Department of Economics

News & Events

Saul Hoffman, “Increasing the Minimum Wage: Not Perfect, But a Useful Step,” News Journal and Delawareonline.com, March 22, 2014.

Stacie Beck and Eleanor Craig, “Getting a foot in the door via apprenticeship,” News Journal and Delawareonline.com, March 22, 2014.

Research by  Estelle Sommelier (PhD 2006) is included on the website of the Economic Policy Institute in Paris. Her data will be added to  the World Top Incomes Database website maintained by Thomas Piketty, author of Capital in the 21st Century.

Bonnie Meszaros, Associate Director of the Center for Economic Education and Entrepreneurship, was named a First State Saves Saving Star at a reception held Thursday, Feb. 27, at Junior Achievement in Wilmington.

Farley Grubb reviewed Marc Shell, Wampum and the Origins of American Money (Urbana, IL: University of Illinois Press, 2013) for EH.NET, March 2014. Read here.

Burton Abrams, “Will New Fed Chief Push Inflation?”,  McClatchy-Tribune News Service, Feb. 11, 2014

Farley Grubb attended the NBER (National Bureau of Economic Research) conference on the Development of the American Economy, Cambridge, MA, March 1, 2014.

Research by Saul Hoffman on the minimum wage was featured in a New York Times lead article, “Fight Over Minimum Wage Illustrates Web of Industry Ties,” Monday, Feb. 10, 2014. 

Saul Hoffman "Obamacare Critics Misrepresenting 'Job Killer' Claim," News Journal and Delawareonline.com, Wilmington DE, February 20, 2014.

Farley Grubb was appointed North American Editor of the Financial History Series published by Pickering & Chatto.

New research by Michael Arnold and three French economists (Thierry Penard, Eric Darmon, and Sylvain Dejean) on French Internet piracy legislation received media coverage at torrentfreak.com and at arstechnica.com.  The paper, “Graduated Response Policy and the Behavior of Digital Pirates: Evidence from the French Three-Strike (Hadopi) Law,” is available here

New research by Saul Hoffman on the employment effects of the minimum wage was featured in a blog post by John Schmitt of the Center for Economic and Policy Research in Washington, DC.   Hoffman’s article is available as a working paper here.

Burton Abrams,  “Social Security shock coming?” Orange County Register, Jan. 31, 2014. 

Emeritus Professor Jeffrey Miller is a regular contributor to The RetireMentors, a retirement financial and economic advice blog (http://www.marketwatch.com/retirement/mentors/stories?authorId=20732 ) sponsored by The Wall Street Journal.  His posts have been read by more than 200,000 site visitors.  Miller also is the co-founder of Social Security Choices, a firm that specializes in providing customized information to assist people in formulating their best strategies for claiming Social Security benefits.

Saul D. Hoffman, “Use Wage Hike, EITC To Help Delawareans,” News Journal and Delawareonline, January 14, 2014.

Samuel Mathey (PhD, 2012) and Bruno Bernard, The Economic Game Changers:  Zero Starting Capital Export Driven Entrepreneurs. Bruxelles Belgium: Bebooks Edition (1st Ed). Mathey and Bernard analyze African entrepreneurs that start with zero capital and those that are export driven. The book identifies

12 models of such entrepreneurs and studies them from their value chain systems to their business models details. The book is available on Itunes, Amazon and the major electronic forums.

Burton Abrams, “Ethanol isn’t green, isn’t efficient, and shouldn’t be subsidized,” The Daily Caller, December 27, 2013.

Burton Abrams, “80 Years After Prohibition's Repeal, President Obama Continues A Failed Drug War,” Forbes.com, December 5, 2013.

OP-ED pieces by Saul Hoffman (“Strengthening Middle Class in a Skills-Based Economy”) and by Stacie Beck and Eleanor Craig (“More Economic Growth Can Help the Middle Class”) were featured in the News Journal and Delawareonline.com, December 12, 2013 as part of paper’s focus on the future of the middle class.  An OP-ED by James Butkiewicz (“Job Loss and Income Inequality are Global Problems”) appeared December, 16, 2013. 

Saul Hoffman was featured in a December 5, 2013 Ch. 10 news feature on the one-day strike by fast-food workers for higher wages in Delaware.

Farley Grubb presented his paper “Estimating the Liquidity Premium of a Local Inside Money: Colonial New Jersey’s Paper Pound, 1709-1775,” in the Conference on the “Quality of Money” held at the Paris School of Economics, Paris, France, 12/6/2013, sponsored by the Japan Society for the Promotion of Science #22330102 in association with Ecole des Hautes Etudes en Sciences Sociale and the Paris School of Economics.

Saul Hoffman, “Despite Problems, Two and a Half Cheers for Obamacare,” News Journal (Wilmington, DE) and Delawareonline, November 25, 2013.

Emeritus Professor Jeff Miller presented "Expanding Your Digital Value Via Eldercare and Social Security Advisory Services," at the Digital CPA CPA2BIZ Cloud User Conference sponsored by the American Institute of CPAs, November 22,2013.

Adrienne Lucas, Assistant Professor of Economics, was ranked 33rd among the top 100 young economists globally active since 2009. Adrienne’s research examines the impact of educational attainment and disease eradication/health care in developing economies, and has appeared in top journals including the American Economic Review. The ranking was done by RePEc (Research Papers in Economics) and is based on publication popularity and citations using the RePEc bibliographic database of “working papers, journal articles, books, books chapters and software components.”

Farley Grubb presented his research on “Colonial New Jersey Monetary Regimes” in the session on “What Does Money Mean? World-Making through Currency and Credit,” at the American Studies Association annual meetings, Washington, DC, November 21-24, 2013.

Research by Burt Abrams on the relationship between President Richard Nixon and then Chairman of the Federal Reserve Board Arthur Burns was featured in a November 10, 2013 OP-ED piece by nationally syndicated columnist George Will.  Abrams’s research, "How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes" was published in the Journal of Economic Perspectives, Vol. 20, No. 4, Fall, 2006.

Stacie Beck and Eleanor Craig, “Sequestration prevents a worst-case scenario,” News Journal and Delawareonline.com, November 6, 2013.

Burt Abrams  published several OP-ED columns:  “Think Obamacare’s a Train Wreck?  Wait for Medicare and Medicaid,” The Hill’s Congress Blog, November 1, 2013; “Income Tax Turns 100,” Washington Times, October 29, 2013. “Barack Obama’s Nixonian Fed Pick,”  The Daily Caller, October 16, 2013; “Is Inequality Stunting the Economy?” Washington Examiner, February 8, 2013.  He also presented invited lectures at Beijing Institute of Technology and Shandong University of Finance and Economics , October, 2013

Ellen Green presented "Counterfactual Simulations in Experimental Economics: A Study of Blended Physician Payment Structures," at the  Society for Medical Decision Making Annual Meeting,  Baltimore MD and the North-American Economic Science Association Conference, Santa Cruz, CA, both October, 2013 and at the Southern Economic Association’s Annual Meeting, Tampa, FL  in November, 2013.  She also presented "Payment Systems in the Healthcare Industry: An Experimental Study of Physician Incentives," at the Haverford Meeting on Experimental Economics, Haverford, PA, August, 2013. 

Farley Grubb's recent working paper "“The Continental Dollar: How the American Revolution was Financed with paper Money—Initial Design and Ideal Performance” was profiled and discussed on October 28, 2013 by the Financial Times daily commentary blog (FT Alphaville). See http://ftalphaville.ft.com/2013/10/28/1679672/why-the-us-continental-saga-tells-us-little-about-fiat-currency/?

Saul Hoffman, “Obamacare Needs To Be Strengthened, Not Defunded,” News Journal (Wilmington, DE) and Delawareonline, October 16, 2013.

James Butkiewicz, Department Chair, was featured in an article about the future of casino gambling in Delaware in the News Journal (Wilmington, DE) and Delawareonline.com, October 13, 2013. 

Farley Grubb presented his paper “Estimating the Liquidity Premium to Paper Money in Colonial America: New Jersey, 1709-1775” in the economics department seminar at Wake Forest University, Winston-Salem, NC, Oct. 8, 2013. He also was a guest lecturer in the course “Monetary Theory and Policy” at Wake Forest University on Oct. 9, 2013.

Olga Gorbachev was awarded a University of Delaware General University Research Grant for “The Disperate Impact of Default and Foreclosure during the Great Recession on Household Wealth.”

Olga Gorbachev was an invited participant at the NBER Summer Institute on Aggregate Implications of Microeconomic Consumption Behavior.  The Summer Institute was held in Cambridge, MA.  She made seminar presentations at the Federal Reserve Bank of Philadelphia, (April 2013) and the Department of Economics, Lafayette College, (March 2013).

Burton Abrams, “The New Red Menace:  Deficit Spending” syndicated OP-ED to coincide with the October release of his new book The Terrible Ten:  A Century of Economic Folly (Oakland: The Independent Institute, 2013).  The OP-ED appeared in 20 newspapers, including, among others, the Pioneer Press (St. Paul, MN), the Republican-American (Waterbury, CT), and the Anchorage Daily News.

