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Endowed Programs
Cargill
The Cargill Program in the economics of agriculture and economic development
was established in 1977 with the help of a grant from Cargill, Inc. Its
primary objective is to enhance the awareness and knowledge of agricultural
issues among both liberal arts students and the larger Macalester community.
The Program consists of two major components:
(1) courses within the Department of Economics, addressing issues of
agricultural economics and economic development, and
(2) a well established and successful set of other activities such as
the Distinguished Visitor Series, Dinner-Seminar Programs, and the Cargill
Internship. Some recent Distinguished Visitors have included:
- Kaushik Basu, Cornell University, "Game, Theory, Poverty Traps,
and Rationality," and "Globalization and Labor Standards."
- Alan V. Deardorff, University of Michigan, "What Might Globalization's
Critics Believe?"
- Robert E. Evenson, Yale University, "The Green Revolution in
Developing Countries: An Economist's Assessment".
- Larry E. Westphal, Swarthmore College, "Industrialization Meets
Globalization:Uncertain Reflections on East Asian Experience."
- Daniel Sumner, University of California at Davis, "Have We Turned
the Corner? Recent Farm Policy Events in a Historical Context."
- Robert Bates, Harvard University, "The International Coffee Organization:
An International Government of Coffee?"
Other speakers have included:
- Ben Senauer, University of Minnesota, "The Role of Poverty and
Hunger Alleviation in U.S. Foreign Policy."
- Daniel Finn, St. John's University, "On the Ethics and Economics
of International Trade."
- C. Ford Runge, University of Minnesota, "The Takings Controversy:
Land Values and Agricultural Policy."
- Robert Townsend, University of Chicago, " Cropping Groups as
Firms in a Semi-Arid Village Economy."
NOTE: If you would like a copy of any of these papers please contact
the department.
Bureau of Economic Studies
The Bureau provides support for faculty and student research. It sponsors
visiting speakers and provides various means of contact between
the college and the Twin Cities business community. It publishes
a series of occasional papers and sponsors a student-run and student-edited
Journal of Economics. This journal has been published annually
for about 15 years. For more information on the Journal of Economics
please contact economics@macalester.edu.
Recent visiting speakers include:
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Merton Finkler, Lawrence University, “Whack-a-mole
and Other Approaches to Health Care Cost Containment.”
- Gary Burtless, Senior Fellow, The Brookings Institution, "Has
Widening Inequality Been Helpful for American Economic Performance?"
- David Meiselman, Center for Study of Public Choice, George Mason University,
"Whatever Happened to the Keynesian Revolution?"
- Mark Skidmore, University of Wisconsin - Whitewater, "Natural
Disasters, Investment, and Economic Growth: An Empirical Investigation."
- Joseph E. Stiglitz, World Bank Chief Economist and Senior Vice President
of Development Economics, "Lessons from the Global Financial Crisis."
- Mark Montgomery, Grinnell College, "The Welfare Effects of Abandoning
Affirmative Action in Admissions."
- Daniel Hamermesh, University of Texas at Austin, "The Economics
of Beauty."
- V. V. Chari, University of Minnesota and the Minneapolis Federal Reserve
Bank, "The Poverty of Nations: Back to Basics."
- Ed Lotterman, St. Paul Pioneer Press, "The Political Economy
of Growth and Development in South America, 1985-2005: Disappointment
and Hope."
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Barry Schwartz, Swarthmore College, "The Paradox
of Choice: Why More is Less."
- Stanley L. Engerman, John H. Munro Professor of Economics and Professor
of History, University of Rochester, "Institutions and Differential
Economic Growth in North and South America after 1400."
Entrepreneurial Studies
The Entrepreneurship Program at Macalester was established in 1983
with the assistance of a grant from alumni and former trustee, Richard
Eichorn '51. The program is anchored in one course, Entrepreneurship:
New Ventures (458-01). Taught by Professor Karl
Egge, this course is offered once a year to upper division students.
Many entrepreneurs have served as guest speakers and mentors to students
in this class. The research topic of the professor and the students
for a particular term is often presented at scholarly conferences. For
example, the professor and students recently studied the Entrepreneurship
Program at the Mall of America and the bankruptcies of recent new businesses.
Economics Laboratory
The Economics Laboratory was partially financed with an instrumentation
grant from the National Science Foundation in 1990. The laboratory is
used for Econometrics and other economics courses, as well as by students
working on independent projects. The lab is equipped with 22 Macintosh
computers (several with PC cards), specialized spreadsheet and statistical
software, and a scanner. The computers are connected to the campus information
network, through which students may also make use of internet resources.
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