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The KU Economist Spring 2011 The KU Economist VOL 1 / ISSUE 1 SPRING 2011 mith and min in S a W 2010-11 in thiS iSSue CLaS aLumni diStinguiShed 1 • Two Econ Grads Win Highest Chievement WardS a a CLAS Award Two more KU Economics Department alum- 2 • Message from the Chair ni have been named recipients of the highest • Booth Purchases Original honor awarded by the College of Liberal Arts of Basketball Rules Sciences. Nobel Laureate Vernon L. Smith was designated by the CLAS Advisory Board as a 3 • Author/Baseball Pundit Gives 2010-2011 CLAS Alumni Distinguished Achieve- Back to KU ment Award winner, as was renowned film-mak- • Ginther Named Woman of er Mohammed “Mark” Amin. Smith and Amin Distinction were to be honored at the Dean’s Club Banquet • Welcome Dr. Manopimoke in April 2011. Vernon L. Smith Smith, who was awarded the 2002 Nobel 4 • 2010-11 Student Awards and Prize in Economic Sciences for his groundbreaking Scholarships work in studying alternative market mechanisms, received his master’s degree in economics at KU in 1954 before receiving his Ph.D. at Harvard University. He cur- 5 • Early KU Economics History rently has joint appointments with the Argyros School of Business & Economics and • KU Alum Leading Expert the School of Law at Chapman University, is a research scholar at George Mason on Wall Street Meltdown University Interdisciplinary Center for Economic Science, and serves as a Fellow of the Mercatus Center. He founded the International Foundation for Research in Ex- 6 • Guest Speaker and Seminar perimental Economics and has authored or co-authored more than 250 articles and Series books on finance, natural resource economics and experimental economic theory. • Snapshot of a Thriving Amin, who received an undergraduate Department degree in economics from KU in 1972 before • KU Houses Famous Economic later obtaining an MBA from UCLA, has earned History Collection credit in over 50 feature films ranging from tele- vision to major studio productions as vice chair- 7 • Graduation Ceremony – man of Lionsgate Entertainment and the CEO May 21, 2011 of Sobini Films. As founder of Trimark Holdings, • Recent Grad Specializes for (which would later merge with Lionsgate), Amin Dallas Fed oversaw the development of one of the enter- • Alumni Update tainment industry’s leading publicly traded, in- • Contact Us With News and dependent production and distribution compa- Updates nies. One film Amin executive produced in 2002, Frida, received six Academy Award nominations. 8 • Asiedu Named Head of AFEA Dean Danny Anderson said that it was • Current Student Gains Mohammed “Mark” Amin exhilarating to see how the success of Smith, Homeland Security Expertise Amin and other award winners had served as “in- • Economics Club Update spiration for liberal arts and science students who want to help shape our future.” Well-known baseball author and pundit Bill James received a 2009-2010 CLAS 9 • Faculty News Alumni Distinguished Achievement Award in April 2010 (see page 3); and econom- ics department benefactor and former National Computer Systems Chair and CEO 10 • Chancellor Visits Colombian Charley Oswald was a 2005-2006 recipient. The department’s undergraduate pro- President gram has been designated as the Charles W. Oswald Program in Economics in ac- knowledgment of his many years of support and generosity. 11 • Reflections of A Community Banker http://economics.ku.edu PAGE 2 THE KU ECONOMIST meSSage from the Booth PurChaSeS Chair originaL BaSketBaLL ruLeS for diSPLay at I very much hope that you neLSon-atkinS, ku will enjoy this third edition of the KU Economist. We have been delighted by the responses we Another economics grad- have received from the first two uate and die-hard Jayhawk issues, as it is wonderful to hear made national news in De- from many old friends scattered cember with a record-setting all over the world! purchase that will end up add- I hope in this edition you can get a flavor of the KU Eco- ing to the historical basketball nomics Department’s exciting and ongoing arc of history. legacies already on display at KU. David Booth, who received From the listing of a course in “political economy” in the ini- his undergraduate degree in economics from KU in 1968, ac- tial 1866 university course catalog (page 5); to the claim we quired for more than $4.3 million the original copy of James have of producing KU’s only Nobel Laureate, Vernon Smith Naismith’s basketball rules that were posted on a YMCA wall (page 1); to the landmark accomplishments of any number in Massachusetts in 1891. of our other alumni in many different fields such as Frank A Sotheby’s official told the press that the final auction Partnoy (page 5), Bill James (page 3), and Mark Amin (page sale price set a record for sports memorabilia. 