Margaret M. Blair ’89 PhD is the Sloan visiting professor at Georgetown University Law Center, research director of the Sloan-GULC Project on Business Institutions, and a senior fellow in the economic studies program at the Brookings Institution.

Lars Osberg ’75 PhD is McCulloch Professor of Economics at Dalhousie University in Halifax, Nova Scotia, where he researches labor, income distribution, and social policy. He was president of the Canadian Economics Association in 1999–2000.

Lisa M. Schineller ’93 PhD is associate director for sovereign ratings, Latin America, at Standard & Poor’s in New York City.

Michael Smitka ’89 PhD is professor of economics at Washington and Lee University, where he studies the automobile industry and Japanese economic history.

David Vail ’71 PhD is Adams-Catlin Professor of Economics and director of environmental studies at Bowdoin College, where he conducts research on ecotourism and sustainable rural development. He is writing a book provisionally titled Ending Corporate Welfare with Richard Barringer and Orlando DeLogu, and is the author of The Greening of Agricultural Policy in Industrial Society (Cornell, 1994).

Janet Yellen ’71 PhD was recently elected by alumni to serve as a member of the Yale Corporation; her six-year term began on July 1, 2000. She is professor of economics at UC Berkeley, the Eugene E. and Catherine M. Trefethen Professor of Business Administration at the Haas School of Business, and a former chief economic advisor to President Clinton. She gave a talk in the Graduate School’s Tercentennial Lecture Series on October 4, 2001.

Richard Elliot Benedick '56 MA, global change policy analyst at Pacific Northwest National Laboratory, was elected to the American Academy of Diplomacy in July 2002. An association of 100 former cabinet secretaries, ambassadors and statesmen who have made considerable contributions to American foreign policy, the academy is a non-profit and non-partisan organization focusing on programs designed to improve the quality of US diplomacy and build greater public understanding of its importance in the foreign policy process. Benedick is the only academy member to have been elected for his work in the environment and science fields rather than traditional foreign policy. He is currently based at Pacific Northwest National Lab's Joint Global Research Institute at the University of Maryland, College Park. Benedick is the author of the awardwinning book, Ozone Diplomacy (Harvard University Press, 1998), and many other publications on environment, development and science policy.

David S. C. Chu '64 BA, '72 PhD is undersecretary of defense for personnel and readiness. He is the defense secretary's senior policy adviser on recruitment, career development, and pay and benefits for 1.4 million active duty military personnel, 1.3 million National Guard and Reserve personnel and 680,000 Department of Defense civilian employees. This is Chu's second tenure at the Pentagon. From May 1981 to January 1993, he served as director and then assistant secretary of defense for program analysis and evaluation. In this position, he advised the secretary of defense on the future size and structure of the armed forces, their equipment, and their preparation for crisis or conflict.

Baez D. Gonzalo '58 MA is currently serving as a private economic adviser in Quito, Ecuador.

Thomas D. Hopkins '65 MS, '71 PhD is dean of the College of Business at Rochester Institute of Technology and president and CEO of the US Business School in Prague.

Marie-Henriette Lambert '61 MA is retired and living in Alsemberg, Belgium.

Richard Makadok '88 BA, '88 MA completed an MBA in 1991 and a PhD in 1994 from the Wharton School at the University of Pennsylvania. He is now associate professor at Emory University's Goizueta Business School. He specializes in strategic management, specifically the theory of how competitive advantages are created and sustained, and he has recently published a number of articles in Strategic Management Journal and Management Science.

John F. McDonald '71 PhD serves as senior associate dean for academic affairs and research and professor of economics and finance at the College of Business Administration at the University of Illinois at Chicago. His research focuses on urban economics and urban real estate, and his recent publications include Economics of Urban Highway Congestion and Pricing (1999) and Fundamentals of Urban Economics (1997). He is the US editor of Urban Studies, an international journal with main editorial offices at the University of Glasgow.

