach a high standard in several different directions and must combine talents
not often found together. He must be mathematician, historian, statesman,
philosopher—in some degree. He must understand symbols and speak in words. He
must contemplate the particular in terms of the general, and touch abstract and
concrete in the same flight of thought. He must study the present in the light
of the past for the purposes of the future. No part of man's nature or his
institutions must lie entirely outside his regard. He must be purposeful and
disinterested in a simultaneous mood; as aloof and incorruptible as an artist,
yet sometimes as near the earth as a politician. (John Maynard Keynes, Essays in Biography (1933), 170.)
hear and I forget; I see and I remember; I do and I understand.
Department of Economics.
Chair. Department of Economics
Strohkarck Professor of Business and Economics
ECON-345-01. Money and Banking. Tuesdays and
Thursdays. 8:30-10:10. Lingberg 205
Development Economics. Tuesdays and Thursdays. 12:20-2:00. Evald 113.
Office Hours: 9:00-11:00
Mondays and Wednesdays.
These times don’t work for you? If we need to meet one-on-one we can easily
set something up either face to face or using Google Meet! Right before
or right after class we can discuss a time that works out best for both of
Follow these links to the web pages for the
If we are working together, regardless of the
class, you should read this: Learning (Your First Job) by
STUDENTS: To provide input into my teaching
(criticisms, suggestions, praise.) click here!
(Please note that I
teach more than one class a term. You should therefore mention in your message
what class you are taking from me and what section of that class you are in.)
Click here for help with study skills.
Why are you here? Check out the following
link! Liberal Arts at Augustana.
Also look at this piece published in the Williams Alumni Review.
Things statistical and mathematical.
The Jerome Levy Institute
Online Stop Watch!
report on the condition of America's infrastructure.
An absolutely fantastic site maintained by Real PAC (the
real property association of Canada)
Macroeconomic Time Series Data Source Locator
Webpage for Analysis of Financial Time Series.
Money and Banking Newsletter.
Pretend that you're chair of the Fed
Live 8 and the G8 summit.
A History of Economic Thought (William J. Barber)
The Quick MBA
Karl Marx, Capital, volume 1
American Public Media Marketplace
Encyclopedia of History.
Education Portal (Macroeconomics)
(Check this out.)
Personal: Music. Notes and
Ideas (A very old blog. Have
not had the time to maintain.)