Biographies: Leadership in Times of Crisis: Economic Science and the Constitution
Michael Bordo is professor of economics and director of the Center for Monetary and Financial History at Rutgers University in New Brunswick, N.J. He has held previous academic positions at the University of South Carolina and Carleton University in Ottawa, Canada. He has been a visiting professor at the University of California, Los Angeles, Carnegie Mellon University, Princeton University, Harvard University and Cambridge University, where he was Pitt Professor of American History and Institutions. He has been a visiting scholar at the IMF, Federal Reserve Banks of St. Louis and Cleveland, the Federal Reserve Board of Governors the Bank of Canada, the Bank of England and the Bank for International Settlement. He is also a research associate of the National Bureau of Economic Research in Cambridge, Mass. He holds a master’s degree in economics from the London School of Economics and received his doctorate from the University of Chicago. He has published many articles in leading journals and 10 books on monetary economics and monetary history. He is editor of the book series Studies in Macroeconomic History.
James M. Buchanan received the Nobel Prize for Economic Science in 1986 and is the advisory general director of the Center for Study of Public Choice, distinguished professor emeritus of economics at George Mason University in Fairfax County, Va., and at Virginia Polytechnic Institute and State University in Blacksburg, Va. Previously, he taught at the University of Tennessee, Florida State University, the University of Virginia, the University of California at Los Angeles and Virginia Polytechnic Institute and State University, where he established the Center for Study of Public Choice. He is a distinguished fellow of the American Economic Association. He has written many books, including Fiscal Theory and Political Economy, The Calculus of Consent (co-authored with Gordon Tullock), The Limits of Liberty, Democracy in Deficit, The Power to Tax and The Reason of Rules. He has also written hundreds of articles in the areas of public finance, public choice, constitutional economics and economic philosophy. He received a doctorate in economics from the University of Chicago.
David Colander is the Christian A. Johnson Distinguished Professor of Economics at Middlebury College in Vermont. He has authored, co-authored or edited 30 books and more than 100 articles on a wide range of topics. These include Principles of Economics, History of Economic Thought, Macroeconomics (co-authored with Ed Gamber), Why Aren't Economists as Important as Garbagemen? and MAP: A Market Anti-Inflation Plan. He received a doctorate in economics from Columbia University and taught there as well as at Vassar College, the University of Miami and Princeton University. His latest work focuses on economic education, complexity and the methodology appropriate to applied policy economics.
Dean D. Croushore is Associate Professor of Economics and Rigsby Fellow at the University of Richmond and the Interim Director of the Real-Time-Data Research Center at the Federal Reserve Bank of Philadelphia. The focus of his research in recent years has been on forecasting and on how data revisions affect monetary policy, forecasting, and macroeconomic research. Croushore’s publications include articles in many leading economics journals, and he is associate editor of the Journal of Money, Credit, and Banking, the International Journal of Forecasting, and Empirical Economics. He is author of the textbook Money and Banking: A Policy-Oriented Approach, published by Houghton Mifflin, and co-author with Andrew B. Abel and Ben S. Bernanke of Macroeconomics, 6th edition, published by Pearson/Addison Wesley. Dr. Croushore has ten years of full-time teaching experience at Penn State University and the University of Richmond, as well as fourteen years of experience as an economist at the Federal Reserve Bank of Philadelphia, where he was vice president and the head of the macroeconomics research group.
Jeffrey M. Lacker is president of the Federal Reserve Bank of Richmond. This year he serves as a voting member of the Federal Open Market Committee. Previously, he served as assistant professor of economics at the Krannert School of Management at Purdue University, taught at the College of William & Mary and was a visiting scholar at the Swiss National Bank. He originally joined the Bank as an economist in the banking area of the research department. He was later appointed research officer, vice president, senior vice president and then director of the research department. Lacker is the author of numerous articles in professional journals on monetary, financial and payment economics and has presented his work at several universities and central banks. He received a doctorate in economics from the University of Wisconsin.
David M. Levy is professor of economics at George Mason University and research associate of the Center of Study of Public Choice. He was one of three students to complete a dissertation on the history of economics under George Stigler. His publications include a demonstration of the possibility of utility-enhancing consumption constraints, the public choice of central planning and the impact of government-financed R&D. His publications on Adam Smith span 30 years starting with a 1978 article in the Journal of the History of Ideas. With Sandra Peart, he has defended Smith’s analytical egalitarianism in a series of publications including the prize-winning 2005 The "Vanity of the Philosopher": From Equality to Hierarchy in Post-Classical Economics and continuing with The Street Porter and the Philosopher: Conversations on Analytical Egalitarianism out last July. Recent work addresses the problem of statistical ethics using Smith’s principle of sympathy. He and co-author Sandra Peart have also made two contributions to the new edition of Palgrave’s Dictionary of Economics: "George J. Stigler" and "The Socialist Calculation Debate." He holds a doctorate in economics from the University of Chicago.
Perry G. Mehrling is professor of economics at Barnard College, Columbia University in New York. His research interests are in the history and foundations of monetary economics. His teaching specialties include economics of money and banking, monetary theory and policy, and financing democracy. He has published Fischer Black and the Revolutionary Idea of Finance and The Money Interest and the Public Interest: American Monetary Thought, 1920-1970. Mehrling received a doctorate in economics from Harvard University, and holds a master of science in econometrics and mathematical economics from the London School of Economics.
