Category Archives: Faculty

Economics Department Office is Open (Virtually)!

The Economics Department office will be operating remotely until further notice. Normal office hours will be in effect Mondays thru Fridays: 7:30 am-12:00 pm and 1:00-4:30 pm (MST).

The office staff may be reached at 970-491-6324 or via email: CLA_Economics@colostate.edu

If you need assistance from any other faculty or staff, you are welcome to contact them directly via email. You can view our department’s website for contact information: https://economics.colostate.edu/people/

We are here to help! Stay well! #RamsTakeCareOfRams 🐏

Stephan Weiler

Winter 2019/Spring 2020 CLA Magazine featuring Professor Stephan Weiler now available

The Winter 2019/Spring 2020 edition of the CLA Magazine is now available for your viewing pleasure! The Liberal Arts Magazine showcases stories from faculty, students, and alumni on universal topics. In this issue, we apply the lenses of the liberal arts to place and space. Our department’s article highlights the work of Professor Stephan Weiler and REDI.

Identifying rural solutions to urban needs, and vice versa, has been a big part of Professor Weiler’s work for decades. With the Regional Economic Development Institute, Weiler and others are examining the many ways to bridge the urban-rural divide. Whether it’s malting barley, charter school supply and demand, or poverty and incarceration, rural and urban communities can learn from and benefit one another and provide opportunities for more people to succeed.

Ed Barbier

Professor Ed Barbier featured in Euromoney

Professor Ed Barbier is featured as one of the best-known environmental economists in the world in this article posted on Euromoney.com.

Edward B. Barbier is a Professor in the Department of Economics, Colorado State University and a Senior Scholar in the School of Global Environmental Sustainability. His main expertise is natural resource and development economics as well as the interface between economics and ecology.  He has consulted for a variety of national, international and non-governmental agencies, including many UN organizations, the World Bank and the OECD. He has authored 300 peer-reviewed journal articles and book chapters, written or edited 24 books, and published in popular journals. Barbier is a Fellow of the Association of Environmental and Resource Economists and is consistently ranked among the top cited environmental economists globally. Google Scholar lists him as currently having nearly 50,000 citations, including 20,000 since 2013.

Ed Barbier with Rick Miranda - University Distinguished Professor

Professor Ed Barbier named University Distinguished Professor

The 2019 Celebrate! Colorado State Awards, held on May 9th, recognized more than 60 people from across the university, among them Economics Department Professor Ed Barbier.

Barbier was awarded the title of University Distinguished Professor, CSU’s highest academic recognition.

“Dr. Barbier’s career record clearly ranks him among the most outstanding members of his discipline,” Dean Ben Withers wrote in a letter endorsing Barbier’s nomination. “The letter of nomination provided by his faculty colleagues clearly outlines the global disciplinary and interdisciplinary image of his work, beginning with his seminal 1989 publication Blueprint for a Green Economy, and extending to the recent publication of his influential policy papers in the journals Science and Nature.”

Barbier was nominated by Professor and Senior Associate Dean Alex Bernasek, Professor and Chair Elissa Braunstein, Associate Professor Terrence Iverson and Associate Professor Sammy Zahran.

“Professor Barbier has had a long and distinguished career in environment, natural resource and development economics,” they wrote in their nomination. “He originated some of the earliest economic approaches to ‘sustainable development,’ publishing path-breaking work in this area in the 1980s. Professor Barbier’s continuing excellence of achievements and contribution places him among the top of his discipline: He is consistently ranked among the most highly cited environmental economists and among the top 5% of all economists by citations. He is also listed as one of the 50 most influential scholars on sustainability, according to Cambridge University’s Institute of Sustainable Leadership.”

Among his most recent accomplishments are a May 2018 Science article, “How to pay for saving biodiversity,” co-authored with CSU colleagues Joanne Burgess, assistant professor of economics, and Thomas Dean, a management professor. In January, he wrote an article titled “How to make the next Green New Deal work” for Nature, in which he commented on the recent proposal for a Green New Deal from Congresswoman Alexandria Ocasio-Cortez. His new book, The Water Paradox: Overcoming the Global Crisis in Water Management, was published by Yale University Press in February.

Barbier received his undergraduate degree in economics and political science from Yale University, his M.Sc. in economics from the London School of Economics and Political Science, and his Ph.D. in economics from the University of London. He joined CSU in 2017 from the University of Wyoming. Barbier received CSU’s 2018 Scholarship Impact Award.

Professor Stephan Weiler’s new REDI blog

Professor Stephan Weiler is on sabbatical this semester and has been visiting the University of Birmingham in the United Kingdom as a Fulbright Distinguished Research Chair. Weiler is working on furthering the partnership between REDI@CSU and City-REDI. He has been asked to write a series of blog posts introducing himself, explaining how this partnership was developed, and what his Fulbright Scholarship will entail for City-REDI, the West Midlands, and other evolving regions across around the globe.

