Faculty and Staff

The Economics Department at Carleton College consists of ten full-time and one visiting faculty member with varying backgrounds who teach and conduct research on a broad range of topics. The curriculum is both theoretical and applied. Introductory courses in macroeconomics and microeconomics are a prerequisite for all upper-level courses. Economics majors are required to complete a core theoretical sequence of advanced courses in microeconomics, macroeconomics, and econometrics as well as a comprehensive exercise consisting of an exam or a senior research project. In addition to the theory courses, applied courses are available on subjects ranging from European Economic History to Managerial Economics to Law and Economics and International Finance.

Carleton College has been home to two very influential economists, John Bates Clark and Thorstein Veblen. In their honor, the Economics Department sponsors the annual Veblen-Clark lecture. Each summer the department also conducts a full-term program based at Cambridge University in England.                                                                                         

CHAIR OF ECONOMICS DEPARTMENT
Nathan Grawe (ngrawe@carleton.edu)
(507) 222-5239          

ADMINISTRATIVE ASSISTANT
Sara Nielsen (snielsen@carleton.edu)
(507) 222-4109

General contact

Faculty

Nathan Grawe
Nathan Grawe Profile
Professor of Economics
Chair of Economics

Nathan Grawe (Ph.D. University of Chicago) teaches primarily teaches Economics of Inequality, Industrial Organization, Labor Economics, and Principles of Microeconomics.  Occassionally he also teaches Econometrics and Intermediate Macroeconomics. His research interests focus on the role of family in perpetuating inequality. Past publications study the correlation between parent and child income and the "family size effect" (why children from large families, on average, earn less than those from small families).  He is currently exploring the effects of recent demographic changes on the future demand for higher education.  Nathan was faculty director of the Cambridge program in Summer 2014.

Jenny Bourne
Jenny Bourne Profile
Professor of Economics

Jenny Bourne (Ph.D. University of Chicago) has previously held positions at St.Olaf College, George Mason University, and the U.S. Treasury Department. She has published in the areas of American economic history, demography, tax policy, and law. Her book on the economics of slave law was published by Cambridge University Press; her current research includes an analysis of Minnesota’s new receivership statute, an investigation of intertemporal income choice as a function of wealth and demography, a study of the financial legacies left by the 37th Congress, and a book manuscript on the Granger movement.  Jenny is a member of the Statistics of Income Consultants’ Panel at the Internal Revenue Service and she served on the Tax Expenditure Review Study Group for the State of Minnesota (2010-11).  She teaches courses in labor economics, law and economics, American economic history, economics of race, public finance, price theory, and microeconomic principles.

Faress Bhuiyan photograph
Faress Bhuiyan Profile
Assistant Professor of Economics
Off Campus: Spring 2015

Faress Bhuiyan (Ph.D. Northwestern University) studies labor supply trends, subjective wellbeing, rural-urban migration in developing countries, economic growth and income inequality as it relates to peer based comparison utility. He is also interested in the welfare consequence of bargaining between special interest groups and the government towards choosing patent regimes in a global setting.  Bhuiyan enjoys teaching microeconomics of developing countries, labor economics, and comparative economic systems.  A huge fan of the Bangladesh cricket team, the Argentine soccer team, Barcelona FC and mainstream music, he loves playing soccer, cricket, ping pong and listening to music.

Lauren Feiler
Lauren Feiler Profile
Assistant Professor of Economics
Off Campus: Fall 2015 through Spring 2016

Lauren Feiler (Ph.D. California Institute of Technology) teaches classes in behavioral and experimental economics, game theory, and microeconomics. Her current research focuses on the use of justification in economic decision making. This research includes experimental studies on tendencies to seek information that will support one's beliefs and avoid information that could cause monetary or psychological harm. (For example, you might not make eye contact with a homeless man in order to avoid feeling compelled to give him money or feeling guilty about not giving him money.) Lauren's favorite activities include camping, kayaking, and riding roller coasters.

Mark Kanazawa
Mark Kanazawa Profile
Professor of Economics

Mark Kanazawa (Ph.D. Stanford) has published research in the areas of American economic history, law and economics, new institutional economics, water policy, economics of sports, and the economics of natural resources.  Golden Rules, his recently-completed book on water rights in the California Gold Rush, will be published in early 2015 by University of Chicago Press.  His current research projects include a legal-economic history of groundwater rights in California, the impact of advances in science on the common law, the emigrant experience on the overland trail to California, and climate change impacts on communities along the north shore of Minnesota.  He has held visiting positions at Stanford, UC-Berkeley, and the University of Illinois, and he has been awarded the Jacobs Fellowship at the Huntington Library and the Simon Fellowship at the Property and Environment Research Center.  He teaches courses in environmental and natural resource economics, western economic history, economics of sports, econometrics, and research methods in environmental studies.