William A. Niskanen is chairman emeritus and a distinguished senior economist at the Cato Institute. Prior to this, he served as the acting chairman of President Reagan’s Council of Economic Advisers. He has served as director of economics at the Ford Motor Company, professor of economics at the University of California at Berkeley and Los Angeles, assistant director of the U.S. Office of Management and Budget, a defense analyst at the RAND Corporation, the director of special studies in the Office of the Secretary of Defense and the director of the program analysis division at the Institute of Defense Analysis. He has written on many public policy issues including corporate governance, defense, federal budget policy, regulation, Social Security, taxes and trade. His publications include Bureaucracy and Representative Government, Reflections of a Political Economist: Selected Articles on Government Policies and Political Processes, After Enron: The Major Lessons for Public Policy and Autocratic, Democratic and Optimal Government: Fiscal Choices and Economic Outcomes. He received a doctorate in economics from the University of Chicago.
Sandra J. Peart is dean of the Jepson School of Leadership Studies at the University of Richmond. She is co-director of the annual Summer Institute for the Preservation of the History of Economic Thought at the University of Richmond. She was the 2007-08 president of the History of Economics Society. Her scholarship focuses on economic thought and political economy, especially in the context of ethics and leadership. Peart has authored or edited five books with David Levy, including The "Vanity of the Philosopher": From Equality to Hierarchy in Post-Classical Economics and The Street Porter and the Philosopher: Conversations in Analytical Egalitarianism, and numerous publications. She holds a master’s degree and a doctorate in economics from the University of Toronto.
Salim Rashid is professor of economics at the University of Illinois Urbana-Champaign. His current research interests are in the area of development economics and political economy. He is the author of "Compact Townships as a model of economic development for Bangladesh", "The Irish model of economic development", "The policy of laissez-faire during scarcities" and Economic Policy for Growth. Rashid received a doctorate in economics from Yale University
Hugh Rockoff is professor of economics at Rutgers University. He teaches U.S. economic history, money and banking and history of economic thought. His research interests include the history of price controls, the U.S. economy during World War II and U.S. monetary history. He received a doctorate from the University of Chicago.
Vernon L. Smith received the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. He has joint appointments with the Argyros School of Business and Economics and the School of Law at Chapman University in Orange, California. He is part of a team that will create and run the new Economic Science Institute. He has authored or co-authored more than 250 articles and books on capital theory, finance, natural resource economics and experimental economics. He serves or has served on the board of editors of the American Economic Review, The Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, Science, Economic Theory, Economic Design, Games and Economic Behavior and the Journal of Economic Methodology. He is past president of the Public Choice Society, the Economic Science Association, the Western Economic Association and the Association for Private Enterprise Education. Previous faculty appointments include the University of Arizona, Purdue University, Brown University, the University of Massachusetts and George Mason University. He holds a doctorate in economics from Harvard University.
Aris Spanos is the Wilson Schmidt Professor of Economics in the department of economics at Virginia Polytechnic and State University in Blacksburg, Va. His specializations include econometrics, modeling speculative prices, philosophy and methodology of empirical modeling. His research interests include the philosophy and methodology of statistical inference and modeling; data mining in economics, computer science and bioinformatics, misspecification testing and respecification, resampling techniques and statistical adequacy, parametric vs. nonparametric modeling, reliability and precision of statistical inference; modeling speculative prices. He is the author of Probability Theory and Statistical Inference and Statistical Foundations of Econometric Modeling.
Richard E. Wagner is the Hobart R. Harris Professor of Economics and the graduate director of the economics department at George Mason University in Fairfax County, Va. He has also held positions at The University of California, Irvine, Tulane University, Virginia Polytechnic Institute and State University, Auburn University and Florida State University. Wagner's interests include public finance, macroeconomics and political economy. He is the author of more than 100 articles in professional journals and some 20 books and monographs, including Inheritance and the State, Democracy in Deficit, The Fiscal Organization of American Federalism, To Promote the General Welfare and Fiscal Sociology and the Theory of Public Finance. He serves in an advisory relationship to such organizations as the Independent Institute, the Institute for Research on the Economics of Taxation, the James Madison Institute for Public Policy Studies, the Public Interest Institute and the Virginia Institute for Public Policy. He received a doctorate degree in economics from the University of Virginia.
David Warsh is a former reporter who covered economics for The Boston Globe for 22 years and,also wrote for The Wall Street Journal, Forbes, Newsweek and Pacific Stars and Stripes. He is a graduate of Harvard University in social sciences and a two-time winner of financial journalism's Loeb Award. In 2004 he was the J.P. Morgan Prize Fellow at the American Academy in Berlin. Economicprincipals.com, his blog, covers economics news and trends.
Sidney G. Winter is the Deloitte and Touche Professor of Management, Emeritus, at The Wharton School of the University of Pennsylvania. Before joining Wharton in 1993, he served for four years as Chief Economist of the U.S. General Accounting Office (now called the Government Accountability Office) in Washington. He was professor of economics and management at Yale University from 1976 to 1989 and has served on the faculties of the University of California, Berkeley, and the University of Michigan. Most of his research has been in the area of firm behavior and technological change; its current focus is on the study of corporate strategy and management problems from the viewpoint of evolutionary economics. He and Richard R. Nelson co-authored An Evolutionary Theory of Economic Change and he is a frequent contributor to scholarly journals and symposia. He co-edited symposium volumes The Nature of the Firm and The Nature and Dynamics of Organizational Capabilities. He is a fellow of the Econometric Society and of the American Association for the Advancement of Science, and a member of the American Economic Association. He received a doctorate in economics from Yale University.