Farley Grubb attended the Board of Trustees annual meeting for the Cliometrics Society as an incoming board member.  The meeting was held in conjunction with the Economic History Association annual meetings in Arlington, VA, Sept. 20-22, 2013.

Adrienne Lucas presented "Improving Primary School Quality Across Countries: Experimental Evidence from Kenya and Uganda" at the World Bank and at Georgetown University, September 2013.

Saul D. Hoffman, “To not see health care as a right is ‘un-American,’” News Journal and Delawareonline.com, Wilmington, DE, September 14, 2013.

Farley Grubb attended the Board of Trustees annual meeting for the Cliometrics Society, as an incoming board member, held at the Economic History Association annual meetings in Arlington, VA on Sept. 20-22, 2013.

Adrienne Lucas’s research on the impact of free primary education in Kenya was featured in the Fall, 2013 edition of UD Research.  Read the full story here

Stacie Beck and Eleanor Craig, “Time for a new direction for the Federal Reserve,” News Journal and Delawareonline, Wilmington, DE, September 11, 2013.

Two new faculty members joined the department in September, 2013.  Matt White is a new PhD from Johns Hopkins with a specialty in health economics and mathematical economics.  He is teaching a new 400-level course in health economics this term.  Carlos Asarta joins the department as an Associate Professor and Director of the Center for Economic Education and Entrepreneurship.  Asarta was previously on the economics faculty at the University of Nebraska-Lincoln.  We welcome both of them to UD.

Saul D. Hoffman, “Family, friends are real faces of health care reform,” News Journal and Delawareonline, Wilmington, DE, August 19, 2013.

Kent Messer, Professor of Applied Economics and Statistics, has been named the Unidel Howard Cosgrove Chair for the Environment.  Messer has a joint appointment in the Department of Economics.  Read more here.

Social Security Choices, a Social Security advice web site developed by Emeritus Professor Jeffrey Miller and former professor Russ Settle, was featured in a discussion article, “How to Maximize your Social Security Benefits,” in the Wall Street Journal, September 8, 2013.  

James O’Neill, the long-time director of the Center for Economic Education and Entrepreneurship (CEEE), was honored by a brunch in his honor held during Alumni and Reunion Weekend, June 1, 2013.  O’Neill directed the CEEE from 1971 until stepping down August 31, 2013.  Read more here.

Economics major Max Kramer was chosen as the 2013 recipient of the Alexander J. Taylor Sr. award, as the outstanding male in the UD graduating class. The award is given annually by the UD Alumni Association to recognize the senior man who most exemplifies leadership, academic success and community service.  Read more here.

Farley Grubb attended as a funded invitee the NBER (National Bureau of Economic Research) summer institute on the Development of the American Economy and on the First 100 Years of the Federal Reserve, Cambridge, MA, July 8-11, 2013.

Farley Grubb presented his paper "The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment" at the 7th World Congress of Cliometrics, Honolulu, Hawaii, June 17-20, 2013.

Adrienne Lucas presented "Improving Primary School Quality Across Countries: Experimental Evidence from Kenya and Uganda" at the Hewlett Foundation sponsored Learning to Improve Learning Meetings in Murchison Falls National Park, Uganda in June 2013.

Michael Arnold and Thierry Penard present: "The Economics of Digital Content Management: Distribution, Piracy and Legal Protections" on Wednesday June 12, 2013 9:45am-4:00pm in 106 Lerner Hall Conference Room

Saul Hoffman, “Deficits, Debt, Spending – Myths and Misconceptions,” News Journal and Delawareonline.com, Wilmington, DE, May 14, 2013.

Farley Grubb was elected to the Board of Trustees of the Cliometric Society. This is a four-year term starting January 1, 2014.

Farley Grubb’s book German Immigration and Servitude in America, 1709-1920 (New York: Routledge, 2011), ISBN: 978-0-415-61061-2, was reviewed by Simone Wegge on EH.Net 1 May 2013, see

http://eh.net/book_reviews/german-immigration-and-servitude-america-1709-1920. Other scholars have already noted the following passage from the review.

"Farley Grubb is a researcher’s researcher, or a scholar’s scholar: he cares more about uncovering the empirical truth than espousing a particular economic model or popular historical theme. Grubb is brutally honest about his work, how he came to the data, what they can do and cannot do, and what is old and what is new in this book. In another life he would make a great Atticus Finch or Detective Columbo. This is part of the reason this book was such a pleasure to read. I felt like I was getting the truth as best as he sees it, pretty or not.”

Laurence Seidman, “Why Do We Think Social Security, Medicare Is At Risk?” News Journal and Delawareonline.com, Wilmington, DE, May 1, 2013.

Saul Hoffman, “Only One Budget Trims Costs and Brings in Revenues,” News Journal and Delawareonline.com, Wilmington, DE, April 25, 2013.

Saul Hoffman taught a graduate course in Labor Economics at Université Paris I, Pantheon-Sorbonne, March 18-23, 2013.

Farley Grubb presented his paper "The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment," at the conference on The American Constitution: 225th Anniversary of the Ratification sponsored by the National Science Foundation (NSF) held at the University of Georgia, Athens, GA, 22-24 March 2013 http://225thanniversary.weebly.com.

The Department of Economics presented a public panel discussion, “A Clash of Views: A Debate over U.S. Economic Policies,” Tuesday, April 16, 2013. The program featured discussion and debate by Professor Burt Abrams, Professor Saul Hoffman, Distinguished Scholar in Residence Bill Poole and Chaplin Tyler Professor of Economics Larry Seidman on three economic policy challenges: jobs and unemployment; the Federal budget and the deficit; and the future of Social Security and Medicare.  Read more here.

Farley Grubb was an invited attendee at the NBER Conference on the Development of the American Economy, Cambridge, MA, March 2, 2013.

Farley Grubb presented a seminar on "The Fiscal Foundations of Money in the Constitutional Era" as a guest speaker in the Harvard Law School Course "The Constitutional Law of Money," February 6, 2013, Cambridge, MA.

Farley Grubb presented a talk on “Legal Tender Laws: The Core Conflict over Money Creation in the Constitutional Era,” in the Columbia Law School Seminar Series on Modern Money and Public Purpose, Jan. 25, 2013, New York City. See http://www.modernmoneyandpublicpurpose.com/

Farley Grubb presented his paper “Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America,” at the Allied Social Science Associations annual conference in the session on “Money, Banking, and Prices” sponsored by the Economic History Association, San Diego, CA, 5 January 2013. At the same conference, he was also a discussant on papers presented in the session on “Issues in 19th-Century Economic Growth” sponsored by the Cliometrics Society, 4 January 2013.

Adrienne Lucas presented "Adult Antiretroviral Therapy and Child Health: Evidence from Scale-up in Zambia" at the American Economic Association Annual Meeting in January 2013.

Adrienne Lucas presented "Adult Antiretroviral Therapy and Child Health: Evidence from Scale-up in Zambia" at Delaware's World AIDS Day in December 2012.

Adrienne Lucas presented "Improving Primary School Quality Across Countries: Experimental Evidence from Kenya and Uganda" at Association for Public Policy Analysis and Management Fall Research Conference in November 2012.

Adrienne Lucas presented "Improving Primary School Quality Across Countries: Experimental Evidence from Kenya and Uganda" at Northeast Universities Development Consortium Conference in November 2012.

Adrienne Lucas was an invited attendee to the NBER Fall Education meetings in November 2012.

Saul Hoffman, “GOP is now the party of fiscal irresponsibility,” News Journal and Delawareonline.com, Wilmington, DE, September 21, 2012.

Professor Farley Grubb will be a seminar speaker in January for the Columbia University School of Law program “Modern Money and Political Purpose.” For more information see: http://www.modernmoneyandpublicpurpose.com

Northeast Center for Risk Management Education, 2012-2013. “Pricing and Marketing Risk Management Education for Honey Producers.” $35,000.  D. Delaney and K. Messer (PIs), J.R. Fooks (Co-PI).

National Science Foundation – funding support from the Decision, Risk & Management Sciences, Engineering, and Geosciences directorates, 2012-2013. “WSC Category 1 - Water Sustainability in Coastal Environments: Exploratory Research for an Integrated Study of the Effect of Anticipated Sea Level Rise on Contaminated Site Risk.” $145,000.  J.M. Duke (PI), K.D. Messer, H. Michael and D. Sparks (co-PIs).

Farley Grubb's book German Immigration and Servitude in America, 1709-1920 (New York: Routledge, 2011) was reviewed in the Economic History Review, vol. 64, no. 4 (Nov. 2012), pp. 1605-1607 by Mark Haberlein of the University of Bamberg, Germany.

The faculty of the Department of Economics congratulate alumnus Andrew Hill for his recognition as a recipient of the Presidential Citation for Outstanding Achievement on October 19, 2012.

Farley Grubb's recent working paper “Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America,” was selected by the editorial board of NEP-HIS for summary and discussion in their blog  http://www.nephis.org . NEP-HIS is responsible for disseminating and discussing new working papers in the field of Business, Economics and Financial History  based on papers in http://Repec.org .

