chair's message .. department plans · i _ departmentof economics_alumni 1. vol. 11. college...

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. .. ...... . I Departmentof Economics_Alumni 1 . Vol. 11 . College of Arts. and Sciences jMumni Association .; ,, Fall 1990 Chair's Message Department plans gain momentum My report to you this year emphasizes creased publication activity of our fac- Walker, are at W0l"l< Oh Te_VamPlh8 Te‘ the many changes taking place in the ulty. These articles show substantial im- quirementsfel” theEe0I10II\1CSma]0fah<l department. Weareworkingtoimprove provement in the department’ s stand- restrllehlring the_underg_raduate cur- ourresearchproductivity,modifyingthe ing in several areas, including fiscal !'iC11l11m- ChangeS1nthe_Se1H1;_>0rtantar- requirements and the curriculum of the theory and policy, national public ance, eaS require Careful C0h$1<Ile1'at10h by the undergraduate program to enhance the urban economics, regional economics, faculty, but We h0Pe t0 have a large Part education of our students, spending an domestic monetary theory, and theo- Of the W0fl< Cempleted duling this aea' active year on recruiting new faculty, retical and applied econometrics. You demic year. Changes include more de- and promoting a stimulating environ- might wish to read the articles them- mandingpremajor requirements and an ment for our faculty and graduate stu- selves to get moredetails.Theyappeared attempt to provide smaller classes to dents through an active workshop pro- in the Iune 1990 Atlantic Economic ]0ur- improve the quality of the ma)or and gramandaievivedworkingpapersseiies. nal, Iune 1990 Econometric Theory, and iI\CreaSe the Sastaetleh faculty Obtalh Three recent studies based on page Summer1990 Growth and Change. from undergraduate teaching. counts in leading economics journals Acommittee of the faculty, headed by We need t0 ihefease the Size Of 011? document in an objective way the in- Professors Thomas Kniesner and James faculty, depleted last year by George Stolnitz’s retirement and some unantici- pated resignations, so 1990-91 will see , , , , an active recruiting year. The market for Stolmtz:A lifetime of accomplishment econor-iists is ght, but we are striving to add faculty members in several elds, George Stolnitz was distinguished economists and demog- Choosing from the best candidates avail- bom in New York raphers as Oskar Morgenstem, Frank able in maere theory, planning and de" Cityin1920. He was Graham, Friedrich Lutz, and Frank velopment, econometrics, and money a wunderkind who Notestein. Stolnitz also worked as a re— and monetary the0ry- Cemmlttee have eamed hisBA degree search associate at Princeton's Ofce of been fermed fer eaeh Of these areas and (Phi Beta Kappa) Population Research and Econometric (continued on page 2) fromthe City College Research Institute. In 1952, he eamed his of New York at the PhD, and he was appointed assistant age of 19. As a senior professor at Princeton in 1953, where he IU ECONQMICS and serving as a municipal intem, he taught classes in intemational trade, wrote a paper on public-utility control comparative systems, and population. ALUMNI PARTY that foreshadowed his later work as a I-Iis thesis, ”LifeTables for Limited Data: consultant on cost of capital issues in util- A Demographic Approach,” was pub- et the AEA Meelmgs ity-rate cases He then went to the U.S. lished in 1956 by Princeton's Office of lh Washlhgteh, D-C Census Bureau, where he worked as a Population Research. That same year, Friday, Decembel-28,1990 statistical analyst on the 1940 census be- he came to Bloomington as an associate 5:307:30 p_m_ fore winning a Millbank Fellowship for professor and began his long and fruit- Washington Hilton & Towers graduate work at Princeton. Stolmtz re— ful career at Indiana University. ceivedhisMA fromPiincetonin1942and Stolnitz has done too much since The Mal’ Room thenservedintheUS.AirForoeuntil1946. coming to Indiana University 34 years ALL ARE WELCQME He then went on to study mathemat- ago for me to recognize all of his G t f 1 t ics and statistics under Abraham Wald achievements within the confines of this tee ormer C assma es at Columbia in 1946 and 1947. Upon his brief newsletter. Nevertheless, three and faCl1llY retum to Princeton, he studied with such (continued on page 2)

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Page 1: Chair's Message .. Department plans · I _ Departmentof Economics_Alumni 1. Vol. 11. College ofArts.and SciencesjMumniAssociation.;,, Fall 1990 Chair's Message Department plans gain

. .. ......

‘ . I _ Departmentof Economics_Alumni 1 .

