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
Steve Strand (firstname.lastname@example.org)
Sara Nielsen (email@example.com)
- Phone: (507) 222-4109
- Fax: (507) 222-4044
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.
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.
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.
Nathan Grawe (Ph.D. University of Chicago) teaches Economics of Inequality, Industrial Organization, 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 researching issues in the economics of higher education. Nathan was faculty director of the Cambridge program in Summer 2004.
Mark Kanazawa (Ph.D. Stanford) regularly teaches courses in environmental and natural resources economics, western economic history, economics of sports, and econometrics. His research interests include issues of political economy, regulation, and public policy as applied to natural resources. In particular, he has been researching the political economy of water rights in California. Mark is the career coordinator for the Economics Department. Mark is also a bowler who has his own fancy ball and funny shoes, but he still cannot beat Jenny, see above. In addition, he has developed a mean game of Scrabble.
Pavel Kapinos (Ph.D. University of Illinois) teaches classes in international finance, macroeconomics, and financial markets. His primary research interests lie in monetary economics. More specifically, he is interested in the theoretical and empirical aspects of the dynamic stochastic general equilibrium models that emphasize nominal rigidities. He is also an avid sports fan who follows international soccer and domestic football leagues.
Director of Political Economy
Martha Paas (Ph.D. Bryn Mawr) is a macroeconomist who teaches courses in economic history, the history of economic thought, and the economics of the arts. She has lectured and written widely on demography and economic change in early modern Europe , and has a new book forthcoming with Yale University Press on the Kipper und Wipper inflation of 1619-23. Martha has held several grants and fellowships, most recently a Senior Research Fulbright Fellowship at the University of Jena. She is the architect of the annual Carleton Seminar in Economics at Cambridge University, England , which she started in 1983.
Chair of Economics
Stephen Strand (Ph.D. Vanderbilt) came to economics after a stint in the Peace Corps in Turkey and specializes in regulatory economics, a topic on which he has published several articles and done consulting and research. He teaches managerial economics, the economics of regulation, and other applied microeconomics topics. Professor Strand's recent research has centered on pricing models of spatial monopoly and competition. He has co-directed an off campus program in Paris, France with Prof. Dana Strand and has taught a course on the Economics of the European Union. Many of Steve's most interesting thoughts occur to him on the golf course or on a fishing trip.
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.
Radek Szulga (Ph.D. University of California, Davis) teaches courses in international finance, growth and development and macroeconomics. His research interest center around the role of labor markets in the process of economic development with emphasis on issues of women’s work, immigration and remittances sent home by migrant workers. He is also interested in Economic History as it relates to the above topics. His non academic interests include reading history books, watching British mysteries and following SEC football.
Bruce Wambheim (University of Utah) is a returning Visiting Instructor. Bruce previously taught at Carleton for four years, from 2003-07, and is returning for the 2012-13 academic year. He will be teaching macroeconomics, money and banking, American economic history, and a course in financial crises. His current academic work applies the tools of institutional economics to an analysis of the history of the early Russian economy. Bruce likes to spend time with his buddy, Simba (an English Lab). He also plays racquetball and spends his summers working with a white-water rafting outfitter in Idaho.
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.
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.
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.
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.