Education
PhD, Economics, Stanford University, 1982
MDiv, Union Theological Seminary, 1974
AB, Princeton University, 1968
Research
My research is generally concerned with extending the ideas of Micha³ Kalecki and John Maynard Keynes on the relation of financial considerations to economic activity, with philosophical and doctrine-historical aspects of Kaleckian and Keynesian economics, and with related topics in macroeconomics, monetary economics, and history of economics. I am working on a book manuscript entitled "Kalecki's Principle of Increasing Risk and Keynesian Economics," under contract to Routledge.
Selected Publications
"On the Behavior of Money, Velocity, Prices, and Output in the UK in the Gold Standard Period: 1871-1913," with Hamid Baghestani, Applied Economics, December 2007.
"El Papel de los Mercados Financieros en Actividad Macroeconómica," ("The Role of Financial Markets in Macroeconomic Activity") in Políticas Macroeconómicos para Paises en Desarrollo, eds. Guadalupe Mántey and Noemi Levy, DGAPA-FES-Acatlán-UNAM, 2007, pp. 377-397.
Rethinking Capitalist Development: Essays on the Economics of Josef Steindl, edited by Nina Shapiro and myself, Routledge, 2005.
"Longer-Run Aspects of Kaleckian Macroeconomics" for Mark Setterfield, ed., The Economics of Demand-led Growth: Challenging the Supply-Side Vision of the Long Run, Edward Elgar, pp. 153-171, July 2002.
"Kenneth Boulding, 1910-1993," Economic Journal, June 2000, pp. 430-444.
"Kalecki Vs. Keynes on the Determinants of Investment," with Julio López, Review of Political Economy 11, July 1999, pp. 291-301.
Teaching
My teaching interests are in the areas of Macroeconomics and Monetary Economics, History and Philosophy of Economics, and Alternative Theories of Value and Distribution. At DU in recent years I have normally taught the following courses: "Origins of Modern Economics," required for our MA students and open to junior and senior undergraduates, which covers the development and problems of classical and neoclassical value theory, neoclassical business cycle theories and Keynes's attempts to develop a different macroeconomics, and the implications of this for price theory; "Advanced Macroeconomic Theory," required for MA students, which covers the development and present state of the major theories of macroeconomics; and three sections of "Economics: Wealth and Poverty," our first course for undergraduates. I have recently started offering in alternating years "Money and Financial Markets" and "Monetary Theory and Policy" for upper-division undergrads and MA students.
Service
I served as Chair of the Department from July 1995 to March 2001. I am the Department's library liaison and seminar organizer. I have served on several departmental and divisional promotion and tenure committees. I have done some work for and made public appearances in support of local projects such as living wage initiatives in Denver and Boulder. I have given a number of presentations and participated in public discussions for the local chapters of organizations such as the Colorado Progressive Coalition. I have given a number of presentations in area high school classes on topics such as "Understanding Economics and the Economy," "Capitalism and Its Discontents," and "The Stock Market and the Economy" under the auspices of the Reach Out DU Program.