Vol. 11 . College of Arts. and Sciences jMumni Association .; ,, Fall 1990

Chair's Message

Department plans gain momentumMy report to you this year emphasizes creased publication activity of our fac- Walker, are at W0l"l< Oh Te_VamPlh8 Te‘the many changes taking place in the ulty. These articles show substantial im- quirementsfel” theEe0I10II\1CSma]0fah<ldepartment. Weareworkingtoimprove provement in the department’s stand- restrllehlring the_underg_raduate cur-ourresearchproductivity,modifyingthe ing in several areas, including fiscal !'iC11l11m- ChangeS1nthe_Se1H1;_>0rtantar-requirements and the curriculum of the theory and policy, national public ance, eaS require Careful C0h$1<Ile1'at10h by theundergraduate program to enhance the urban economics, regional economics, faculty, but We h0Pe t0 have a large Parteducation of our students, spending an domestic monetary theory, and theo- Of the W0fl< Cempleted duling this aea'active year on recruiting new faculty, retical and applied econometrics. You demic year. Changes include more de-and promoting a stimulating environ- might wish to read the articles them- mandingpremajor requirements and anment for our faculty and graduate stu- selves to get moredetails.Theyappeared attempt to provide smaller classes todents through an active workshop pro- in the Iune 1990 Atlantic Economic ]0ur- improve the quality of the ma)or andgramandaievivedworkingpapersseiies. nal, Iune 1990 Econometric Theory, and iI\CreaSe the Sastaetleh faculty Obtalh

Three recent studies based on page Summer1990 Growth and Change. from undergraduate teaching.counts in leading economics journals Acommittee of the faculty, headed by We need t0 ihefease the Size Of 011?

document in an objective way the in- Professors Thomas Kniesner and James faculty, depleted last year by GeorgeStolnitz’s retirement and some unantici-pated resignations, so 1990-91 will see

, , , , an active recruiting year. The market forStolmtz:A lifetime ofaccomplishment econor-iists is ght, but we are striving

to add faculty members in several elds,George Stolnitz was distinguished economists and demog- Choosing from the best candidates avail-bom in New York raphers as Oskar Morgenstem, Frank able in maere theory, planning and de"Cityin1920. He was Graham, Friedrich Lutz, and Frank velopment, econometrics, and moneya wunderkind who Notestein. Stolnitz also worked as a re— and monetary the0ry- Cemmlttee haveeamed hisBAdegree search associate at Princeton's Ofce of been fermed fer eaeh Of these areas and(Phi Beta Kappa) Population Research and Econometric (continued on page 2)fromthe CityCollege Research Institute. In 1952, he eamed hisof New York at the PhD, and he was appointed assistantage of 19. As a senior professor at Princeton in 1953, where he IU ECONQMICS

and serving as a municipal intem, he taught classes in intemational trade,wrote a paper on public-utility control comparative systems, and population. ALUMNI PARTYthat foreshadowed his later work as a I-Iis thesis, ”LifeTables forLimited Data:consultant on cost of capital issues in util- A Demographic Approach,” was pub- et the AEA Meelmgsity-rate cases He then went to the U.S. lished in 1956 by Princeton's Office of lh Washlhgteh, D-CCensus Bureau, where he worked as a Population Research. That same year, Friday, Decembel-28,1990statistical analyst on the 1940 census be- he came to Bloomington as an associate 5:307:30 p_m_fore winning a Millbank Fellowship for professor and began his long and fruit- Washington Hilton & Towersgraduate work at Princeton. Stolmtz re— ful career at Indiana University.ceivedhisMA fromPiincetonin1942and Stolnitz has done too much since The Mal’ RoomthenservedintheUS.AirForoeuntil1946. coming to Indiana University 34 years ALL ARE WELCQME

He then went on to study mathemat- ago for me to recognize all of his G t f 1 tics and statistics under Abraham Wald achievements within the confines of this tee ormer C assma esat Columbia in 1946 and 1947. Upon his brief newsletter. Nevertheless, three and faCl1llYretum to Princeton, he studied with such (continued on page 2)

Page 2: Chair's Message .. Department plans · I _ Departmentof Economics_Alumni 1. Vol. 11. College ofArts.and SciencesjMumniAssociation.;,, Fall 1990 Chair's Message Department plans gain

(Continued from page 1) succession ofVenezuelan students, some fashionable or tractable topics merit spe-of whom have gone on to distinguished cial recognition.