Farley Grubb attended the NBER Summer Institute Conferences on the Development of the American Economy and the on the Microeconomics of the New Deal, in Cambridge, MA, July 23-27, 2012.

Saul Hoffman, “Republicans offer nothing on health care reform,”News Journal and Delawareonline, July 29, 2012.

Stacie Beck and Eleanor Craig, “Obamacare's negatives outweigh the positives” News Journal and Delawareonline, July 15, 2012.

Dave Black, “Some key economic advice from star players,” News Journal and Delawareonline, June 23, 2012.

Charles Link and Simon Condliffe presented “Racial Differences in the Effects of Hypertension and Obesity on Health Expenditures by Diabetes Patients in the U.S.” at the 4thbiennial meeting of the American Society of Health Economists in Minneapolis, June 11, 2012.

Kolver Hernandez presented "The transmission of US shocks to emerging markets" at the 2012 Society for Economic Dynamics Annual Meeting in Limassol, Cyprus, June 23, 2012.

Burt Abrams presented invited lectures at Beijing Institute of Technology and the Inner Mongolia Finance and Economics University, May/June, 2012. Read more here.

James O’Neill gave invited lectures at the Varna Free University in Bulgaria.  O’Neill received an honorary award as a “Member of the Academic Forum of VFU” for his service and contributions.  Read more here.

Graduate student Samuel Mathey became the first doctoral student in the Alfred Lerner College of Business and Economics to successfully defend a dissertation via Skype. Samuel participated from Paris, France. Read more here.

Ellen Green presented, "An Experimental Study of Payment Mechanisms In a Multiple Principal Agent Setting," 2012 International ESA Conference, New York, June, 2012.

Farley Grubb presented his paper "Is Paper Money Just Paper Money? Experimentation and Local Variation in the Fiat Paper Monies Issued by the Colonial Governments of British North America, 1690-1775: Part I" at the Colloquium on Money, Power & Print: Interdisciplinary Studies of the Financial Revolution in the British Empire, 1688-1776, The Citadel, Halifax, Canada, 14-16 June 2012.

Adrienne Lucas presented “Improving Primary Education: An Experimental Evaluation of the Reading to Learn Program” at the International Food Policy Research Institute, Washington, DC in June, 2012.

Graduate student awards for the Department of Economics were announced at a special reception for graduating students, May 25, 2012. The Graduate Scholar Award is given to a graduating MA student and MS student for outstanding academic achievement in the classroom. The 2012 winners are Jiao Tu (MA program) and Zairan Zhou (MS program). The Sally Latham Dissertation Award is given to a graduating Ph.D. student with the most outstanding dissertation. The 2012 winner is Dmitry Volodin for his dissertation, “The Effects of Inventor Mobility, Inventive Team Characteristics, and the Patent Examination Process on Patent Values,” written under the direction of Prof. William Latham. In addition, graduate student Liang Zhong was the 3rd prize winner of NAAIM 2012 Wagner Award for his paper, joint with George Yang. His paper was "Optimal Portfolio Strategy to Control Maximum Drawdown: The Case of Risk-based Active Management with Dynamic Asset Allocation."

Josh Duke, Professor of Applied Economics and Statistics and Professor of Economics, has been elected President-Elect of the Northeastern Agricultural and Resource Economics Association.

Evangelos Falaris, Professor of Economics, presented "Schooling and Cohort Size: Evidence from Vietnam, Thailand, Iran and Cambodia" (joint with Thuan Thai, PhD, 2009) at the Population Association of America meeting in San Francisco, May, 2012.

Adrienne Lucas presented "Improving Primary Education: An Experimental Evaluation of the Reading to Learn Program" and gave the Christian A. Johnson Lecture at Middlebury College, CT, in March, 2012.

Farley Grubb presented his paper "Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America" in the Pro-Seminar on Re-Theorizing Liquidity at Harvard Law School's Institute for Global Law and Policy, Cambridge, MA, June 2, 2012.

Eleanor Craig marked her 50th year of teaching at the University of Delaware in May, 2012.  Highlights of her teaching career were featured in a UDaily article here.

William Poole, Distinguished Scholar in Residence, was featured in a recent CNBC edition of Squawk Box, Friday, April 20, 2012.  Bill talked about Federal Reserve policy regarding forecast errors.

Stacie Beck and Eleanor Craig, “Buffett Rule shows White House is unserious about economy,” News-Journal and delawareoline.com, April 21, 2012.

Jorge Soares, “Luck of draw won't cut it for Newark Charter,” News Journal and Delawareonline.com, Wilmington, DE, April 17, 2012.

Farley Grubb was interviewed for and quoted in an article on “Mad Money” by Abby Rapoport for The American Prospect (May 2012), also at http://prospect.org/article/mad-money (April 17, 2012).

Farley Grubb attended at the NBER Conferences on Cohort Studies and on the Development of the American Economy, Cambridge, MA, April 13-14, 2012.

William Latham and Ken Lewis, professors of Economics and co-directors of the Lerner College Center for Applied Business and Economic Research, wrote a guest blog posting for the Washington Post, “Does March Madness success boost collegiate rankings?” March 31, 2012.  The entry discusses work they have done using their new software tool, , the Intercollegiate Athletics Comparison Tool. 

Saul HoffmanRomney’s Business Logic Racks Up Zeroes,” News Journal and Delawareonline.com, Wilmington, DE, March 29, 2012.

Laurence Seidman, “Big Stimulus Package Needed to Get Jobless Rate Down,” News Journal and Delawareonline.com, Wilmington, DE,  March 13, 2012

Burton Abrams has been named a Research Fellow of The Independent Institute, where he also writes a blog.  The Independent Institute is publishing his book, The Dirty Dozen. 

Former graduate student Jay Squalli (PhD, 2004) is a co-author of the Middle East edition of Principles of Economics, one of the best-selling textbooks in the field. Jay’s very well-known co-authors are Ben Bernanke, President of the Federal Reserve Board and formerly Professor of Economics at Princeton University, and Robert Frank, Professor of Economics at Cornell University and a regular economics columnist for the New York Times. Jay is Professor of Economics at the American University of Sharjah, UAE.

Research by former graduate student Michael Hidrue (PhD, 2010) on the demand for electric vehicles was cited by the US Environmental Protection Agency in its Draft Regulatory Impact Analysis: Proposed Rulemaking for 2017-2025 Light-Duty Vehicle Greenhouse Gas Emission Standards and Corporate Average Fuel Economy Standards.

Farley Grubb presented his paper "Is Paper Money Just Paper Money? Experimentation and Local Variation in the Fiat Monies Issued by the Colonial Governments of British North America, 1690-1775," at the Conference on De-Teleologising History of Money and Its Theory held at the University of Tokyo, Tokyo, Japan on February 16, 2012 (funded by the Japan Society for the Promotion of Science Research--Project 22330102).

Stacie Beck and Eleanor Craig, “Dems put job creation in a chokehold,” Dec. 20, 2011, News Journal and Delawareonline.com.

David R. Stockman presented “Li-Yorke Chaos and Backward Dynamics" at the Federal Reserve Bank of Richmond (invited seminar), December 7, 2011.

Asst. Prof. Bonnie Meszaros, Economic Education graduate student Erin Yetter, and Andrew Hill (UD, PhD, 2003; Federal Reserve Bank of Philadelphia) received the 2011 Distinguished Paper Award from the Pennsylvania Educational Research Association (PERA) for their paper “The Keys to Financial Success Curriculum: Impact on Personal Finance Behavior.” The award entitles them to the PERA distinguished paper slot the 2012 American Educational Research Associations (AERA) Annual Conference in Vancouver, Canada in April, 2012.

Saul Hoffman and Laurence Seidman, “Adding Jobs is the Immediate Problem,”  News Journal and Delawareonline.com, Wilmington, DE, December 5, 2011.

Eleanor Craig, “China currency has little to do with US jobs,” News Journal and Delaware Online.com, November 10, 2011.

Laurence Seidman participated in a special forum  on Understanding Social Security at the UD Wilmington Campus, November 4, 2011.  Seidman spoke as part of a panel discussion on Social Security Solvency.  To see the discussion, click here.

James Mulligan’s article, “Market Segmentation and the Diffusion of Quality-Enhancing Innovations: The Case of Down-Hill Skiing," (with E. Llinares) , previously published in The Review of Economics and Statistics, Vol. 85, No. 3 (August 2003), has been included in Recent Developments in the Economics of Sport, edited by Wladimir Andreff and published by Edward Elgar, 2011.

Farley Grubb presented his paper “Creating Maryland’s Paper Money Economy, 1720-1739: The Role of Power, Print, Markets, and Law,” at the annual meetings of the American Society for Legal History, Atlanta, GA, Nov. 12, 2011.

Stacie Beck participated in the UD Symposium on the 2011 Nobel Prize Winners, October 28, 2011. Stacie spoke about the work of economics laureates Thomas Sargent and Christopher Sims. More info on the program and her remarks are here.

Saul Hoffman, “Cain's 9-9-9 plan is morally reprehensible,” News Journal and Delaware Online.com, Oct. 20, 2011.

James Butkiewicz participated in a symposium on Monetary Economics at East Carolina University, Oct. 3, 2011.  Butkiewicz spoke on “The Great Depression and the Great Recession.”