George Sadowsky '65 MA, '88 PhD serves as executive director of the Global Internet Policy Initiative (GIPI). The GIPI supports adoption in developing countries of the legal and policy framework for an open and democratic Internet. The project works with local stakeholders in consultative, coalition-based efforts to promote the principles of a decentralized, accessible, usercontrolled, and market-driven Internet.

David Sibley '73 PhD, is currently Deputy Assistant Attorney General for Economics at the Antitrust Division in the U.S. Department of Justice. He is on leave from the University of Texas at Austin, where he is the John Michael Stuart Professor of Economics. Prior to going to Texas, he was at Bell Laboratories and Bell Communications Research. His research has been mainly in the areas of regulation, antitrust and mechanism design, particularly in nonlinear pricing.

Mark Smith '99 PhD joined the US Department of Veterans' Affairs as a health economist. He works in Menlo Park, California, for the VA Palo Alto Health Care System and is affiliated with the Center for Primary Care and Outcomes Research and the Center for Health Policy at the Stanford University School of Medicine.

Daniel Weinberg '75 PhD was awarded the 2002 Roger Herriot Award for Innovation in Federal Statistics. The award, given jointly by the Washington Statistical Society and the American Statistical Association, was presented in honor of Mr. Weinberg's achievements in several areas, including poverty and income measurement, and occupational classification. He is chief of the Housing and Household Economic Statistics Division of the U.S. Census Bureau.

SUMMER 2004

Steven R. Ditmeyer ’65 CTR, ’65 MA is faculty chair in the Department of Transportation at the Industrial College of the Armed Forces, National Defense University, at Fort Lesley J. McNair in Washington, DC. He teaches courses in macroeconomics, microeconomics, and transportation to senior military officers and civil servants who receive the degree of Master of Science in National Resources Strategy at the end of a one-year course of study. Ditmeyer previously served as director of research and development at the Federal Railroad Administration, U.S. Department of Transportation.

Sadia Khan ’91 MA is executive director of the Security & Exchange Commission of Pakistan. After leaving Yale, she earned an MBA degree from INSEAD in France in 1995. She writes that she married Mohammad Ali Haleem in December 2002.

Thomas Palley ’90 PhD is chief economist at the US-China Economic and Security Review Commission in Washington, DC.

Elisenda Paluzie ’96 MA IDE is associate professor of economics at the Universitat de Barcelona, where her research is concerned with regional and urban economics, and new economic geography. She has published recently in the Journal of Economic Geography (2002), Regional Studies (2001), and Papers in Regional Science (2001). She earned her PhD in economics at the Universitat de Barcelona in 1999.

Charlotte D. Phelps ’61 PhD, professor emerita of economics at Temple University, received a Fulbright Senior Specialists grant in economics at the Max Planck Institute for Research in Economic Systems in 2003. She was the keynote speaker at the International in March 2003. Her research interests include behavioral economics and economic psychology.

William V. Rapp ’66 PhD is the H.J. Leir Professor of International Business at the New Jersey Institute of Technology. His recent book, Information Technology Strategies (Oxford, 2002), won a New Jersey Policy Research Organization Award in October 2003; it has also been translated into Japanese (Nikkei Publications). His current research interests include IT strategies, managing global advantage, and Japanese business.

Laura Souilla ’95 MA IDE is a senior analyst in energy markets in Buenos Aires, Argentina. She writes that her major fields of expertise are the structures and regulation of energy markets (electricity and natural gas), tariff designs and energy project appraisal. She is currently working at Energy Consulting Services S.A. (ECS SA).

FALL 2005

Richard Akresh ’04 PhD is an assistant professor in the economics department at the University of Illinois at Urbana Champaign. In March 2005 he was married to Ilana Redstone, and they have just bought a new house.

T. J. Anthony ’80 MA earned a JD from the University of Chicago in 1985. For five years he and his wife and son have been living in Tokyo, where he is a General Manager in the Treasury Division of Shinsei Bank (the former Long-term Credit Bank of Japan). His work focuses on strategic acquisitions and investments and capital markets transactions. He is active in the Tokyo Yale Club, whose president is Jim Brooke, the New York Times Bureau Chief.