v v ublic service, academic, and business Cam us ex ansion, s ia ization,gamers in their home country. He has and the? pressiiire of larggeriumbers Ofalso been director of the University’s students have meant that we now know

main themes ean be diseerned in International Development Research less about our colleagues than we used5tolnitZ's Career, even it they Cannot en" Center (1966-72) when it was a prolic to. It is therefore a particular honor to beeornlsass the tull range oi his Wori<- one source of social-science research pub- able to write something of the many con-i§i1iSPi0neeri1\si1"eSear¢1\andtea¢1\ine- lished by theIUPressand, more recently, tnbutions that George Stolnitz has madeHe gained international reeognition tor has been directing the University’s to his profession and to his University.artieles on mortality Comparisons pub‘ Population Institute for Research and —Pr1ul W- Kulnlffslished in the mid-1950s. These articles TI-ajning_[n1983,he5e1-vgdaspregidentgfrst explained mortality deeline in poor the Population Association of America. Editor's note: Paul W. Kuznets, guestCountries as a eonsequenee of medieal The third theme of Stolnitz’s career has writer for The Trend Line, is professor ofand Puhlie health measures rather than been the broad gauge and significance wonomics and a faculty member at Ill sinceas a result oi eeonornie deVeloPlnent- in of the subjects he has studied and taught. 1964. He is a development economist, spe-l965 and 1967, Whilea 1e$earChfell0W at Besides teaching graduate statistics cializing in the economic development ofResources tor the Future in Washington, courses, he has often taught micro- South Korea and other East Asian countries.he was the first to adaPt Soeial Seeurity economic theory, and, in the 1980s, he Kuznets and George Stolnitz have been

tirne series to traee the interregional and branched out with a graduate develop- jointly responsible in recent years for the

interindustrY movementoiWorkers over ment course and new courses on popu- department's graduate-level coursework intime in his teaching at lndiana i-lniver- lation change and development and on economic development.sity,5tolnitZ has notonlybeenamainstay intemational perspectives on population Former students will be relieved to knowin the Eeonornies Department’s advaneed problems. He has written articles on ur- that George Stolnitz underwent successfulstatisties Courses, but he also introdueed ban human resources, European demo- bypass surgery in April and seems to havethe dePartinent’siirst ooursesineeonomie graphic trends, U.S. immigration, more energy than ever. Although he has nowdevelopment, mathematieal eeonomies, manpower mobility and earnings in oicially ”retired” from the Economics de-eeonornetries,andeeonon‘liedemography- Indiana, fertility, mortality, and world partment, he intends to remain active in the

A seeond theme, eharaeteristie of population. In each case, the topic is administration of the ILI Population Insti-5tolnitZ's Career at Indiana, has been the signicant for its influence on the health tute for Research and Training and to con-unusual number and diversity or his or economic welfare of millions and tinue his rmearch in population issues foraProtessionaiaetivitiesi'ieWonaNational even billions of people. At a time when number of LI.S. governmental and UnitedSeienee Foundation Postdoetoral tel" narrow specialization and careerism is Nations agencies. S tolnitz and his wife,lowshiP to studY inathernatieal eeo‘ too often the order of the day among Moniquealraldyhaveabusyscheduleoftravelnomies in l959*6o atYale University and university faculties, Stolnitz’s ability to this fall, combining business with pleasure inWas awarded a Visiting sehoiarship in combine economics and demography trips to Switzerland and Iapan, and visiting1987-88 to pursue h1S researeh at the and his interest in important rather than George's children and grandchildren.Population Reference Bureau in Wash-ington, D.C. He has lectured inDubrovnik in 1987, Moscow in 1978, andBrazil and Ierusalem in 197(l, was a (Continued from page 1)visiting professor at Kiel Umversity andthe Institut fur Weltwirtschaft in 1963. . . .Hehasbeenac0nsultantf0rtheNational Chair S€€S gain III I'I1OIIl€Iltl1II1Academy of Sciences, Wabash ValleyPower Assoeiation, the Eeonornie com- we expect to have several candidates visit- Not all our efforts as a department aremission for Europe, the Whirlpool Cor- ing the department in fall and whiter. of a professional nature: we have estab-poration, the U-5- Census Bureau, De- The workingenvironmentforour fac- lished our own system of paper andpartments oi Detense,5tate,CoInIneree, ulty and students has been improved metal recycling on the ninth floor ofand Energy, the U-5- Agency for lnter- with the acquisition of two new offices Ballantine, and lam proud to report thatnational Development, and the Arneri- and some new office furniture and com- the department received a campusawardean Pllblie Health Assoeiation, among puter equipment. Our workshops in for generosity in contributing to theothers. In the academic year 1970-71 microeconomics, macroeconomics, United Way Drivein1989.alone, he served on rnore than a dozen econometrics, planned economies, and Speaking of contributions and gener-C0rnmitteeS that dealt With topies rang- economic history are attended by inter- osity, I want to thank all of you whoing from lU'$ Latin Alneriean Studies ested faculty and graduate students ona contributed to the Economics Enrich-Program to the 1970 eensils tapes to weekly basis, and we will again have ment Fund and the department's vari-Indiana'sinternational trade. At thesame many workshop presentations by dis- ous scholarship funds last year. We de-time, he also Served as a reader for Ford tinguished economists from other insti- pend on your contributions in manyand ROCl<efeller grants and a reviewer tutions this year. In cooperation with important ways, and we are working, asfor OECD publications and the IUPress. Professor Jeffery Green and the Center you can see, to merit your continuedFrom 1952 to i966, he directed an IU- for Econometric Modeling Research, support this year and in the years toCatholic University Of Venezuela eC0- Professor Pravin Trivedi heads the come. I look forward to seeing many ofnolnies training and researeh program, newly-revived workingpapers series for you at the alumni reception planned forsponsored by the Ford F011ndatiOn; he the department. There are already more Washington, D.C., in December.initiated the graduate training here of a than 30 papers available in the series. —Phillip Saunders