Ben Keefer
Ben Keefer Profile
Assistant Professor of Economics

Ben Keefer (Ph.D. University of Washington) teaches courses in intermediate macroeconomics, investment finance, as well as macroeconomic principles.  His research applies insights from behavioral economics to models with risk and uncertainty, in both microeconomic and macroeconomic settings.  His personal interests include hiking and kayaking

Martha Paas
Martha Paas Profile
Wadsworth A. Williams Professor of Economics
Off Campus: Spring 2015, Spring 2016

Martha Paas ( Ph.D. Bryn Mawr), Wadsworth A. Williams Professor of Economics, is a macroeconomist with special interests in European economic history and Health care economics. She has lectured and written widely on the economic history of early modern Germany and on income inequality and health care reform. Martha has a new book with Yale University Press: The  Kipper and Wipper Inflation, 1619-23:An Economic History with Contemporary Broadsheets. She has held several grants and fellowships, most recently a Senior Research Fulbright Fellowship at the University of Erlandgen-Nuremberg. Martha is the architect of the annual Carleton Seminar in Economics held at Cambridge University, England, which she began in 1983. She has been a member of High Table at King’s College, Cambridge.

Prathi Seneviratne
Prathi Seneviratne Profile
Assistant Professor of Economics

Prathi Seneviratne (Ph.D. Johns Hopkins University) teaches international trade, international finance, and microeconomics. Her current research explores the impact of international competition on labor markets and human capital investment. She is particularly interested in the sources of rising inequality in developing countries that liberalized trade. In her spare time, she enjoys Argentine tango, ballroom dancing, yoga, and watching old British comedies on Netflix.

Stephen Strand
Stephen Strand Profile
Raymond Plank Professor of Incentive Economics

Stephen Strand (Ph.D., Vanderbilt) came to economics after a stint in the Peace Corps in Turkey and regularly teaches a course on the economics of the European Union.  He also teaches courses in managerial economics and other applied microeconomics topics including regulatory economics, a topic on which he has published several articles and done consulting and research.  He has also co-directed Carleton off campus studies programs in France, Egypt, Morocco, and Turkey, in addition to the Carleton Economics Department's Cambridge Program in the summer of 2012.  In 2013-2014, he participated as a visiting professor in an off campus studies program organized by Georgetown University at the McGhee Center for Eastern Mediterranean Studies in Alanya, Turkey.

Aaron Swoboda
Aaron Swoboda ’01 Profile
Assistant Professor of Environmental Studies and Economics

Aaron Swoboda, '01 Econ (Ph.D. Univ. of California-Berkeley) has a joint appointment with Carleton's Environmental Studies (ENTS) Program. He regularly teaches courses in environmental and natural resource economics, microeconomics, econometrics and policy analysis. His research explores the impacts of housing and land-use regulation using the tools of Geographic Information Systems and spatial econometrics. His research interests include the spatial analysis of land use policy, homebrewing and fly fishing.

Bruce Dalgaard
Bruce Dalgaard Profile
Visiting Scholar in Economics

Bruce Dalgaard ((Ph.D., Illinois) has held teaching positions at Lehigh University, University of Minnesota, Twin Cities, and, most recently, St. Olaf College.  He's also had international appointments at Chiba University (Fulbright Scholar) and Waseda University (ACM Japan Study Director), HES in Rotterdam, and the Norwegian School of Economics.  His scholarly activity is varied, ranging from an AER article on computer-assisted instruction, to numerous economic and financial history books and articles, to a college-level money & banking textbook.  Currently he is actively researching the interplay of entrepreneurship and religion in Norway's early modern period.  You will often find him walking his dog in the Arb.  He also enjoys sports and is eager to attend athletic events on campus.

Bruce Wambheim
Bruce Wambheim Profile
Visiting Instructor in Economics

Bruce Wambheim (University of Utah) is a returning Visiting Instructor.  Bruce previously taught at Carleton from 2003-07, and is returning for the 2012-15 academic years.  He teaches principles of macroeconomics, money and banking, American economic history, the economic history of financial crises, and the history of economic ideas.  His current academic work involves an institutional interpretation of economic history applied to the early Russian economy.  Bruce was married in March of 2013, and he and his wife, Joan, make their home in Northfield with their buddy, Simba (an English Lab).

Emeriti Faculty

picture of Stephen Lewis
Stephen Lewis Profile
Professor of Economics, Emeritus and President, Emeritus

Stephen R. Lewis, Jr. (Ph.D. Stanford) was President of Carleton from 1987 to 2002. A development economist interested in fiscal, monetary and trade policy, he lived and worked in Pakistan (1963-65), Kenya (1971-73), and Botswana (1977-78, 1980-82) and has been a consultant in several other countries. He’s published six books and numerous articles on economic development. Since retiring from Carleton, he has served on several corporate and non-profit boards and continues to write and consult. View his home page.

Bob Will photo
Robert Will ’50 Profile
Raymond Plank Professor of Incentive Economics, Emeritus

Robert E. Will (Ph.D. Yale University) became an Economics Department legend during his 36 years (1957-1993) on the Carleton faculty. A Carleton grad himself (Class of 1950), Bob championed the importance of a liberal arts education. Each year the Robert E. Will Economics Prize, created to honor Bob's service, is awarded to the senior economics major or majors who demonstrate excellent academic achievement and breadth of intellectual interests in the best tradition of a liberal arts education. Bob remains a resident of Northfield and is very involved in community activities.

Staff

Sara Nielsen
Sara Nielsen
Administrative Assistant in Economics

Sara Nielsen joined the Economics Dept as an Administrative Assistant in August, 2012.  Before working at Carleton she was a legal secretary/assistant for the United State District Court of MN and at a law firm, and more recently worked substituting as an office assistant and special educational assistant for the Northfield Public Schools.  Sara and her husband Tom have 3 children.  Sara enjoys time with family and friends, traveling, gardening, cooking, baking and golfing.