Shweta Bagai ’01 MA IDE writes, "After three years at the Development Research Group of the World Bank in Washington DC, I moved to Mozambique for a few months. In addition to working on a Trade Integration Study, I became a certified scuba diver. I am currently back in India, where I am working on trade/investment policy issues with the Confederation of Indian Industry, an industrial lobby group. In particular, I have done substantial work on trade facilitation, including some World Bank publications."

Rene Benitez ’85 MA IDE has moved from Manila to Sydney to start up a financial advisory company and a property trust.

Hugo Benitez-Silva ’00 PhD is an assistant professor at SUNY-Stony Brook. He has recently received a five-year grant from the National Institute of Aging, and his most recent journal article appeared in the August 2005 issue of the Review of Economics and Statistics. In January of 2004 he and his wife Anna had a baby boy named Albert. He writes, "I remember with great appreciation my years at Yale. It was a real honor to have the chance to go there; it was the best decision of my life. I wish everyone from economics the best of luck, and I am always available to help."

Sanford Berg ’70 PhD is Distinguished Service Professor of Economics at the University of Florida. He was named the University Teacher-Scholar in 1998-99. After serving as Director of the Public Utility Research Center for several decades, he is now PURC Director of Water Studies. His research focuses on infrastructure issues, and his newest article (forthcoming) is "Regulation of State-Owned and Privatized Utilities: Ukraine Electricity Distribution Company Performance."

Michael Bernstein ’76 BA ’82 PhD has been appointed Dean of Arts and Humanities at the University of California at San Diego.

Stanley M. Besen ’64 PhD is a vice president at CRA International in Washington, DC, where he consults with companies in the telecommunications and information industries. He recently assisted Sprint and Nextel before the Antitrust Division of the Department of Justice and the Federal Communications Commission in connection with their recent merger. He is a member of the editorial board of Economics of Innovation and New Technology and has published articles on internet technology, cable television, and intellectual property.

Margaret Mendenhall Blair ’89 PhD has moved to Vanderbilt University Law School as full professor and was given tenure in the spring of 2005. She is the first non-lawyer that Vanderbilt has ever tenured with a primary appointment in the Law School. Her 2003 article, "Locking in Capital: What Corporate Law Achieved for Business Organizers in the Nineteenth Century," was named one of the ten best corporate law articles by Corporate Practice Commentator.

Roberts W. Brokaw III ’72BA/MA writes, "After nearly three decades of pursuing investment banking in New York City, the family and I retreated to Delaware. Although no longer doing corporate finance work as part of a major firm, I continue to consult for corporate clients and brokerage firms, and provide expert testimony in the context of major securities litigation. I can be reached at roberts.brokaw.sm.72@aya.yale.edu , with further information at http://home.comcast.net/~rbrokaw2/rbllc.html ."

Willa Cohen Bruckner ’76 MA has recently joined the New York office of Alston & Bird, a 700-attorney law firm based in Atlanta. Previously she was general counsel for a family office and fund of funds. At Alston & Bird she specializes in derivatives, hedge funds, and structured finance. She and her husband have two teenaged sons.

Jaime Campos ’79 MA IDE is executive director of the Argentine Entrepreneurial Association. He follows the main economic and social developments that occur in Argentina and designs policy suggestions in order to improve the local business environment.

Chian Choo ’03 MA IDE is currently part of the fixed income investment management team at the asset management arm of DBS Bank, one of the largest banking groups in the Asia-Pacific region. Last year he wrote a paper titled "How Can Singapore Remain Competitive in a Globalising World Economy?" and won the first prize in the 2003-04 MAS-ESS Essay Competition, jointly held by the Monetary Authority of Singapore and the Economic Society of Singapore. He presented this paper at the Singapore Economic Review Conference in summer 2005.

Kemal Ciliz ’94 MA IDE is currently a full professor in the electrical engineering department at Bogazici University in Istanbul. He is also the managing partner for Infonet Information Technologies Ltd., which specializes in information security services, and he is on the board of three different IT companies in Istanbul and various civil service organizations.