James Butkiewicz, “Government must allow housing market to correct itself,” News Journal, October 9, 2011.

Laurence Seidman, “Don't turn a recession into a depression,” News Journal, September 14, 2011.

Olga Gorbachev presented “Consumption Volatility, Liquidity Constraints and Household Welfare" (joint work with Keshav Dogra) at the Royal Economic Society Annual Conference held at Royal Holloway, University of London, UK, April 18 through 20, 2011.

Olga Gorbachev attended the NBER Summer Institute Workshop on Aggregate Implications of Microeconomic Consumption Behavior, Household Finance, and Economic Fluctuations and Growth Research Meeting, held in Cambridge, MA, July 16-22, 2011.

Farley Grubb presented his paper "The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment" at the 71st Annual Meeting of the Economic History Association, Boston, MA, September 9, 2011.

Jeff Miller’s economic advice website, Social Security Choices, was written up in The New York Times Bucks Blog July 26, 2011 and on UDaily. Social Security Choices is a joint effort of Miller, former UD Economics professor Russ Settle, and former UD economics undergraduate student William Dowd. It helps individuals understand how to make the best decisions about collecting Social Security.

David R. Stockman presented “Random Dynamical Systems and Markov Switching" at the 17th International Conference on Computing in Economics and Finance, Society for Computational Economics, sponsored by the Federal Reserve Bank of San Francisco, June 29 through July 1, 2011.

Laurence Seidman, “Suspend payroll tax through end of 2012 to boost economy,” News Journal, July 16, 2011.

Stacie Beck and Eleanor Craig, “Slash spending, don't increase taxes,” News Journal, July 15, 2011.

Farley Grubb presented his paper “The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment,” at the National Bureau of Economic Research, Cambridge, MA, July 14, 2011.

Farley Grubb presented a talk on "Paper Money in America, 1690-1913" at the Osher Lifelong Learning Institute at UD Wilmington, DE on June 15, 2011.

Farley Grubb presented "Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America," at the Harvard Law School Institute for Global Law and Policy, Session on "Re-Theorizing Liquidity," Cambridge, MA, June 6-9, 2011.

Kolver Hernandez presented “The Impact of US Shocks in Emerging Markets" at the 2011 Midwest Macroeconomics Meetings at Vanderbilt University, May 21, 2011.

Graduate students Xiaobo Chen and Susan Steward have won QE Foundation fellowship grants to research “Concepts of Economics and Work Productivity,” featuring the QE Principle and the QE Staffing and Scheduling Methods. Read more here

2011 Graduate Student Awards were presented May 27. The award winners were: Zachary Rose (Graduate Scholar Award); Michael Hidrue (Sally Latham Dissertation Award); Serkan Sen (Sally Latham Graduate Research Award); and Mihaela Solcan (Graduate Student Excellence in Teaching Award).

Laurence Seidman, “Without a fiscal stimulus plan, recovery will falter,” News-Journal, May 22, 2011.

Stacie Beck and Eleanor Craig, “To truly race to top, state must expand school choice,” News-Journal, April 17, 2011.

Professor David Stockman was promoted to Full Professor, effective September 1, 2011. Also promoted was Titus Awokuse, Department of Food and Resource Economics, to Full Professor and Kent Messer, also Department of Food and Resource Economics, to Associate Professor with tenure. Both Awokuse and Messer have a joint appointment with the Economics Department.

Michael Arnold, Associate Prof of Economics and Director, UD Honors Program, has been selected as the 2011 winner of the Lerner Educator award. Michael joins Profs. James O’Neill, Dave Black, and Ken Lewis as Economics Department faculty who have won this award.

Laurence Seidman, Chaplin Tyler Professor, has been appointed an Editor of the Social Security, Pensions & Retirement Income eJournal. The journal is sponsored by the Social Insurance Research Network.

Graduate student Laura Cojocaru has received a $750 travel grant from the University of Delaware Alumni Association. Laura will present her dissertation research on financial development and economic growth in Eastern Europe at the European Economics and Finance Society Conference in London and at the Conference on Privatization and Reform in Stockholm. Both conferences are in June, 2011.

Graduate student Paul Larson has been awarded a UD Teaching Conference Travel Fellowship to attend the Lilly Conference on College and University Teaching in June, 2011. Larson previously won a 2011 University of Delaware Excellence in Teaching Award for Graduate Student Teaching Assistants.

Saul Hoffman presented “Employment Effects of the 2009 Minimum Wage Increase: Evidence from State Comparisons of At-Risk Workers,” Lafayette College, April 29, 2011.

Farley Grubb presented "Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America," at the Third European Congress on World and Global History, London School of Economics, London, UK, April 14-17, 2011.

Graduate student Dmitry Volodin presented “Creativity and Mobility: Evidence from Patenting Data” at the 50th Southern Regional Science Association Meeting, March 23-27, 2011, New Orleans, LA. The article is co-authored with UD Economics Professor William Latham and University of Lyon II Professor Christian Le Bas.

Graduate student Paul Larson has won a University of Delaware Excellence in Teaching Award for Graduate Teaching Assistants for his teaching in ECON151. Two awards are made every year. This is our second recent award for TA excellence- Stela Stefanova won this award in 2008.

David R. Stockman presented “Random Dynamical Systems and Markov Switching in Macroeconomics," at the Spring Topology and Dynamical Systems conference at the University of Texas at Tyler, March 17-19, 2011.

Farley Grubb is teaching a class in the "Economic History of American Monetary Structures to 1913" in the Masters of Finance program at the University Lumiere Lyon 2 in Lyon, France from 13 March through 21 April, 2011. The UD Economics Department and Lyon 2 have a long-standing faculty and student exchange program.

Graduate student Mihaela Solcan has been awarded a UD Dissertation Fellowship for the 2011-2012 academic year.  Mihaela is working on a dissertation in macroeconomics with Prof. David Stockman.

Laurence Seidman and Jeff Miller published “Raise the debt ceiling to avoid a new, even worse recession” in the News-Journal, April 3, 2011. James Butkiewicz published “When it comes to debt, government should follow voters' example”  in the same issue of the News-Journal.

An article by James G. Mulligan and former graduate student Emmanuel Llinares (2003), “Market Segmentation and the Diffusion of Quality-Enhancing Innovations: The Case of Downhill Skiing,” originally published in the Review of Economics and Statistics, has been chosen for inclusion in Recent Developments in the Economics of Sport, edited by Wladimir Andreff.  The volume is part of The International Library of Critical Writings in Economics published by Edward Elgar Publishing Ltd.

Tevfik Aksoy (PhD, 1995) will be the speaker at the Lerner College Graduate Student Convocation, May 27, 2011. Aksoy, who earned the first PhD awarded by the department, is a Managing Director of Morgan Stanley.

Burt Abrams presented “The Political Business Cycle: New Evidence from the Nixon Tapes” (co-authored with James Butkiewicz) at the Public Choice Annual Meeting, San Antonio, TX, March 13, 2011.

Farley Grubb attended the National Bureau of Economic Research Conference on the Development of the American Economy in Cambridge, MA, March 5, 2011.

James Butkiewicz presented “‘Eugene Meyer: From Laissez Faire to the Keynesian Revolution,” at the Eastern Economic Association meetings in New York, February 26, 2011.

Jeffrey Miller and Vera Brusentsev presented “The Educational Value of the College Fed Challenge Competition” at the Eastern Economic Association meetings in New York, February 26, 2011.

Burt Abrams presented an invited lecture to the Financial Policy Council in New York, Thursday, February 24, 2011. Burt spoke on “Wreckonomics: U.S. Fiscal Policy at Work.”

Saul Hoffman published “On deficit reduction, House Republicans are being irrational” in the News Journal, Feb. 23, 2011.

PhD program alum Tevfik Aksoy (1995) was appointed as a Managing Director of Morgan Stanley in February, 2011. He also serves Morgan Stanley as Head of Central and Eastern Europe, Middle East and Africa.

James Butkiewicz was appointed to a Cecil County budget advisory board. The board is charged with helping the county reduce its $160 million annual operating budget.

Farley Grubb attended a conference honoring Gary S. Becker (1992 Nobel Laureate in economics) at the Milton Friedman Institute at the University of Chicago on February 11, 2011. Other invited guests and speakers included George P. Shultz (former secretary of state), Larry Summers (former secretary of the treasury), Vaclav Klaus (president of the Czech Republic), Richard Posner (federal appellate judge), and other well-known economists from Harvard, Stanford, and U. of Chicago. Grubb received his PhD from the University of Chicago in 1984.

K.D. Messer and J. Suter (PIs), Holly Michaels and Josh Duke (co-PIs) have been awarded funding support from the National Science Foundation, Decision, Risk and Management Sciences and Hydrologic Sciences programs and the Social, Behavioral, and Economic Science and the Geosciences Directorates, for “Collaborative Research: An Experimental Economics Investigation of Groundwater Resource Dynamics.”

K.D. Messer and Josh Duke (PIs) have been awarded funding support from the Delaware Department of Agriculture for “Exploring Ways to Ensure the Efficiency and Effectiveness of Delaware's Conservation Efforts.”