You can find the first blog of the series here: https://blog.bham.ac.uk/cityredi/meet-professor-stephan-weiler-fulbright-distinguished-research-chair-at-the-university-of-birmingham/

Professor Dave Mushinski and Professor Sammy Zahran

New study published by Professors Zahran, Mushinski, and Li

A new study by Professors Sammy Zahran, Dave Mushinski, and Cher Li has found that the quantity of delivery complications in hospitals are substantially higher during nights, weekends and holidays, and in teaching hospitals. The study, “Clinical capital and the risk of maternal labor and delivery complications: Hospital scheduling, timing and cohort turnover effects,” was published in Risk Analysis: An International Journal. They analyzed more than 2 million cases from 2005 to 2010, using detailed data obtained from the Texas Department of State Health Services.

The results of the study suggest that:

  • The odds of a mother experiencing a delivery complication are 21.3 percent higher during the night shift, and the odds of a delivery complication increase 1.8 percent with every hour worked within a shift.
  • A mother delivering an infant on a weekend is 8.6 percent more likely to encounter a complication than a mother delivering on a weekday.
  • Births occurring on holidays are particularly susceptible to labor or delivery complications, with holiday births being 29 percent more likely to have a complication.

 

Read the SOURCE story here.

This story was picked up by the New York Times March 4th: https://www.nytimes.com/2019/03/04/well/family/hospital-pregnancy-childbirth-delivery-complications.html

Ed Barbier

Professor Ed Barbier weighs in on the cost of a Green New Deal

In a piece written by Professor Ed Barbier and published earlier this week (February 26, 2019) by The Conversation titled, “America can afford a Green New Deal – here’s how, Barbier argues that a Green New Deal is not unaffordable. Barbier provides expert insight on what a Green New Deal could cost and how the United States would pay for it.

The Conversation article can be found here: https://theconversation.com/america-can-afford-a-green-new-deal-heres-how-111681

Barbier also authored an article for Nature, International Journal for Science, in January 2019 titled “How to make the next Green New Deal work.” That write-up can be found here:  https://www.nature.com/articles/d41586-018-07845-5

 

Barbier’s latest book, The Water Paradox: Overcoming the Global Crisis in Water Management, is now available for purchase through Yale University Press and all other online booksellers.

Dr. Nancy Jianakoplos

Faculty Friday: Nancy Jianakoplos

In a special weekly series, the College of Liberal Arts is featuring a faculty member from one of our 13 departments. We asked questions about why they are passionate about the subjects they study and teach, and how they found their path to CSU.

Friday September 14th’s Faculty Friday article features our very own Professor and Undergraduate Coordinator Nancy Jianakoplos!

1. What inspired your interest in economics?

I like studying and teaching economics because it is an essential part of everyone’s life. Economics is everywhere! Learning about how an economy works and how policies might make an economy work better can contribute to making the world a better place. Much of my research in economics has focused on household wealth accumulation and saving for retirement. In particular, I have looked at how financial investment decisions can differ between men and women—if a wife earns more than a husband—or for different generations of households—Boomers versus Gen X, for example. Differences in financial decision making can produce differences in economic well-being. I care about economic well-being!

2. Which class is your favorite to teach and why?

I enjoy my senior seminar in sports economics (ECON 492) the most. I get to work closely with the seniors, many of whom are very interesting and intelligent young people with exciting ideas. Most of the students are interested in sports so they work really hard to get the economic and quantitative analysis in their senior projects right. It is very satisfying to watch students recognize the power of economic theory and quantitative methods to shed light on how the world works.

3. What did you want to be when you were little?

When I was 10 years old, I decided I wanted to be President of the United States. I wrote in all four of my college application essays that I wanted to be president and that I needed the best education possible to prepare me for the job. Therefore, I needed to be admitted to that college. I was accepted at three out of the four! In college, I learned that the Federal Reserve has almost as much impact on the world as a president, convincing me to change my major from political science to economics.

4. How did you get to CSU?

I was moving from Michigan to Colorado to be with my husband-to-be. I received job offers from the economics departments at Metro State in Denver and from Colorado State University. Metro paid more, but CSU had a football team. I came to CSU for the color and pageantry of college football.

5. What is one thing students would be surprised to learn about you?

I love the Teletubbies! I have over 500 Teletubbies in various sizes. Small versions of Tinky Winky, Dipsy, Laa Laa, and Po travel with me attached to my purse, briefcase, or backpack. I take pictures of Teletubbies wherever we go. The Teletubbies have been to Machu Picchu in Peru, the Great Barrier Reef in Australia, Anghor Wat in Cambodia, and beyond. They even have a brick at the new stadium!

Dr. Ray Miller

Welcome Assistant Professor Ray Miller to the Economics Department!