Renzo Comolli ’01 MPhil writes, "I just completed my dissertation for the PhD at Yale, and I am starting at NERA economic consulting. My job is to provide expert witness opinions in large securities-related litigation and mass tort."

Alissa DeJonge ’00 MA IDE is an economist at the Connecticut Economic Resource Center, a nonprofit organization that promotes economic development. She just completed an assessment of Connecticut’s capacity and trends relative to other states in areas of technology and innovation. Alissa is the First Vice President of the Hartford Area Business Economists and a member of the Board of Trustees of Mercy High School in Middletown.

Jesus Dominguez ’93 MA is working for IGN in Costa Mesa, California, an internet media and services company for video gaming and other forms of digital entertainment.

John J. Donohue ’86 PhD writes, "After nine years on the faculty of Stanford Law School, I returned to Yale last year as the Surbeck Professor of Law. My work on how the legalization of abortion led to a drop in crime in the 1990s was given a big catalyst by my coauthor Steve Levitt’s best-selling book Freakonomics. I spend most of my time trying to figure out the impact of various changes in law and public policy."

William H. Dow ’95 PhD moved last year from UNC Chapel Hill to UC Berkeley, where he is associate professor of health economics in the school of public health. This year he is on leave in Washington as senior economist at the Council of Economic Advisers.

Jason Draho ’01 PhD has written a book, The IPO Decision: Why and How Companies Go Public, which was published in June 2004. He recently started working for Morgan Stanley in New York.

Mark Foley ’98 PhD is an assistant professor in the economics department at Davidson College in North Carolina. He has recently been doing statistical consulting work for the Republic of Croatia, and he plans to go to Budapest for his next sabbatical.

Gaston Gelos ’98 PhD has recently moved to Uruguay for three years to be the resident representative of the IMF. His latest co-authored papers on international investor behavior are coming out in the Journal of International Economics and the Journal of Finance.

Robert Goldfarb ’68 PhD is professor of economics at George Washington University. He writes, "I have been working for a decade or so on topics in economic methodology, in particular on drawing inferences from empirical literatures that display conflicting results. One recent paper investigates the switch from the focus on functional distribution of income to size distribution of income, asking why the switch happened when it did, rather than much sooner. A second recent paper was about James Tobin. It was a special privilege to be able to collect stories about him from a sizable number of his former students, and publish a number of these stories. I am also working on a co-authored paper about the economics of dieting."

Bob Harlow ’66 PhD retired at the end of 2004 after 30 years in the International Affairs (OASIA) section of the Department of Treasury.

Thomas D. Hopkins ’71 PhD has completed seven years as dean of the College of Business at Rochester Institute of Technology and is returning in late October 2005 to his prior position as professor of economics in RIT’s College of Liberal Arts.

Paul Joskow ’72 PhD, professor of economics at MIT, is one of five alumni to receive the Yale Medal for 2005 from the Association of Yale Alumni. Professor Joskow served for 12 years as president of the University Council and was instrumental in reorganizing the council into a key advisory group to the president. He was also cited for his support of the ROME program, which provides Yale undergraduates with an opportunity to be involved in research projects in mathematics and economics. [Photograph at right]

Alfred E. Kahn ’42 PhD continues his long-time involvement with the regulation and deregulation of telecommunications. Recently he has written a book, Lessons from Deregulation: Telecommunications and Airlines after the Crunch, and an article, "Reforming the FCC and Its Mission: Lessons from the Airline Experience." He also delivered testimony before the Canadian Radio-Television and Telecommunications Commission, supporting a plan for identifying situations and market areas in which the industry can safely be deregulated. He is based in Ithaca, NY.

Tae-Dong Kim ’87 PhD is currently serving a four-year term as a member of the Monetary Policy Committee for the Bank of Korea.

Ivana Krajcinovic ’93 PhD is directing organizing campaigns at Indian casinos in California for UNITE HERE.

Raul A. Lacayo ’71 MA IDE, as president of the Nicaraguan Securities Exchange, is leading an effort in Nicaragua to expand that country’s capital markets legal framework. It is expected that by the end of September, the National Assembly will approve a law that will enable the development of mutual funds, asset securitization, and other institutional and supervisory changes. The new legal framework will promote greater insertion of the Exchange in regional and global financial markets, providing new sources of funds for the country’s economic activity.

