About the Authors
Peter T. Calcagno, Ph.D., is an Associate Professor of Economics at the College of Charleston. He is the founding Director of the Initiative for Public Choice & Market Process. Dr. Calcagno is a member of the Editorial Board of B-Quest Business Journal and is an adjunct scholar at the Ludwig von Mises Institute. He has won awards for his teaching and is the author of more than 20 articles and book chapters. His areas of research are public choice economics and political economy.
Joshua C. Hall, Ph.D., is an Assistant Professor of Economics at Beloit College in Beloit, Wisconsin. Formerly an economist for the Joint Economic Committee of the U.S. Congress, he authored over fifty journal articles, policy reports, and book reviews since earning his doctorate in economics from West Virginia University in 2007.
Russell S. Sobel, Ph.D., is Professor of Economics and James Clark Coffman Distinguished Chair in Entrepreneurial Studies in the College of Business and Economics at West Virginia University. He has published over 150 books and articles, including a nationally best-selling Principles of Economics textbook. Dr. Sobel was the founding Director of the West Virginia University Entrepreneurship Center and served in that role until 2006. His research has been the subject of articles in the New York Times, Wall Street Journal, Washington Post, and The Economist Magazine, as well as appearances on CNBC, CSPAN, and the CBS Evening News. He has received numerous awards for both his teaching and research. Dr. Sobel also teaches regular courses in economics for U.S. Congressional Staff and West Virginia K-12 school teachers. Dr. Sobel serves as Senior Economist and Director of the Center for Economic Growth for The Public Policy Foundation of West Virginia.
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Advisory BoardArnold Hite, Ph.D., is a Professor of Economics at Charleston Southern University. His research interests are in the areas of Industrial Organization, International Trade, and Environmental Econ. Dr. Hite earned his doctorate in economics from Texas A&M and has been at Charleston Southern University since 1990.
William Sandberg, Ph.D., is an Associate Professor of Management at the University of South Carolina. Bill Sandberg joined the USC faculty in 1986 to teach strategic management and entrepreneurship. In recent years he has taught only entrepreneurship, including 'consulting projects' courses and one on commercializing R&D innovations. He earned his Ph.D. in Business Administration from the University of Georgia in 1984, majoring in management policy with a minor in organizational behavior and concentrated study in industrial organization economics. He also holds two degrees in finance from Northwestern University. Prior to joining the USC faculty, he was an assistant professor at the University of Houston. His research has focused on strategic aspects of entrepreneurship, beginning with his dissertation (New Venture Performance: The Role of Industry, Strategy, and the Entrepreneur, Lexington Books, 1986) and continuing with studies of firms' and managers' opportunity recognition and of the impact of 'disruptive technology' on established industries. Bill's research has been published in the Academy of Management Journal, Academy of Management Review, Strategic Management Journal, Entrepreneurship Theory and Practice, Journal of Business Venturing and elsewhere. He also is interested in countries' transitions from communism to freer societies with market economies, and in this pursuit has visited Russia and two Eastern European countries.
Timothy Terrell, Ph.D., is an Associate Professor of Economics at Wofford College in Spartanburg, South Carolina, where he has taught since 2000. Dr. Terrell obtained his Ph.D. in economics from Auburn University in 1998, following an M.A. in economics from Clemson University. He has written on environmental regulation, economic policy, and the ethics of markets in journals like the Quarterly Journal of Austrian Economics, the Journal of Markets and Morality, and the Duke Environmental Law Policy Forum. Dr. Terrell has also written dozens of op-eds and edited or contributed to several books. He is an adjunct scholar with the Ludwig von Mises Institute, where he serves on the editorial staff of the Quarterly Journal of Austrian Economics, and has lectured on ethics and economic policy at four universities in Europe. Dr. Terrell also maintains an economic consultancy and is a partner in a Spartanburg-area real estate investment firm. He lives near Greenville with his three children.
William Woolsey, Ph.D., is an Associate Professor of Economics at The Citadel. He earned his doctorate in economics from George Mason University.
Bruce Yandle, Ph.D., is Alumni Distinguished Professor of Economics Emeritus, Clemson University, and Dean Emeritus of Clemson University's College of Business and Behavioral Science where he has been a faculty member in Economics since 1969. While at Clemson, he taught in graduate programs in France, Italy, Germany and Czech Republic. He is currently Distinguished Adjunct Professor of Economics with George Mason University's Mercatus Center and lectures regularly on Capitol Hill. He is a Senior Fellow with PERC in Bozeman, MT and Senior Fellow with Clemson's Thurmond Institute. Bruce has served in Washington on two occasions. He was a White House senior economist during the Ford and Carter administrations. He served as Executive Director of the Federal Trade Commission during the Reagan Administration. He has served as president of the Association of Private Enterprise Education, as Chairman of the S.C. State Board of Economic Advisors, and as Chairman of the Spartanburg Methodist College board of trustees. He received his A.B. in economics from Mercer University and his MBA and PhD, both in economics, from Georgia State University. He is author of 16 books and writes a quarterly newsletter on the economy, which is posted on the Strom Thurmond Institute web site.