We welcome a new face to the Economics Department this year, Assistant Professor Ray Miller!
Dr. Miller received his doctorate in Economics from the University of Pittsburgh in 2015. From 2007-2010 he worked for the American Institutes for Research, a behavioral and social science research and evaluation organization in Washington DC. Prior to joining the faculty at CSU, Dr. Miller spent three years as a Postdoctoral Research Associate at the Harvard Center for Population and Development Studies and Research Fellow in the Program on the Global Demography of Aging at Harvard.
His research investigates the determinants and consequences of health disparities and social inequality. Research interests include the lasting impact of early health disparities, the welfare implications of health insurance, and the inequality of health and economic well-being among the elderly.
When asked about his teaching philosophy Dr. Miller replies, “My goal is to instill knowledge and curiosity within each of my students. This involves not only ensuring that core content is understood, but also creating a genuine passion to extend and connect material to a broader context. I also believe effective teaching often moves beyond instruction of individual courses and into a mentorship role. My mentors, both academic and professional, were instrumental throughout my career. This has led me to understand that teaching outside the classroom is just as important as inside the classroom. I encourage all students to make use of my office hours and email to help clarify concepts covered in class or to seek any other input about economics or academics more broadly.”
Dr. Miller is teaching two sections of ECON 204, Principles of Macroeconomics, this Fall semester.
We are thrilled to have Dr. Miller join our amazing team of faculty members!

Corporations need to step up to preserve the world’s biodiversity

Economics Department Professors Edward Barbier and Joanne Burgess co-authored an article with Professor Thomas Dean of the College of Business titled “How to pay for saving biodiversity” which was published in the prestigious journal Science on May 4, 2018.

They argue that to preserve the rich array of species around the world, corporations will need to engage and contribute financially as part of a global agreement. In the piece, they propose modeling the new global pact after the 2015 Paris Climate Change Agreement. But instead of focusing primarily on governmental entities as partners, they say corporations in industries that rely on biodiversity should invest in the effort as well.

The reason for that, they claim, is that governments don’t have the financial wherewithal to contribute the $100 billion a year that would be needed to protect the earth’s broad range of animal and plant species. Secondly, and perhaps more importantly, corporations in industries like seafood, insurance and forest products stand to significantly increase their profits by investing in the effort — and avoid financial losses that would necessarily come with irreversible declines in biodiversity.

“Let’s get the companies and non-state entities involved from the beginning, so that we can deal with the funding issue,” says Barbier, a world-renowned environmental economist who joined CSU last year. “It’s the good thing for their bottom line, and corporations are beginning to realize that. I think we’re at a turning point, but if we don’t act quickly, we’re going to lose much of the world’s remaining biodiversity.”

The authors say the 1992 Convention on Biological Diversity, one of the first international environmental agreements negotiated, has not done enough to reverse the decline of biological populations and diversity on land and in oceans. They add that neither has the Global Environmental Facility, which was created the same year for biodiversity conservation in developing countries. Those countries host the most biodiversity in part because so many of them have tropical climates.

Similarly, the CSU faculty write that the Aichi Biodiversity Targets that governments around the world have agreed to are seen as too modest because they call for conservation of only a small percentage of the habitats needed to save global biodiversity. Based on scientific recommendations, their proposed international agreement would preserve at least half of the world’s terrestrial, inland water, coastal and marine habitats by 2050.

“It is critical that the upcoming Convention on Biological Diversity in Egypt this November finds creative solutions to the current biodiversity conservation crisis,” Burgess says. “As our article discusses, establishing a Global Agreement for Biodiversity with expanded conservation and finance targets is required. Creating mechanisms for corporations to be part of the solution rather than part of the problem could help mobilize financial resources and create incentives to avert a catastrophic loss of biodiversity.”

Barbier and Dean met last year and began discussing the idea while serving together on a panel hosted by CSU’s Global Biodiversity Center, which is housed at the School of Global Environmental Sustainability. Barbier and Burgess, who are married, have been writing about corporate incentives for environmental stewardship for years.

According to projections in their article, the seafood industry stands to gain $53 billion annually from a $5 billion to $10 billion investment each year in a global agreement on biodiversity, while the insurance industry could see an additional $52 billion with a similar investment. By spending $15 to $30 billion annually, the forest products industry would attain its sustainable forest management goal. Companies that participate would also create new marketing opportunities such as certified labeling campaigns.

“This is where the right thing to do and the bottom line come together,” Barbier says. “And it’s fairly urgent. I don’t see the funding gap closing any other way.”

He notes that some industries have already seen corporations band together in sustainability agreements like the Seafood Business for Ocean Stewardship initiative.

“At its foundation, this article is arguing that corporations have a vested interest in the preservation of biodiversity, and that interest should lead them to support efforts to preserve our biosphere,” Dean said. “For too long we have viewed corporate and environmental interests as adversarial, when they need to become aligned if we are to be successful both economically and environmentally. What seems obvious to me is that corporations that depend on the health of our ecosystems are at risk of losing the foundations of their businesses in the long run. Growing awareness of this challenge will increasingly motivate corporations to engage.”

Their article continues to attract media attention internationally as can be seen in the June 28, 2018 publication “Scientists call for a Paris-style agreement to save life on Earth” on The Guardian’s website.