James Butkiewicz discussed the possible return to the gold standard on National Public Radio’s All Things Considered, Saturday, November 13, 2010. Read more here.

Farley Grubb presented “The Failure of the Continental Dollar: Design Flaws and the Chaos of Congressional Commitments, 1775-1797,” at Queen’s University, Kingston, Ontario, Canada, October 28, 2010

William Latham participated in the PhD dissertation defense of Mostafa E. Abo ElSoud at Suez Canal University, Egypt, August 26, 2010. Mostafa spent two years at UD in the Economics Department as a Visiting Scholar supported by the Egyptian government. See this wonderful picture of the thesis defense. Latham is on the right and Mostafa is in the center. Second from the left is Prof. Nagwa Khashaba of Suez Canal University, who visited UD in September, 2009.

Bonnie Meszaros, Associate Director of the UD Center for Economic Education and Entrepreneurship, was awarded the Patricia K. Elder International Award at the annual meeting of the National Association of Economic Educators, in Orlando, FL, October, 2010. The award is given for “Extraordinary commitment and dedication to the advancement of international economic education.”

Saul Hoffman published “Tea partiers' critique shows contempt for facts,” in the News Journal, October 14, 2010.

Graduate student Erin Yetter attended the CEE/NAEE/GATE annual conference for Economic Education in Miami, FL October 6-8, 2010. Erin is the first student in the new PhD program in Economic Education.

Laurence Seidman published, “A Congress full of stimulus opponents an alarming prospect,” in the News Journal, October 5, 2010.

Eleanor Craig published “Higher Tax Rate are Bane of Economic Prosperity” in the News Journal, October 3, 2010. She also appeared on WILM radio, October 5, 2010 to discuss the article.

James Butkiewicz, "Governor Eugene Meyer and the Great Contraction," originally published in Research in Economic History, has been selected for inclusion in The Seminal Works of the Great Depression, Edward Elgar Publishing Ltd, October 2011.

Larry Seidman participated in a debate on Cap and Trade at the UD Energy and Sustainability 2010 Conference, September 24. Seidman argued in favor of a carbon tax rather than a Cap and Trade policy for the control of pollutants. Seidman’s side was the official debate winner.

Olga Gorbachev, “Evolution of Consumption Volatility for the Liquidity Constrained Households in the US Over 1983 to 2004,” (joint with Keshav Dogra), Econometric Society World Congress, Shanghai, China, August 17-21, 2010. This paper was also presented by her co-author at the European Economic Association Congress, Glasgow, Scotland, August 24, 2010.

The UD Economic Impact study by Professors William Latham and Ken Lewis, co-directors of the Center for Applied Business and Economic Research was featured in an article on the UD homepage - click here to read the article.

Stacie Beck published “Lowering taxes is the nation's path to prosperity” in the News Journal, September 24, 2010.

James Butkiewicz published “Time to rein in irrational tax codes and total government overspending,” The News Journal, August 29.

Larry Seidman discussed his proposal for the federal deficit on C-SPAN’s Washington Journal, August 21. His proposal had a lengthy mention on the Economix Blog of the NY Times July 8, 2010.

William Poole, Distinguished Scholar in Residence, published “Say Goodbye to Fannie and Freddie” in the NY Times Friday, August 13. He also appeared on the PBS Evening News, Tuesday, August 17 in a discussion of the same issue.

Burt Abrams published “For economy's sake, make Bush tax cuts permanent,” The News Journal, August 17.

Michael Arnold, Associate Professor of Economics, was appointed Director of the University of Delaware Honors Program effective September 1, 2010. Arnold previously served as Associate Chair in the Department of Economics, 2001-2005. Read more about his appointment here.

Former UD Economics graduate student Carol Robbins (Ph.D, 2003) has been selected as Chief of the Regional Analysis and Special Studies Branch, Regional Product Division, U.S. Bureau of Economic Affairs.

Former UD Economics graduate student Hong Yin (PhD, 2007) has published two papers: “Does Stronger Intellectual Property Rights Protection Induce More Bilateral Trade?” World Development and “Intellectual Property Rights Protection and the Surge in FDI in China,” Journal of Comparative Economics. Both papers are co-authored with Titus Awokuse, Professor of Food and Resource Economics. Awokuse has a joint appointment in the Department of Economics.

Burt Abrams was a guest on two recent local radio interview shows. Abrams appeared on WDEL August 18, 2010 and WILM August 25, 2010. Both interviews related to his recent OP-ED piece (August 17) in the News Journal.

Former UD Economics graduate student Stela Stefanova (PhD, 2010) published “An Empirical Study of Broadband Diffusion in Rural America,” Journal of Regulatory Economics, Vol. 38, No.1, pp. 70-85. The article is joint with Victor Glass, her colleague at the National Exchange Carrier Association

Farley Grubb attended the week long conference on the "Development of the American Economy" held at the National Bureau of Economic Research (NBER) in Cambridge, MA July 12-15, 2010.

Farley Grubb chaired Session VII of the Colloquium on Money, Power, & Print: Interdisciplinary Studies of the Financial Revolution in the British Isles, 1688-1776, held at the University of Aberdeen, Scotland, June 16-19, 2010 and sponsored by the University of Regina, Canada, Salem State College, USA, and University of Aberdeen, UK.

Joseph Daniel presented his paper, "Pricing Canadian Airports," at the 2010 Annual Meetings of the Canadian Economic Association in Quebec, May 29, 2010.

Saul Hoffman presented “Family, Work, and Pay: A Century of Change in the Economic Lives of Women (And the People They Live With)” at the University of Delaware Academy of Lifelong Learning All-Stel Conference, Rehoboth Beach, DE, June 4, 2010.

Olga Gorbachev will join the Department of Economics faculty in September, 2010. Prof. Gorbachev received her PhD from Columbia University in 2007 and has been teaching since then at the University of Edinburgh in Scotland. Gorbachev is an applied economist with special interests in macroeconomics. At UD, she will be teaching graduate-level econometrics and Honors Principles Macroeconomics. Her husband, Giorgio Melloni, will also be joining the UD faculty as an Assistant Professor of Italian. We are delighted to have Olga and Giorgio joining the UD community.

Ken Lewis, Chaplin Tyler Professor of Economics, was chosen as the 2010 winner of the Lerner Educator Award, an award given in recognition of a career of outstanding teaching accomplishments. Economics Professors James O’Neill and Dave Black were previous winners of this award. Lewis directed the graduate programs in Economics for 30 years and was instrumental in developing the MA and PhD programs. He is also an outstanding classroom teacher and winner of a University of Delaware Excellence in Teaching Award. We are very proud of Ken and delighted that he has received this special and well-deserved recognition. Read more here about Prof. Lewis’s award.

Bonnie Meszaros received the Distinguished Service Award for the advancement of social studies education at the Delaware Council for Social Studies annual dinner, May 4, 2010.

Burt Abrams has been invited by Shandong Economic University in Shandong, China to be a visiting professor, May 20-June 20. Abrams will teach a graduate class in banking, monetary policy and the current U.S. financial crisis. He has also been invited to guest lecture at Beijing Institute of Technology during his stay.

David R. Stockman presented “Chaotic Sets and Chaos for a Class of Differential Inclusions that Arise in Economic Models," invited seminar, Department of Mathematics, Baylor University, March 29, 2010.

David R. Stockman presented “Chaos and Capacity Utilization under Increasing Returns to Scale," Midwest Macroeconomics Meetings, Michigan State University, May 1, 2010.

Burt Abrams, invited seminar, workshop in Public Economics, Clemson University, “The Political Business Cycle: Evidence from the Nixon Tapes” (co-authored with James Butkiewicz), April 20, 2010. Abrams also gave a lecture on the impact of Chinese economic reforms to an international relations class at Clemson..

William Poole, Lerner College Distinguished Scholar in Residence and former President of the St. Louis Federal Reserve Bank, 1998-2008, presented the 20th annual Hutchinson Lecture in Macroeconomic Policy at the University of Delaware, Thursday, April 8. Poole spoke on “What Have We Learned From the Financial Crisis?” Read more about Poole’s public lecture here.

Farley Grubb, “Creating Maryland’s Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets,” at the International Conference on “The Origins of Paper Money in Theory and Practice,” hosted by the Economics Department of the City University of London, London, UK, April 8-9, 2010.

David R. Stockman presented “Chaotic Sets and Chaos for a Class of Differential Inclusions that Arise in Economic Models" at the American Mathematical Society Meetings in St. Paul, Minnesota, April 10, 2010.

Professor Jeffrey Miller traveled to Sofia, Bulgaria in March to complete the third part of an economics course in the Executive MBA program at the American University of Bulgaria. During his trip he had an interview with the Bulgarian TV station TV7 on the state of the Bulgarian economy. The interview was broadcast in different formats on several occasions the following week. Miller also presented a seminar to faculty and undergraduate students at the American University entitled, "The Financial Crisis in the US (or) The Emperor's New Clothes," and briefed the US embassy in Sofia on the possible impact of the Greek financial crisis on the Bulgarian banking system.