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Page 3: Chair's Message .. Department plans · I _ Departmentof Economics_Alumni 1. Vol. 11. College ofArts.and SciencesjMumniAssociation.;,, Fall 1990 Chair's Message Department plans gain

Interest in East European events heightens Two promotedSeveral members of the Economics de- away frgm one-party political systems, Arlington Williams and John D. (lay)Partment taellltyl 810118 Wlth Fouoaguos economists are intently following the Wilson have been promoted to fu11pro-m the College ef_ Arie and Seleiieee and enactment of traumatic. but inevitable fessor. Williams, who joined the IU fac-tho _Sohoo1 otBusutossrato WatohthgWtth eC0110II\iC 1'et0I'm5 that Will Create 3 free ulty in 1979, conducts research in ex-exdtement as trerhend°"$ ehanges uh‘ market e¢0n0niy- As these Countries perimental economics, a field thatfold the countries of Eastem Europe. Struggle with the Changes, our depai~t- analyzes the empirical validity of thee,The Wthus of Chah_8e” bogah several mental experts find themselves in high i-etieal models by observing human be-Yosts ago th the Sfovlet Uhloh Wlth the demand from the media for comments havior in a laboratory setting Williams,Pohotos otpetestrotka ahdStasnestr on the current situation; they also are along with his eolleague james M,have resulted in the sudden availability active in woildng with experts in these waikerlhes reeeived Substantial fundingot much more thtonhsttoh tot East Eu‘ C011Iitl'ieS t0 feilitte Ch8I\ge- In 1939-90, for his work from the National ScienceroPoah scholars Campbell attended several conferences Foundation

DePartmehta1 eXPert5 Distinguished with Soviet economists and officials Wilson joined the faenlty in 1935, I-[isProfessor Robert w- CamP_be_u' Ptotes‘ discussing the 1'et0l‘m$- P8111 Mare!) 3 major eld of interest is public nance.sor Roy I. Gardner, and Distinguished fQ1'[nerfaCt1llIyITl€lT1b€I'tnECOnOnuCSand Within that eld he has written on theProfessor EthentusNtcotas Sputbet have how sh IU busthoss Professor, is ii optimal income tax, cost—benefit analysisall b€€l'1 8Cl’lV€ m the study Of Eastem member of 3 Qonunjssjon Charged with Ofhighwaymvesmienti property tax, andEur_oPo tor Th-3hY Yeats thdoodr thutsha designing and implementing eeehemie intergovernmental fiscal relations. InUhtvetStty_wa_S oh_e ot the htst Amehcah reterm lh Hungary - Gardner and 5Pt11ber 1989, Wilson was appointed to the boardaoaueuuo thstttuttohsto Promote such have several publications that deal with of editors of the American Economic Re.