Gioconda Naranjo Landerer ’02 MA IDE has left the Inter-American Development Bank Project at the Ministry of Foreign Trade and Tourism of Peru and now is working as advisor at the National Council of Competitiveness at the Prime Minister Bureau. She writes, "My current job is very exiting and I can tell that to be a competitive country, means a big effort. In this process every single institution of the country is involved. I feel a great satisfaction working improving the living conditions of Peruvians."

Andrew Lemon ’05 PhD writes, "I just graduated with my PhD from Yale in May and have been working in Cambridge, MA, for an economic consulting firm called Lexecon. I really enjoy my new job and am having fun exploring Boston."

Frank Levy ’69 PhD writes, "My research has been on the ways in which computerized work and offshoring are changing skill demands in the U.S. labor force. Last year, Dick Murnane ’74 PhD and I summarized a large piece of this work in The New Division of Labor: How Computers are Creating the Next Job Market. This spring, a graduate student and I did a paper for the Brookings Trade Forum showing that the much discussed offshore reading of U.S. radiology images by low wage foreign doctors is an urban legend. Some offshore reading exists, but the radiologists are all U.S. board-certified, a necessity for the firm to purchase malpractice insurance."

Jun Liu ’03 MA IDE is currently working at the World Bank in Washington, DC, as a junior professional associate providing internal support for budget and strategic staffing needs. In addition, he is completing a second master’s degree in finance at Johns Hopkins. He writes, "I feel really thankful for my Yale education. Because of my preparation in economics and finance at Yale, it is not difficult for me to digest the more advanced and specific knowledge in finance fields like modeling and testing."

John F. McDonald ’71 PhD served as interim dean of the College of Business Administration at the University of Illinois at Chicago from 2004 to 2005. He is now retired after 34 years of service as professor emeritus of economics and finance. A new version of his co-authored textbook, Urban Economics: Theory and Policy, is being published by Blackwell Publishers. He served as North American editor for Urban Studies from 2001 to 2005, and is now managing editor of the Journal of Real Estate Literature.

John Maluccio ’98 PhD has taken a position as assistant professor in the department of economics at Middlebury College, where he is affiliated with the Latin American Studies program. His current research focuses on the evaluation of anti-poverty programs and on the role of early childhood nutrition on human capital and adult economic productivity. He previously worked for eight years at the International Food Policy Research Institute.

Gaye B. Muderrisoglu ’00 MA IDE is currently a PhD candidate in political science at the University of Michigan and continuing work on her dissertation on international conflict.

Don Nichols ’62 BA, ’68 PhD writes, "I left New Haven in 1966, and I’ve been a faculty member in the economics department at the University of Wisconsin ever since. My last 15 years have been spent in various administrative assignments. I am now the director of Wisconsin’s Robert M. La Follette School of Public Affairs. The academic year 2005-06 will be my 40th, and last, year at the university."

Satoshi Ohuchi ’92 MA IDE is currently serving as Personal Secretary to Japan’s Senior Vice Minister of Finance.

Theodore Osgood ’54 MA, ’57 PhD is now retired and living at Kendal at Hanover, a retirement community situated on the Connecticut River two miles north of Dartmouth College. He writes, "I do keep my hand in economics by attending the occasional lecture at Dartmouth and by chairing the residents’ Financial Advisory Committee here in our community. I highly recommend Kendal to anyone seeking a lively retirement location in ski country."

Anthony Patrick ’77 MA IDE is a consulting economics editor in the Asia-Pacific region, based in Sydney and doing editing and training work for organizations including the Asian Development Bank in Manila and Dow Jones Newswires in Singapore and Hong Kong.

Liang Peng ’02 PhD has joined the Leeds School of Business at the University of Colorado at Boulder as an assistant professor of real estate in the department of finance.

Fred Pryor ’62 PhD recently published a monograph entitled Economic Systems of Foraging, Agricultural, and Industrial Societies, which uses a common theoretical apparatus to show how economic systems in any type of economy can be defined and analyzed. He is a senior research scholar at Swarthmore College.