JFDP Visiting Scholar Artak Manukyan, a ranked chess player in his native Armenia, is working actively with the UD Chess Club as coach and mentor. His recent tournament activity with the team was featured on the JFDP webpage. He will host a simultaneous exhibition beginning at 6 p.m., Friday, April 9, in the Kirkwood Room of the Perkins Student Center on Academy Street. Artak will take on all comers in a charity event to benefit the victims of the Haitian and Chilean earthquakes.

Farley Grubb presented his paper,"The Failure of the Continental Dollar: Design Flaws and the Chaos of Congressional Commitments, 1775-1797" at the conference "Questioning Credible Commitment: Re-thinking the Glorious Revolution and the Rise of Financial Capitalism" held at Newnham College, University of Cambridge, Cambridge, UK, March 20-23, 2010. The conference was sponsored and funded by Newnham College, Cambridge Endowment for Research in Finance, and the Centre for Financial History.

David R. Stockman presented “Euler Equation Branching and Chaotic Dynamics,” invited seminar at James Madison University, March 23, 2010.

Stacie Beck and Eleanor Craig published an OP-ED piece, “Direct-buy Health Insurance Works,” in the Wilmington News Journal, March 17, 2010.

Economics graduate student Georgi Spiridonov presented his research paper, “The Effect of Choice Set Formation on Welfare Measures: An Application of Random Utility Models to Beach Recreation in the Mid-Atlantic Region,” at the W2133 Conference: Benefits and Costs of Natural Resource Policies, Feb. 25-26, 2010, Tucson, Arizona. Spiridonov is completing his thesis under the direction of George Parsons, professor of Economics and Marine Studies. Spiridonov’s conference participation was supported by a grant from the UD Graduate Office and the Department of Economics.

Economics graduate student Bogdan Nedanov was awarded a University of Delaware Competitive Fellowship for the 2010-2011 academic year, allowing him to work full-time on completion of his PhD degree. Bogdan has received this award two consecutive years.

A paper by Burt Abrams and George Parsons, “The Uneasy Case for Subsidizing Energy Efficiency,” published by The Milken Institute Review in January, 2010 has been cited in many recent news reports, including USA Today, Fox Business Channel, and ten local newspapers in Ohio and Indiana.

Ken Lewis and Larry Seidman published an OP-ED piece, “Tax Cut May Kick-Start Economy,” in the Wilmington News Journal, March 7, 2010.

Burt Abrams published an OP-ED piece, “United States has a govENRONment,” in the Wilmington News Journal, February 23, 2010.

Farley Grub attended the National Bureau of Economic Research (NBER), “Development of the American Economy Conference,” Cambridge, MA, February 27, 2010.

Eleanor Craig made a presentation on reducing state spending at the Leadership Delaware Forum, February 4, 2010.

Stacie Beck and Eleanor Craig published an Op-Ed piece, “ Why the Stimulus Plan Isn’t Working,” in the Wilmington News Journal, December 16, 2009

Jeffrey Miller, Professor of Economics, has been selected by the U.S. Department of State to implement a $308,000 Title VIII grant program that will fund economics and business research by 12 American scholars on the continuing transition of Eastern Europe and Central Asia to a free-market economy. Miller is partnering with the new UD Institute for Global Studies. Read more about the project here.

Bonnie Meszaros, Asst. Prof. of Economics and Assoc. Director of the Center for Economic Education and Entrepreneurship, has been appoint a Visiting Scholar at the Federal Reserve Bank of Philadelphia for 2010. As part of her responsibilities she will write two papers, one on the status of K-12 personal financial education in the United States and one on the effectiveness of high school personal finance courses.

Eleanor Craig was appointed to the Investment Committee of the SunTrust Bank Delaware Affiliates Board of Directors, November 2009

Farley Grubb presented his paper “The Distribution of Congressional Spending during the American Revolution, 1775-1780: The Problem of Geographic Balance” at the National Maritime Museum, Greenwich, UK conference on the Spending of the States: Fiscal-Military States in the Eighteenth Century, Nov. 6, 2009.

Farley Grubb presented  “Testing for the Economic Impact of the U.S. Constitution: Purchasing Power Parity across the Colonies versus across the States, 1748-1811,” at the C.U.N.Y. Graduate Center, New York City, Oct. 13, 2009.

Farley Grubb presented " The Distribution of Congressional Spending during the American Revolution, 1775-1780 : The Problem of Geographic Balance" at the XVth World Economic History Congress, Utrecht, The Netherlands, August 3 2009.

Farley Grubb attended the Development of the American Economy Conference at the National Bureau of Economic Research, July 6-9, 2009 in Cambridge, MA. 

James Mulligan, "Government Intervention to Prevent Bankruptcy: The U.S. Motion Picture Industry in the 1970s" (with Dan Wedzielewski) presented at the conference, Business Perspectives on the Film and Media Industries, May 29-30 at the DeSantis Center for Motion Picture Industry Studies at Florida Atlantic University.

Peter Schnabl presented "The Effects of Industrial Development on Migration: Evidence from Mexico in the Post-NAFTA Period," at the Pennsylvania Economic Association Annual Conference, June 4-6, 2009.

Saul Hoffman, Prof. of Economics, has been invited to serve a 4th two year term on the Research Advisory Panel of The National Campaign to Prevent Teen and Unplanned Pregnancy.

Kent Messer, Prof. of Economics and Food and Resource Economics, won the Outstanding Journal Article for 2008 award given by the Canadian Agricultural Economics Society for his article "An Experimental Analysis of Modifications to the Centralized Milk Quota Exchange System in Quebec” (with M. Doyon, V. Simard, L.D. Tamini, and H.M. Kaiser) published in the Canadian Journal of Agricultural Economics.

Farley Grubb presented his paper “Land Policy: Founding Choices and Outcomes, 1781-1802,” at the National Bureau of Economic Research Conference—Founding Choices: American Economic Policy in the 1790s—held at Dartmouth University, Hanover, NH, May 8, 2009.

David Stockman presented "Chaos and Sector-Specific Externalities" at the Midwest Economic Theory Conference at the University of Iowa, May 1-3 , 2009.

Graduate Student Arina Matvejeva presented a paper, "Evolution of an Industry Under Alternative Institutional Regimes: A Historical Case Study of the Fyodorov Eye Microsurgery Complex," at the Economic and Business Historical Society conference, Grand Rapids, MI, April 23.

David R. Stockman presented "Expected Utility in Models with Chaos and Backward Dynamics"at the 17th Annual Symposium of the Society for Nonlinear Dynamics and Econometrics at the Federal Reserve Bank of Atlanta, April 15-16,2009. He also chaired a session on macroeconomic theory.

Farley Grubb presented "Creating Maryland's Paper Money Economy,1720-1739 : The Role of Power, Print, and Markets "at the International Conference on Paper Money in Theory and Practice in History at Barnard College, Columbia University, New York City, April 16-19, 2009. He also presented this paper at the annual conference of the American Society for Eighteenth-Century Studies in Richmond, VA, March 26-29, 2009.

Farley Grubb attended the National Bureau of Economic Research Conference on the Development of the American Economy in Cambridge, MA on March 6, 2009.

David Stockman "Expected Utility in Economic Models with Backward Dynamics," Invited Mathematics Colloquium, Department of Mathematics, University of Richmond, January 19, 2009 and Department of Mathematics, Lamar University, February 3, 2009.

Graduate Student Jim Markham presented a paper at the annual Frontiers of Finance Conference held in Ambergris Caye, Belize from December 14-17, 2008.  Markham defended his PhD dissertation in October, 2009. 

Richard Agnello presented "Prices for Paintings by African American Artists" at the Southern Economic Association Meetings, Washington, DC, Nov. 21-23, 2008. He also served as a discussant on a session on Economics of the Arts.

Eleanor Craig moderated and organized the session on "Fiscal Policy & Senior Citizens: Location, Retirement, Homeownership and Pensions." at the National Tax Association Meetings, November, 2008.

Laurence Seidman and Kenneth Lewis, “Practical Problems Confronting a Carbon Tax or Permit Treaty,” National Tax Association Meetings, November, 2008.

Kenneth Lewis and Laurence Seidman , “A Surtax on High-Income Households on the 1040: Consumption vs. Income,” National Tax Association Meetings, November, 2008.

David Stockman, "Basins and SRB Measures for Inverse Limit Spaces," American Mathematical Society Conference, University of Alabama in Huntsville, Huntsville, AL, October 24-26, 2008.

Saul Hoffman participated in a panel session in Chicago, October 23 on "The Real Costs of Teen Motherhood" as part of the Thursday's Child Policy Forum on American's Children and Youth, co-sponsored by the Urban Institute and Chapin Hall, University of Chicago.

Farley Grubb, “The Distribution of Congressional Spending during the American Revolution, 1775-1780: The Problem of Geographic Balance,” at the Conference on the Spending of the States. Military Expenditure during the Long Eighteenth Century: Patterns, Organizations, and Consequences, 1650-1815, sponsored by the Universidad de Las Palmas de Gran Canaria, Spain, Sept. 8-10.

Eleanor Craig has been appointed to the Board of Directors of SunTrust Bank Delaware-Based Affiliates.