Study‘ Th,eh'tU ptttstdeht Hethtah B the East EuroPoah sttuauoh- view and is an associate editor of theWells, MA 27,established thebeginnings Of the many changes taking place, Ioumaloflntemational Economicaof Slavic language and area studies at IU Campbell says, "ln the Soviet Union, adurié; Vgor1dd1V1t;ar H-thAddtt1'0hat re‘ decision to move resolutely toward 1soar sh tea t 8 in ese areas were marketization and rivatization hasadded after the war, and the Russian lagged behind the egnise most of the W asln to Consu tand East European Institute was fomwally Smaller Countries have taken But by the in Indonesiaestahhshed th 19_58- CdmPbeh served {is end of summer 1990, the Soviet Union,the thstttutels thtootot ttoth t9o3‘o7{ th t00,i$ ready fer revolutionary change ih David E. Wildasin, professor of eco-1971' and sgaht troth 198ft‘36- During economic institutions. The next several nomics, ieeeived an invitation last win-tt‘°?° yeatS.'Campbt.tn “(as mfttumental Years Wut be 3 tasothstthg but troubled ter to participate in the Midwest Uni-th thcteasthg the thstttttte tevet ot time-” versities Consortium for Intemationalmdms through giants received from We in the Department of Economics Activities (MUCIA) Second HigherOutstde the Umvetst_ty' , are Proud that our tsoutt)’ are tskthg Education ProjectinIndonesia.Wildasin

Now that the Berhh Wall _15 down and prominent roles in this event, one of the Spent five weeks this summer at Gadjatotthetty Sovtet'tYPe sootettes move m0$t impertht in this century Mada University in Yogyakarta on the

island of Iava.While in Indonesia, Wildasin gave a

e ~ series of lectures at Gad’ Mada Univer-Seniors name Walker outstandmg teacher sity 0,, varigus aspeqfs 2,‘; public nanceand scal federalism. He also advised

James M. Walker, associate professor, faculty since 1984. He served as a visit- economists at the university on the pos-was selected as one of ve recipients of ing faculty member in 1982-83. His spe- sible establishment of a center for re-the 1990 Student Choice Awards of the cial eld of interest in research is ex- search on regional public nance issuesStudent Alumni Council. Nominations perimental economics (see article in Fall in Indonesia. There is increasing interestfor these awards are solicited from se- 1986 Trend Line), and he, along with col- in Indonesia in the possibility of decen-nior students from all IU schools located league Arlington Williams, has received tralizing govemmental functions due toon the Bloomington campus. Theawards significant funding from the National the uneven level of economic develop-are given to faculty "in recognition of Science Foundation for his research. ment in different regions.their all around outstanding perfor- Walker serves as coordinator for the in— Before consulting in Indonesia,mance in teaching students while mak- troductory courses in microeconomics Wildasin spent a month as a researching significant contributions to Indiana (E201) and macroeconomics (E202), su- fellow at the University of Bonn in WestUniversity." pervising associate instructors who teach Gemiany. He gave several invited pa-

The honorees for teaching excellence these courses and determining general pers at the University of Bonn, Univer-were announced at the annual Senior course procedures for the department. sity of Dortmund, Tilburg University,Recognition banquet heldinApril.Oth- and the University of Mannheim.ers honored at the event included Elvis]. Edito/s Note:Two other economics faculty Wildasin also presented papers at con-Stahr Award recipients and senior stii- members have been honored by the ferenoes on "The Fiscal Implications ofdent leaders. Among students receiving Bloomington campus seniors. Fred Witnzy, an Aging Population," sponsored by thehonors were two seniors in economics, professor emeritus, received Student Alumni International Seminar on Public Eco-Julie Lingle and SherryMoore, who were Councilawards in 1979and 1985,and Phillip nomics, and ”The Political Economy ofnamed Stahr Award winners. Saunders, currently profasor and chair, re— Public Debt,” sponsored by De

Walker has been a member of the IU ceived the award in 1974. Nederlansche Bank.

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Page 4: Chair's Message .. Department plans · I _ Departmentof Economics_Alumni 1. Vol. 11. College ofArts.and SciencesjMumniAssociation.;,, Fall 1990 Chair's Message Department plans gain

Retired Spulber stays active Visitors vffibuteFormer students of Distinguished Pro- that the book "lls a ia1'8_e 8aP”in the to teachingiesser Ernerinis Nieeias 5Piiiber Wiii be body of reeent eeonomle history‘ With increasing numbers of majors andPieased» but Pr°babiY nei siii'PrisedI ie some ‘“°“ii‘.S ag$"sP“ii’e’ eomibleted larger enrollments, the Economics de-leam that he continues to be as active in anew mB1“1senPi iiiied Restructuring the partment is again dependent on helpreseareh new as he was berere his ere‘ Soviet beonemi/:1" Search efthe M“’.""" e from several visitors in the 1990-91iiremeni” in 1980- Spuiber is a familiar book of timely ’eieY”“°f‘-‘ that be academic year. Franz Gehrels, adjunctgure in the naiis ei Baiianiinei eeining published byTheUmvers1tyofMleibgan professor, is teaching intermediateid his eiiiee en a daii)’ basis as he did ier Press‘ He reports severe] °ii‘eF books are microeconomics and intermediateneariY 30 Years as a member of the now Hm ‘he “’°‘.i‘s"' meludmg one lb macroeconomics in the fall term.department's teaching staff. collaboration with Asghar Sabbagi, Gehrels is no stranger to the deparb

