Althouse Hall Room 113
Teaching interests include: Monetary Theory and Policy, Political Economy, Microeconomics. Research interests include: Political Economy, British Economic History (1945-1951), 19th century Philosophic Radicalism.
ECON 314 Political Economy
This course will explore a wide variety of topics in political economy. Topics we shall explore include (among others): F. A. Hayek's assessment of socialism and the welfare state, Marxian responses to Hayek's challenge, J. M. Buchanan's worst-case philosophy of constitutional political economy, Tullock's theory of rent-seeking, Ellerman's labor theory of property, the Buchanan-Samuels exchange, corruption and the anti-commons, Friedman's assessment of the Pinochet dictatorship, and contested exchange theory. During the course, you will take part in several simple classroom experiments. Each game will help to illuminate the situational logic underlying the theory we are discussing in class. The goal of this class is to acquaint you with a variety of important topics and debates in political economy. The course requires much from you in terms of active participation and you have the opportunity to help shape the direction of class discussion.
ECON 344 Public Finance
Theoretical analysis of the interaction of the public and private sectors emphasizing problems of allocation and distribution. Topics include economic rationales for government, public expenditure theory, redistribution of income, collective decision making, and taxation. Neoclassical approaches predominate; however, some alternative approaches will be explored. Prerequisite: 278 or permission of the instructor.
ECON 347 Money and Banking
A study of the role of money and credit in the U.S. economy. The nature of money, the structure of the banking system in the context of a rapidly changing financial institutional environment, and the Federal Reserve System are examined. Various theories of money as guides to monetary policy are compared and contrasted. Neoclassical approaches will predominate, although some alternative approaches will be explored. Prerequisite: 112