David Stockman, "SRB Measures for Inverse Limits," Invited Probability Seminar, Department of Mathematical Sciences, University of Delaware, September 5, 2008.

Graduate students Laura Cojocaru, Leo-Rey Gordon, and Stela Stefanova attended the third Lindau Nobel Laureate Meeting in Economic Sciences in Germany Aug. 20-23. The students were selected by the National Science Foundation to be among the 300 students worldwide to attend this prestigious meeting. Speakers included George Akerlof, Robert Aumann, Clive Granger, Daniel McFadden, John Nash, Edmund Phelps, and Joseph Stiglitz among others. To read the UDaily article on the three students, click here. For more on the Lindau conference, click here.

Bonnie Meszaros served as co-faculty for the National Council on Economic Education’s Training of Writers program in Mexico City from August 13-19.  The program teaches the development of active-learning economic lessons for grades K-12 using a variety of instructional strategies and provides participants with intense writing practice, feedback, and guidance in improving writing skills. 8 US K-12 teachers and 14 university professors or representatives from departments of education from South Africa, Jordan, Indonesia, Egypt, and Paraguay participated.

Graduate student Stela Stefanova, "Complements and Meat Demand in the U.S." at the American Agricultural Economics Association (AAEA) annual meetings July 27-29, 2008, Orlando, FL. The paper is coauthored with Christopher Davis and William Hahn, Economic Research Service, USDA ,and Steven Yen, University of Tennessee. Stefanova also won the First Place award in the AAEA annual poster competition for "Factors Affecting U.S. Cheese Consumption," co-authored with Christopher Davis, Don Blayney, Biing-Hwan Lin, Economic Research Service, USDA.

David Stockman, "Chaos and Differential Inclusions," Invited Seminar, Department of Mathematics, Baylor University, July 25, 2008.

Kent  Messer (with co-authors) “The Effect of New Choices on Consumers’ Perceptions and Willingness-to-Pay for Milk” and “Expiration Dates and Stigma: Why Don’t We Observe Hedonic Markets for Perishable Products?” American Agricultural Economics Association, Orlando, Florida, July 2008; and “An Experimental Analysis of Modifications to the Centralized Milk Quota Exchange System in Quebec.” Northeastern Agricultural and Resource Economics Association, Quebec City, Quebec, June 2008.

William Latham, “Domestic Innovation and Chinese Regional Growth, 1991-2004,” Tinbergen Conference, Amsterdam June, 2008.  

Joe Daniel, "Pricing the Major US Hub Airports" at the 3rd annual Kuhmo-Nectar Conference on Transport and Urban Economics, hosted by the Free University, Amsterdam,  July, 2008.  The paper is joint with former UD grad student Katharine Harback.

Farley Grubb, “Land Policy: Founding Choices and Outcomes, 1781-1803” at the National Bureau of Economic Research, Cambridge, MA, July 10, 2008.

Charles Link, "Multimedia as a Presentation Tool,” UD Summer Faculty IT Institute, June 6, 2008 and with graduate student Katherine McCann, "Dental Care Expenditures and the Probability of Dental Insurance Coverage," 2nd Biennial Conference of the American Society of Health Economists Paper, June 24, 2008.

Jeff Miller and George Irvine have received a grant for $435,600 from the Department of State under Title VIII to support in-country scholarships, evaluation, dissemination and conferences for the topic “Transition in the Emerging Market Economies of the Balkans.”

Jeff Miller received an International Research Award from UD for his project, “Organizing a National System of Higher Education: A comparison of the US and France.”

Farley Grubb, “Creating Maryland’s Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets,” at the 2008 Colloquium on Money, Power & Print: Interdisciplinary Studies of the Financial Revolution in the British Isles, 1688-1776 in St. John’s, Newfoundland, Canada, June 26-28, 2008.Farley Grubb, “The Birth of the Continental Dollar—Monetary Lessons from the Past” at the American Institute for Economic Research, Great Barrington, MA, June 12, 2008.

Graduate student Arina Matvejeva participated in the European School on New Institutional Economics, May 19-23, 2008 in Cargese, France.

David Stockman, "Euler Equation Branching" at the Midwest Macro Meetings at the University of Pennsylvania, May 8-10, 2008.

David Stockman, "Expected Utility in Models with Chaos" at the 8th Annual Missouri Economics Conference sponsored by the Federal Reserve Bank of St. Louis and the Economics Department at the University of Missouri--Columbia in Columbia, MO, March, 2008. He also presented "Euler Equation Branching" at the 16th Annual Symposium of the Society for Nonlinear Dynamics and Econometrics at the Federal Reserve Bank of San Francisco, April 3-4, 2008. He also chaired a session on "Bubbles and Crashes."  

Graduate student Stela Stefanova has been chosen as one of two recipients of the 2008 University of Delaware Excellence in Teaching Award for graduate student Teaching Assistants.

Farley Grubb presented a talk on his book Souls for Sale to the National Society of the Colonial Danes of America in the State of Delaware, Wilmington, DE March 17, 2008.

David Stockman,"Fixed Points Imply Chaos for a Class of Multi-Valued Dynamical Systems" at the Spring Topology and Dynamics Conference, University of Wisconsin-Milwaukee, March 2008.

Farley Grubb participated in the NBER conference on the Development of the American Economy, March 1-2, 2008, in Cambridge, MA.

James O'Neill, Professor of Economics and Director of the Center for Economic Education and Entrepreneurship, received the inaugural First State Savings Star Award February 26, 2008 for "his extraordinary commitment to financial education and independence." The award was given by First State Saves.

Farley Grubb presented a talk on his book Souls for Sale at the Landis Valley Museum, Lancaster, PA, February 16, 2008.

Larry Seidman, Chaplin Tyler Professor, discussed current macroeconomic policy on the ABC Nightly News, January 18, 2008 and on Delaware Tonight (WHYY, Philadelphia) January 21,2008.

Farley Grubb presented “The Continental Dollar: What Happened to it after 1779?” at the annual American Economic Association meetings in New Orleans, Jan. 4, 2008. He also chaired a session on “Technological Innovations and Social Capital: What Mattered When.”

Eleanor Craig was the featured newsmaker on radio station WILM-AM on Dec. 12, 2007. She discussed competition and choice in education in Delaware.

Eleanor Craig organized and moderated a session on “Property Tax Incidence Studies” at the 100th annual meetings of the National Tax Association, November 15th in Columbus, Ohio.

Graduate student Jim Markham co-authored a chapter on "Shareholders" in Corporate Governance, edited by Alexander N. Kostyuk, Udo C. Braendle, and Rodolfo Apreda, and published by Virtus Interpress, Sumy, Ukraine. Markham's co-author is UD Finance Professor Paul Laux.

Saul Hoffman presented "Kids Having Kids Updated: New Estimates of The Economic Consequences of Teen Childbearing for the Mothers" at the 29th annual Research Conference of the Association for Public Policy Analysis and Management, Washington, DC, Nov. 8.  He also participated in a Grant Review Panel for the Population Sciences Committee of NICHD, Nov. 8-9, also in Washington, DC.

James Mulligan presented "Item Pricing Laws, Supplier Behavior, and the Diffusion of Time-saving Technological Innovations," co-authored with former UD graduate student Nilotpal Das, at the 7th Global Conference on Business and Economics, October 12-14 in Rome. The conference was co-sponsored by the International Journal of Business and Economics and the Association for Business and Economics Research. Mulligan also a discussant for a paper, "Modeling the Term Structure of Interest Rates in the Thai Market," by Chalita Promchan of Walailak University.

Vera Brusentsev presented "Unemployment Compensation Recipiency in English-Speaking Countries" at the International Atlantic Economic Conference, Savannah, GA, Oct 7-10.

Graduate student Arek Nowak was a discussant at the Financial Management Association meetings in Orlando, FL, October 18, 2007.  He discussed "Market Design and Execution Cost for Matched Securities Worldwide"by Michael J. Aitken, Rowan M. Cook, Frederick H. deB. Harris and Thomas H. McInish.

Saul Hoffman made a presentation in the UD Research on Women Lecture Series, Oct. 17, 2007.  Hoffman spoke on "The National Costs of Teen Births."

Stacie Beck attended the Salzburg Global Seminar, “Challenges to the International Monetary System: Rebalancing Currencies, Institutions, and Rules,” September 29 – October 3, 2007 in Salzburg, Austria.

Eleanor Craig was the newsmaker guest on WILM's Money and Politics in Delaware show on Sept. 15, 2007. The subject of the interview was public education finances in Delaware and the status of tax exempt financing for school construction projects in charter schools.

David Stockman presented "Expected Utility in Economic Models with Chaos." Invited Seminar, Department of Mathematics, Baylor University, July 16, 2007.

Charles Link presented "Variations in Physician Prescribing Patterns for Statins: A Probit and Multinomial Logit Analysis" at the 6th World Congress on Health Economics held in Copenhagen, Denmark and Lund, Sweden July 8-11, 2007.

Farley Grubb presented “The Continental Dollar—Part 1: How Much was Issued?” at the National Bureau of Economic Research, July 9th, Cambridge, MA.