one signirieani rneasure Oi Slsiiiberis PhD,e1' a faeulty member .et the. IU ment, having been a faculty memberwork in recent years is the steady output 501131 Bend campus. In addition to time from 1 955_1980_ After accepting a

or Piibiished works’ reiieeiing his re‘ spent ob his '.°Se‘“.°i" Spulber spends named chair professorship at the Uni-searen in i988’ the indiana UniVersiiY mueh bbbe with he eoneegbee in the versity of Munich in Germany, he hasPress Pnbiisned M‘i"‘i8i"8 the Ameiiran E°°¥‘°‘“‘°s oeparimebh sharing. ideas’ maintained close ties with IU.15Conomy‘fr0mR005eve1¢¢0R@agan,hi513th pro]ects, and experiences. His col- Ani1K_ Bera Visiting associate prOfeS_book In a review of the book in the leagues hope to have the advantage Oi sor is teachingdoctoral level economet-Ieurriai of Economic History’ James his Pe‘s°“ai and professional eonteet rics in the fall term. Bera is a facultyBradford .de Long’ Oi Harvard! siaied for a long time to eome' member at the University of lllinois in

Urbana. He received his PhD in 1983

from the Australian National Univer-IU Well represented at World Congress sity. Bera won a number of academicawards as a student, has received sev-

Six IU faculty members and a visiting faculty member in the Economics department eral research grants, and has held a va-were invited to present papers at the sixth World Congress of the Econometric riety of professional positions.Society in Barcelona, Spain, on August 22 to 28. Chosen to participate in the Daniel ]_ Duesterberg and Charlesprestigious conference, which is composed of economists from more than 40 Haley, both doctoral candidates in thecountries, were Professors Robert A. Becker, Roy]. Gardner, Thomas]. Kniesner, Economics department, will teach forDavid E. Wildasin, and Iohn D. Wilson; Assistant Professor Miguel Delgado; the departrnent for the full academicand Visiting Associate Professor Anil K. Bera. The IU economists were among year, Due5tefberg,aVi5ingle¢h1rer whothose chosen from more than 1,500 applicants to attend the conference, which has been toaohing at DePaiiw Univer-convenes only once every five years sityin Greencastle, will teach money and

banking, intemational economics, andintermediate macroeconomics during

Kentucky looks to ILIfor speakers the year Haley. a part-time visiting lec-turer, will teach introduction to

In 1987, Indiana University’s Distinguished Professor Emeritus H. Scott Gordon, mCr0eC0nOmiC$ in b0fh terms-was the Distinguished Speaker for the annual meeting of the Kentucky EconomicsAssociation. This ear Indiana's Professor William E. Becker received the award: hisaddress was given, in Lexington on the economics of higher education. This topic is Season Successful foralso the sub‘ t of a forthcoming book (Kluwer, 1991) that he is editin with Darrell ' ° 'Lewis, of th]:eUniversity of Minnesota. On sabbatical leave this fall, gecker left for EcononustsIndonesia with his family, following his Kentucky presentation on September 14. The 1990 softball Season saw theBecker will be assessing the curricula at five Indonesian universities as part of Iugcon pighng Economists, a teamthe Midwest Universities Consortium for Intemational Activities Second Higher made up mostly of graduate Students,Ediieaiien Preleer once again battling in the faculty and

staff softball league. The team wept 16-8. , overall and finished in second p ace in

Conference organized by Becker, Wilson the league. The department's coed anball team won the league title for the

For the second time since 1983, the Economics department and its faculty served second year in a row. In basketball, theas hosts and organizers for a conference of the Midwest Intemational Economics Fighting Economists overcame their lackAssociation and the Midwest Mathematical Economics Association. Professors of height with some scrappy defenseRobert W. Becker and John D. Wilson cochaired the May event, which featured the and nifty shooting to nish 2-4. Ourpresentation of papers by participants from nearly 40 institutions in the Midwest bowling team had a 6-0 regular seasonand elsewhere record, and the soccer team advanced to

Meetings were held in Ballantine Hall, with housing and social events in the the third round of the spring campusIndiana Memorial Union. Several Economics department faculty chaired meet- soccer toumament. Despite such success,ing sessions or served as discussants, including Becker, Wilson, Rodrigo Peruga, however, no faculty member is yet will-Satya Das, Roy Gardner, David Wildasin, and Clarence Morrison. One conference ing to play on the graduate students’participant was John H. Boyd HI, PhD’86, a member of the economics faculty at the intramural football team, which is 10-1University of Rochester. over the last 2 years.