1); to our healthy enrollment and graduation data (page 6) Booth immediately announced after the auction that he that point toward an even brighter future, I am honored to planned on working with KU officials to have the rules put have played a small part in the department’s vibrant past, on permanent display at KU, likely in the Booth Family Hall present, and future. of Athletics at Allen Fieldhouse (so named in acknowledg- The KU Economist was brought to fruition in 2008 be- ment of previous generosity from the Booths). cause of the initiative, creativity, and hard work of Martha In late February, officials announced that the rules Hensley, its first editor. Martha came to KU as a “non-tradi- would be on display initially as a special exhibit at Kansas tional” student in the late 1970s, has been associated with City’s Nelson-Atkins Museum of Art from March 5 through the Economics Department in numerous capacities ever May 29. since, currently teaches Econ 104 online, and has been a Naismith was KU’s first basketball coach, and Allen Field- critical asset in the transition to help assure this publica- house sits on Naismith Drive. tion’s continuation. The production of the KU Economist Chancellor Bernadette Gray-Little said that she was de- has now been assumed by two alumni editorial advisors, lighted a “piece of sports history that is intertwined with the Andrew Barton, a recent graduate, and Chris Courtwright, University of Kansas and its storied tradition of basketball a 1980s graduate. Andrew served most recently as Vice excellence” would be coming to town. President of the KU Economics Club, an organization which Men’s basketball coach Bill Self could scarcely contain is continuing to build momentum (page 8). Chris is Chief his excitement. Economist for the Kansas Legislature, and some of his ac- “The pride in having these rules here in Lawrence will complishments were detailed in a feature article in the last last far longer than any of us will,” Self said. “It will last for edition of the newsletter. Bringing the arc-of-history theme many generations.“ full circle, Martha, our editor emeritus, taught one of Chris’ Booth is chairman and CEO of Dimensional Fund Advi- microeconomics courses in the early 1980s! We hope that sors, one of the largest institutional fund managers in the the KU Economist will be of special interest to alumni, and US. He and his wife, Suzanne, live in Austin, TX. we are very happy that it will continue to be in the capable hands of two enthusiastic and loyal Jayhawks! Relative to the current year, we are very happy to have ProfeSSor Peter frevert (1938-2010) added Pym Manopimoke to our faculty (page 3). Professor Manopimoke, a recent graduate of the Ph.D. program at the Dr. Peter W. Frevert, longtime KU associate professor of University of Washington, is a specialist in macroeconomics economics who retired in 2001, passed away May 11, 2010 and econometrics, and has already proven herself to be a at age 72. Frevert, who taught at KU from 1967-2001, re- wonderful teacher. Looking to the future, we are currently ceived his Ph.D. in Economics from Purdue in 1964, taught searching for a senior level econometrician, due in large at Depauw University and the State University of New York part to growing student interest in economics. Currently at Buffalo before coming to Lawrence. Among his many ac- more than 370 KU undergraduates and almost 90 graduate complishments, he received two Fulbright Lectureships – in students are seeking degrees in our programs. Khartoum, Sudan (1980-81) and Wuhan, China (1987-88) Please continue to let us hear from you! We would like – and was considered an authority on African and Chinese to know what you are up to, would very much like to stay in economic development issues. touch with everyone on an ongoing basis, and would like to Many generations of students fondly remember Pete’s know what more you want to know about what is going on dry sense of humor from his days of teaching their micro- in the Department. economics, macroeconomics, money and banking, and in- – Joe Sicilian ternational trade courses at KU. THE KU ECONOMIST PAGE 3 ginther reCognized aS author and Woman of diStinCtion BaSeBaLL Pundit ameS iveS aCk to J g B Professor Donna K. Ginther ku With “PoWer of was honored for the 2010-11 ignoranCe” academic year by being chosen as one of three faculty members to appear on the 2010-2011 KU Renowned baseball author Women of Distinction Calendar and historian Bill James, who (http://www.news.ku.edu/2010/ received an undergraduate bachelor’s degree in eco- august/26/wodcalendar.shtml). nomics from KU in 1973, has Ginther, who is the Director of the Center for Economic and transformed the way the sport is played, viewed, managed Business Analysis at the Institute for Policy and Social Re- and understood through his innovative work with baseball search, also serves on the American Economic Association research and statistical methods.
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