Graduate student Arina Matvejeva presented "Fyodorov's Radial Keratotomy: Technological Diffusion under Different Institutional Regimes" during the ISNIE (International Society for New Institutional Economics) conference in Reykjavik, Iceland, on June 23rd, 2007.

Farley Grubb was cited in NEWSWEEK, June 25th issue, p. 35, in an article by Robert J. Samuelson, “The Vanishing Greenback.” Grubb has conducted research on the origins of the US monetary system in the colonial period.

David Stockman, "Multi-Valued Dynamical Systems in Economics" at the SIAM Conference on Applications of Dynamical Systems, Snowbird, UT, May 31, 2007.

Farley Grubb, “The Continental Dollar: How Much Was Issued and What Happened to It?” at SUNY-Binghamton, May 4, 2007.

Jorge Soares participated in the Carnegie-Rochester Conference on Public Policy held on April 20 and 21, 2007 at the University of Rochester. He also presented his paper, “Borrowing Constraints, Child Labor and Welfare” at the 2007 Midwest Macroeconomics Meetings hosted by the Research Department of the Federal Reserve Bank of Cleveland on April 27-29, 2007.

Larry Seidman attended the conference "Do We Tax Energy Enough?" at the American Enterprise Institute in Washington DC, March 29, 2007.

David Stockman presented "Expected Utility in Economic Models with Chaos" at the Spring Topology and Dynamics Conference, University of Missouri-Rolla, March 2007.

Richard Agnello presented, “Art Prices and Race: Paintings By African American Artists and Their White Contemporaries” co-authored with Xiaowen Xu (MA 2006) at the Eastern Economics Association Annual Conference, New York City, February, 2007.

Kolver Hernandez presented “Inflation and Output Dynamics with State-Dependent Nominal Rigidities”  at CIDE, Mexico City, Mexico, February 21 and “Relative Price Dynamics and the Aggregate Economy” in the Macroeconomics Seminar of the Federal Reserve Bank of Atlanta, March 1.

David Stockman presented "Expected Utility in Models with Chaos" at Williams College, January 12 and at Villanova University, February 16.

Bill Latham appeared on the Ch.12. Delaware Nightly News to talk about the economic impact of the possible closing of the Newark Chrysler factory, February 6, 2007.

Farley Grubb presented “The Net Worth of the U.S. Federal Government, 1784-1802,” at the annual meeting of the American Economics Association, Chicago, Jan. 5, 2007.

The Federal Reserve Bank of Philadelphia has just published “Benjamin Franklin and the Birth of a Paper Money Economy” by Farley Grubb. Read the whole paper...

Eleanor Craig discussed three papers in the session, “Taxes and Migration,” at the National Tax Association Meetings in Boston, Nov 16, 2006.

Farley Grubb presented a paper “The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton’s Blessing or the Spoils of War?” at the annual meetings of the Southern Economic Association in Charleston, SC, Nov. 18, 2006.

Graduate student, Nasser Yayi, presented a paper, "A Random Utility Model of Recreational Trout Fishing in Delaware," at a special student session of the annual meetings of the Southern Economic Association in Charleston, SC, Nov. 18, 2006.

James O'Neill, Director of the Center for Economic Education and Entrepreneurship, was awarded the John C. Schramm Leadership Award at the annual conference of the National Council on Economic Education, the National Association of Economic Educators and the Global Association of Teachers of Economics. The award recognizes individuals “whose leadership has had an extraordinary positive impact at both the state and national levels."

Saul Hoffman presented a briefing for Congressional aides at the U.S. Capitol Building, Oct. 30, concerning the release of a new report on the National and State Costs of Teen Childbearing.  The report, which he wrote, was issued by the National Campaign to Prevent Teen Pregnancy.

Graduate student Arina Matvejeva presented a paper, "Patent Rights Index in Countries in Transition," at the Thinking and Doing Conference in Boulder, Colorado, Sept. 25-26, 2006.

Farley Grubb presented a paper, “The Net Asset Position of the U.S. Government, 1784-1802: Hamilton’s Blessing or the Spoils of War?” at the XIV International Economic History Congress, Helsinki, Finland, August 25, 2006.  He was also recently appointed to the nominations committee of the Economic History Association for 2006-2007.

Jeffrey Miller spent two weeks in Tbilisi, the Republic of Georgia, in the summer of 2006 teaching in an Open Society-sponsored program for college level teachers from Central Asia and the Caucasus. The participants were engaged in writing monographs on the banking systems in their respective countries for use in classrooms throughout Central Asia and the Caucasus.

Jorge Soares presented his paper “Borrowing Constraints, Parental Altruism and Welfare,” at the 2006 Meetings of the Society for Economic Dynamics, July 6 - 8, 2006 in Vancouver, Canada.

Farley Grubb attended the Summer Institute on the Development of the American Economy at the National Bureau of Economic Research in Cambridge, MA July 9-13, 2006.

Charles Link presented a paper, "Variations in Prescribing Patterns of Statins, Coronary Heart Disease: A Multinomial Analysis of the NAMCS Survey for 1992-200" at the American Society of Health Economists conference in Madison, WI, June 5, 2006.  He also presented a paper, "Variations in Prescribing Patterns of Statins, Coronary Heart Disease, Dyslipidemia, and Diabetes: A Multinomial Analysis of the NAMCS, NHAMCS and MEPS Surveys for 1992-2004" at the European Health Economics Association in Budapest, Hungary, July 9, 2006.

Jorge Soares and Kolver Hernandez both presented papers at the 2006 Midwest Macroeconomics Meetings held May 5-7, 2006 at Washington University in St. Louis, MO. Soares presented “Borrowing Constraints, Parental Altruism and Human Capital Accumulation.” Hernandez presented “State-Dependent Nominal Rigidities and Disinflation Programs in Small Open Economies.”

Graduate students Dan Brown and Katie McCann have been chosen as two of just 50 Economics graduate students in the entire country to attend the 2nd meeting of Nobel Laureates and students in Economics in Germany, August, 2006. Thirteen Nobel Laureates in Economics have already agreed to participate.

Dave Black has been chosen as the 1st winner of the University of Delaware Lerner College Educator Award and Farley Grubb was one of two college faculty chosen for the 1st Lerner College Scholar Award. The Educator Award recognizes outstanding teaching contributions. The Scholar Award recognizes outstanding research accomplishments.

Saul Hoffman was reappointed to a second five-year term on the Research and Effective Programs Taskforce of the National Campaign to Prevent Teen Pregnancy, effective May, 2006.

David Stockman, "Balanced-Budget Rules: Cycles and Complex Dynamics," Invited Seminar, Department of Mathematics at Baylor University, April 28, 2006.

Kolver Hernandez presented “State-Dependent Nominal Rigidities and Disinflation Programs in Small Open Economies,” at Drexel University April 5, 2006 and at the Open Macroeconomics and Development conference organized by CEDERS at Aix-en-Provence, France. At the same conference he was a discussant of the paper “Inter-Temporal Adjustment and Fiscal Policy in a Fixed Exchange Rate Regime” by G. Nancy, M. Aloy and B. Moreno.

Larry Seidman, Chaplin Tyler Professor of Economics, presented the annual Hutchinson Lecture at the University of Delaware ,April 19, 2006. The Hutchinson Lecture honors former UD Economics professor Harry Hutchinson and features a talk by a prominent macroeconomist. Seidman is the first UD professor to give the Hutchinson lecture. His Hutchinson talk was "Bernanke and the Fed: Predicting What He Will Do From What He Has Written."

Jorge Soares presented an invited talk at Indiana University on “Borrowing Constraints, Parental Altruism and Human Capital Accumulation,” April 6, 2006.

Farley Grubb presented a talk on “Benjamin Franklin and the Birth of a Paper Money Economy,” at the Federal Reserve Bank of Philadelphia, March 30, 2006. The talk was part of the Franklin 300th birthday celebration events. 

Farley Grubb presented his paper “The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton’s Blessing or the Spoils of War?” at the Program Meeting of the Development of the American Economy Group at the National Bureau of Economic Research, Cambridge, MA, March 4, 2006.

Farley Grubb presented an invited talk at the University of Pennsylvania on “Population Dynamics, Income Growth, and Education: Historic Trends in the U.S. Economy,” February 24, 2006.

The Lerner College is home to a state-of-the-art financial trading facility, the $1.4 million student-led Blue Hen Investment Fund, a student-managed restaurant and hotel, a high-technology development center of a global bank and a start-up experience for students with new business ideas.

Lerner College faculty - like Anu Sivaraman, who is among Social Media Marketing Magazine’s “Top 100 Marketing Professors on Twitter” and MBAprograms.org’s “Top 50 Marketing Professors on Twitter” - are thought leaders who command attention from influential business audiences, economists and policy makers.

All Lerner College departments offer experience-driven learning and emphasize evidence-based analytics methods to enrich the student experience. Here, finance students visit New York City’s financial districts for a first-hand look at markets trading and to meet with UD alumni.

Charles W. Horn, AS75, and wife Patricia, recently made a $3 million commitment to enhance and expand entrepreneurial studies.

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