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Page 5: Chair's Message .. Department plans · I _ Departmentof Economics_Alumni 1. Vol. 11. College ofArts.and SciencesjMumniAssociation.;,, Fall 1990 Chair's Message Department plans gain

d Photos by Annalese Poonnan

Last summer, the economics depart-ment installed a new plaque bearingthe names of Iames Moffat Awardwinners for outstanding seniors ineconomics. Because the plaque hasbeen admired by many people duringthe year, the department commissionedthis summer additional walnut plaqueswith engraved brass name plates forwinners of the Carroll L. ChristensonAward, the Taulman A. Miller Award,and the Henry M. Oliver Award. All ofthese awards are announced each yearat the annual Spring Awards Party.We invite all award winners, and otherinterested persons, to inspect thesehandsome additions to the decor ofthe economics department.

Winners of the Moffat Book Award for Seniors in Economics , inaugurated at the April1990 Spring Awards party,were, from left, Matthew C. Farrelly, Karen Freeman, andIohn Abegg.

Lori A. Bird, a junior in economics, was _ , _

¢aw,'aaerafthe199g Qam,11L_ Christenson Winners of the 199Q Iames Moffat Award for best seniors in economics are SherryAward in Ecanamim Qawiane,» Blair 1_)_ Moore, left, and Iulie Lingle. Both women also received the Elvis I. Stahr Awards.McKee, BA'9(), who works in banking in Winners of the all-campus award for outstanding seniors are announced at FoundersChiCag0,i5 not ;a'c¢area_ 1)aviaR_ gahmiatl Day ceremonies. Moore, who also won_ the 1989 Stadelmann Scholarship in Economics,a 1939graaaa¢eaf11_1was named winner plans to attend Yale Law _School. Lingle has ]oined the staff of the ILI Center forof the Honors Thais Award in Economics Phllanthropy 1" I"d"1'"1P°h5-for 1989. Schmidt is a doctoral candidate ~

in economics at California Institute ofTechnology.

Right: Graduate economics students re-ceiving awards at the 1990 Spring Awardsparty included, from left, Shiferaw Gurmu,who received both the Henry OliverAwardfor best graduate student in economictheory and the Taulman Miller Award forbest international student; Iames Palmieri,who received the Mark Kloc Book Awardfor best student in economic development;and Ram Shivakumar, who received theAlice French Teaching Award in Eco-nomics. All three students are teaching forthe Economics department this fall. i

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Page 6: Chair's Message .. Department plans · I _ Departmentof Economics_Alumni 1. Vol. 11. College ofArts.and SciencesjMumniAssociation.;,, Fall 1990 Chair's Message Department plans gain

Mark A. Grabowski, BA’89, sales Wheaton, Ill.manager of Hilton Suites in Oakbrook JamesL.Charpentier,BA'90,entered St.

Terrace, lll., has been accepted by the Louis University Law SchoolinAugust.Before 1970 University of Chicago Law School. Christine A. Manske, BA’90, is a sys-

Robert L. Bish, PhD'68, was in Stuart L. Harshbarger, BA’85, has tems analyst for Arthur Anderson inBloomington in September to give a pa- taken a position as market economist Chicago.per at the Workshop in Political Theory with the Washington, D.C., Gas Light Marwan Abdul-Majid Naja, BA’90,and Policy Analysis. He is professor of Company. He is working on a PhD in entered the MBA program at the Amospublic administration at the University economics at George Washington Uni- Tuck School of Business, Dartmouthof Victoria, British Columbia. versity, where he received the MA de- College, this fall.