Bill Rapp ’61 MA, ’66 PhD writes, "I continue to teach at the School of Management at the New Jersey Institute of Technology as the first Henry J. Leir Professor of International Business. Most of my courses are now taught on a distance-learning basis, and last year I completed a capstone course on Strategic Management that received one of the highest student ratings of any course in the university. My book, Information Technology Strategies, published by Oxford, won a New Jersey state prize and is now in its second printing. Interestingly, the Japanese version is now outselling the English version. I am always glad to hear from others that were at Yale when I was. You can access my publications and activities on my website, http://web.njit.edu/~rappw ."

George Sadowsky ’65 MA ’88 PhD writes, "Five years ago, I retired from New York University, where I was Director of Academic Computing for ten years. I took another position almost immediately, and now I’m nearing the end of an assignment as executive director of the Global Internet Policy Initiative. At its height, we had operations in 17 countries, working with citizens and governments to modify their legislation and regulatory practices to allow the Internet to spread faster and further. The subject has less appeal now, and the funding is drying up. While there are still projects in Afghanistan, Vietnam, India, Russia, Ukraine, and the ‘Stans’ of Central Asia, these will finish next year. I’ve become active in ICANN (Internet Corporation for Assigned Names and Numbers) and head their Nominating Committee this year. In addition, I’m involved in a proposal to extend high speed networking to the research and education communities of Senegal and Ghana. You can read more at www.georgesadowsky.com ."

Zaruhi Sahakyan ’01 MA IDE is a Ph.D. student in economics at the University of Illinois at Urbana-Champaign. Her research interests are in international trade and public economics.

Plutarchos Sakellaris ’92 PhD writes, "After 11 years at the University of Maryland, I left the department of economics there and joined the Athens University of Economics and Business as professor in 2002. In April 2004 I became the Chairman of the Council of Economic Advisers in Greece as well as Deputy to the Finance Minister in the ECOFIN Council of Ministers in the EU. I am enjoying my exposure to policy-making very much."

Gary Saxonhouse ’64 BA, ’71 PhD has been awarded a John Simon Guggenheim Memorial Fellowship for the 2005-06 academic year.

Hugh Schwartz ’67 PhD lives in Montevideo, Uruguay, where he teaches behavioral economics in the MA program in the Department of Economics, Faculty of Social Sciences, University of the Republic.

Al Shamash ’73 BA/MA earned a joint JD and MBA in 1977 from Stanford and then practiced law at a national law firm and at several corporations, including Unisys. He then studied economic development at Oxford, where he earned an M.Sc. in 1989. Since then, he has been a part-time teacher applying law and economics principles to various subjects, most recently health law, as adjunct associate professor at the University of New Hampshire. In his day job he is administrative law judge at the New Hampshire Board of Tax and Land Appeals, a tribunal that hears both tax appeals and eminent domain cases.

James Shapiro ’86 MPhil has started a new firm named Galileo Global Advisors, a boutique cross-border corporate advisory firm based in New York. You can learn more at www.galileoadvisors.com.

Geoff Shepherd ’63 PhD moved from Michigan to the University of Massachusetts in 1986. He was chair there from 1991 to 1994, retired in 2002, and moved to Washington, DC, in 2003. He is finishing a book entitled "Pioneers in Industrial Organization," about the main innovators in the field since the 1880s.

Donald Shoup ’61 BE, ’62 BA, ’68 PhD is professor in the Department of Urban Planning at the University of California, Los Angeles. He writes, "I have recently written a book, The High Cost of Free Parking, that owes a lot to what I learned as a student of Bill Brainard, William Fellner, Joe Peck, and Jim Tobin."

arlan M. Smith II ’89 PhD is professor of economics at the Lewis College of Business, Marshall University. In 2003-04 he was the winner of the "Outstanding and Innovative Teacher of the Year" award. He was recently appointed the school’s Coordinator of Assessment & Assurance of Learning Programs. His most recent article is "Evaluating the Written Work of Others: One Way Economics Students Can Learn to Write."