Other Contributing AuthorsSteven J. Arsenault, L.L.M., J.D., is an Associate Professor in the Department of Accounting and Legal Studies at the College of Charleston. He holds an LL.M. in Taxation from the University of Florida College of Law and a J.D. from the University of South Carolina School of Law. He has published numerous articles on taxation, estate planning, employee benefits, tax planning and related areas. In addition to taxation, his current research interests include bankruptcy and antitrust law in the People's Republic of China and the effects of financial statement disclosure requirements on the legal and accounting professions.
Andres Bello is a student and Research Assistant in the Ph.D. program in Business Administration Finance at the University of Texas Pan-American.
Brooke Conway, Ph.D., is a recent graduate of Clemson University with a doctorate in Applied Economics. Her primary interests include Industrial Organization, Public Choice, and Education, and her dissertation was written under Robert D. Tollison and Michael T. Maloney in the fields of Public Choice and Education. Her dissertation included essays concerning the causes of interest group formation within a state and whether more interest group activity translates into reduced economic development. Her essay on education used data from California counties to show that public schools improve as a result of competition from private schools, yet the effect is lagged by several years. She obtained her first faculty position at Georgia Southern University where she is currently an Instructor of Economics.
Susane J. Leguizamon is a Ph.D. candidate in the Department of Economics at West Virginia University. Her current research analyzes expenditure mimicking behavior by national governments as well as envy in the housing market.
Anthony C. Gregory is a graduate of West Virginia University with masters' degrees in Economics and Business Administration. He was a research assistant in the Bureau of Business & Economic Research at West Virginia University for one and a half years, and is currently working in the corporate headquarters of Southwest Airlines.
Frank Hefner, Ph.D., is a Professor of Economics and director of the Office of Economic Analysis at the College of Charleston. He received his B.A. Degree in Economics from Rutgers College and his M.A. and Ph.D. Degrees from the University of Kansas. He taught at Washburn University in Topeka while he was a research assistant in the Institute for Policy and Social Research at the University of Kansas and at the University of South Carolina where he served as a research economist in the Division of Research. His research interests include regional economic development and forecasting. He is a past president of the Southern Regional Science Association.
Peter T. Leeson, Ph.D., is Visiting Professor of Economics at the Becker Center on Chicago Price Theory at the University of Chicago and BB&T Professor for the Study of Capitalism at George Mason University. Formerly, he was a Visiting Fellow in Political Economy and Government at Harvard University and the F.A. Hayek Fellow at the London School of Economics. Professor Leeson is the author of more than 80 articles in journals and books.
J. Sebastian Leguizamon is a Ph.D. candidate in the Department of Economics at West Virginia University. He served as a research assistant in the Bureau of Business & Economic Research at West Virginia University for two and a half years and is now finishing his dissertation on the efficiency of state and local government spending, applied to specific forms of expenditure.
Justin M. Ross, Ph.D., is an Assistant Professor of Public Finance at Indiana University in the Bloomington School of Public & Environmental Affairs. He earned his B.S. in Business Economics from Wright State University and his Ph.D. in economics from West Virginia University.
Daniel S. Sutter, Ph.D., is an Associate Professor of Economics in the Department of Economics and Finance at the University of Texas - Pan American. His areas of specialization include public choice and constitutional economics. He earned his doctorate in economics from George Mason University.
Jameson Taylor, Ph.D., is Director of Research for the South Carolina Policy Council, where he is responsible for supervising and conducting policy research. Dr. Taylor's current work is focused on restructuring and constitutional reform while his wider interests include constitutional law, bioethics and personalism. Taylor is a contributing author to Taylor's Encyclopedia of Government Officials and his work has appeared in a variety of magazines and journals, including Citizen, Clements' International Report, Faith & Reason, and The Review of Metaphysics. He has also taught philosophy at Christendom College and holds distinction as a three-time Earhart Fellow, a Publius Fellow with the Claremont Institute, and an E.A. Morris Fellow. Dr. Taylor holds an A.B. in government from Bowdoin College and a Ph.D. in politics from the University of Dallas, where he wrote his dissertation on Karol Wojtyla's The Acting Person.
Douglas M. Walker, Ph.D., is an Associate Professor of Economics at the College of Charleston. Previously he taught at Georgia College, Louisiana State University, and Auburn University. He received his Ph.D. in economics from Auburn in 1998. Walker's teaching interests are in international and public economics. His research has focused on the economic and social effects of legalized gambling, and has been published in journals such as International Gambling Studies, Journal of Gambling Studies, Public Choice, Public Finance Review, and Review of Regional Studies. His book, The Economics of Casino Gambling, was published by Springer in 2007, and was published in Chinese translation in 2008.