James B. McWethy, MA'67, is vice- gree in 1988. Michael L. Niemeyer, BA’90, beganpresident-principal of the Berry Bearing David R.Henderson,BA’85, works for work in June as a management traineeCo., Downers Grove, Ill., the largest pri- the Florida Department of Transporta- for Fifth Third Bank in Cincinnati.vatelyowned distributorofbearings and tion and is pursuing a master’s degree in Jeffrey T. Rubenstein, BA’90, startedrelated products in the world. urban and regional planning at the Uni- work in June as a nancial analyst with

Paul M. Schwab, MA’66, was a recent versity of Miami. Anixter Brothers, Inc., a wire and cablerecipient of the Meritorious Presidential Jeffrey G. Jackson, BA’88, a student products distributor, Skokie, Ill.Rank Award. He presently is acting di- at the School of Law—-Indianapolis, has Bradley F. Rukstales, BA’90, is a sta-rector of Bureau of Health Professions, been awarded a John H. Edwards Fel- tistical analyst for Krumm and Associ-the federal organization supporting lowship for 1990-91. The most presti- ates, Chicago.medical, dental, nursing and other health gious fellowship for graduate study atprofessions education, in the US. Depart- Indiana University, the Edwards Fel- .ment of Health and Human Services. lowships are awarded to students who In mernonam

have strong academic records and a - - I -

1970-1979 dedication to serving society. {£5 §§;1;?‘,'f,‘§J. ScottAve1y, BA’75, isacertied public Kristen S. LaEace, BA’89, began a po- was a proféssoi in the Depémneni of

accountant withanofoeinlndianapolis. sition as tax analyst with the Indiana Economics at the University of Okia_DHVICI G.Kintz,BA’76,ismanagerofthe State Blldgét Ag€I1Cy, IDCIIBIIBPOIIS, in hon“ and had collaborated with Pi.O_

economicssection forAMOCOinChicago. December 1989. itessor Fred wit“ on several editionsDavid H. Mersereau, BA’76, is a part- Anne Therese Moliter, BA’89, is a of theirbook LabOreyRe;ah~0n5 Law which

ner of the law finn Brittain Mersereau consultant inthemanagement consulting is widei usedin Cone and ilniver.and Pentlarge, Anchorage, Alaska. The services for Coopers and Lybrand in sities thzlou hout the ggisintryfirm specializes in commercial law. Washington,D.C InSeptemba',shestarted g '

the MBA program at George Washington1980-89 Universi as a -time student.

Jong-Kil An, PhD’89, has resigned his Michatzl A. 11:1, BA’89, began W01'k Kneese h0n9redposition at the Bank of Korea to become in the consumer loan department of Alien V Kneese PhD/56 LLD/87 Seniora research fellow at a newly established Monroe County Bank in August. fellow a't Resoiiifoes for nae Fiituié (R1;-F)govemment-sponsored institute (NIESI). Adnan Y. Sawalha, BA’88, is working was - int] awarded the 1990 Volvo Emil

Carter W. Austin, BA’88, isaninvest- on a graduate degree in economics at roiinpieiit He Shares the substantialment executive with Paine-Webber in Indiana State University. awardwithcdvimeriohnv Kmiiiia alsoCincimlati, Ohio. Sylvia Hamess Smith, BA’82, fin- MRFF -I-hetwo were Cited .1 ioneérsin

Scott A. Baxter, BA’88, is an invest- ished a master's degree at Wright State devek; in the thee of envioiimenialment executive with Paine-Webber in and is living inRichmond, Va. ecomnij. and its 3'3’ “muons to ubicColumbus, Ohio. Steve H. Tae, BA’89, is an associate ii dwsiommaifmCemmonptook

Christ:0pherM. Ca1ring’con,BA'83,live6 nancial analyst with Allstate Life In- pf ‘Y - - Y. . . . p ace at The Umverslty of Gothenburg,eliazlilis and1Sa1:lgssv surance, Northbrook, H1. Sweden, on November 8_

Joscelyne K. Chan, BA’87, works as a 1990 Graduates . .copy editor for Asian Sources Computer James S. Budzyn, BA’90, is an account H0 lmes gives thirdProd ct,H K . t' 'th M t l't' L'f , -u s ong ong execu lve wl e ropo 1 lan 1 e Lecture

James M. Holmes, regional director forINDIANA UNIVERSITY ALUMNI ASSOCIATION - -indj M .aiU . M i Bi . IN 47405 N0r\-I’r<>f1*0rg- h11I11i_1I\resouitesoftheU.S_. Postal Serwceana emon mon, - 7/ oomlngton, U.Si)I;3gage mchicagoipraemed memdpraj wimey

Indiana University Lecture on Labor-Management RelationsAlumni Association on April 2 in Woodbum Hall. Holmes’

address was titled "Historyand Climateoflabor Relations in the Postal Service."

The lectureserieswasestablished in1988by former students and colleagues ofFredWitney on the occasion of Witney’s retire-ment from the Department of Economics.Witney is teaching two labor economicscourses for the department this fall.