Jerome L. Stein ’55 PhD has been teaching in the applied mathematics department at Brown since 1997. He has authored a new book "Stochastic Optimal Control, International Finance and Debt Crises," to be published by Oxford University Press. The book synthesizes his work on equilibrium exchange rates, optimal debt, optimal endogenous growth and current account balances. The techniques are applied to explain the euro equilibrium exchange rate, the equilibrium exchange rate of the transition economies, the Asian debt crises, default and exchange rate crises and to evaluate the sustainability of US external debt and deficits. He writes, "I dedicated an article, which uses stochastic optimal control/dynamic programming to explain optimal debt, in memory of James Tobin. One reason is that I relate the dynamic programming inter-temporal optimization equations to Tobin’s Mean-Variance analysis, which Tobin developed when I was a graduate student."

Alan Sykes ’82 JD, ’87 PhD is on leave from the University of Chicago Law School, spending a year as a visiting professor at Stanford. His research continues to focus primarily on the law and economics of the WTO/GATT system.

Tom Synnott ’68 PhD writes, "Having retired from US Trust — except for occasional visits — I have been spending more time teaching. This fall I will teach a course in economic forecasting in the engineering school at Cooper Union. It is pleasing to be part of the Mechanical Engineering Department. Engineers really believe that there are definite answers to problems."

Kotaro Tamura ’96 MA IDE was reelected to the Japanese Senate last year. He was appointed a member of the Finance Committee and the Budget Committee.

Davis D. Thompson ’74 MPhil writes, "I’m still the head of the corporate department at Atkinson, Andelson, Loya, Ruud & Romo, a law corporation. Last year I became a member of the board of directors of the Pasadena Angels, an investor group that funds early stage companies. I have a son graduating from NYU Law and a daughter graduating from Cornell next year and another who just started the USC MBA program."

John Tilton ’65 PhD writes, "For the past several years I have been dividing my time between two schools. The first is the Colorado School of Mines, where this past May I stepped down as the William J. Coulter Professor of Mineral Economics and assumed an appointment as a research professor. The second is the Pontificia Universidad Cat6lica de Chile in Santiago, where I hold the Chair in Mineral Economics, and am helping establish new MS and PhD programs in that field. My research continues to focus on economic and policy issues associated with mining and metal markets. It is nice being in a country where copper and other metal industries are very important, and at a university with many of the best graduate students in Chile."

Pedro Trujillo ’98 MA IDE writes, "After my graduation from the IDE program I did an MBA at UNC, graduating in 2000. Since then, I have been working for Becton Dickinson in New Jersey in positions of increased responsibility. Most recently I was promoted to Controller for the Business Process Organization. On the personal side, my wife Maria Blanco (Yale MBA ‘99) and I are expecting a baby boy."

J. H. (Rip) Verkerke ’88MPhil, ’90 JD teaches at the University of Virginia School of Law. In April 2004, he presented a paper on "Legal Ignorance and Information-Forcing Rules" at the University of Utrecht. He will be teaching an intensive course on Behavioral Economic Analysis of Law at the University of Melbourne next spring. His current research project, "New Directions for Research on Employee Churning," analyzes the implications of asymmetric information and employee turnover for legal policy.

Charan Wadhva ’69 PhD will be rejoining the Centre for Policy Research in New Delhi, India, as professor emeritus beginning in fall 2005.

Juliana Wang ’04 MA IDE is currently a second-year doctoral student at the Yale School of Forestry and Environmental Studies. Her specialization is energy economics, and she is interested in looking at energy policy in the context of climate change from a real option perspective.

Roy Wehrle ’56 MA IDE, ’59 PhD is professor emeritus at the University of Illinois at Springfield. He writes, "I am teaching and writing on globalization from the point of view that increasingly the world is dealing with problems related to global commons or public goods. Internationally we are neither mentally nor organizationally prepared to deal with these transnational problems."

Sidney Weintraub ’58 MA IDE holds the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies in Washington, DC. Until about a year ago, he also directed CSIS’s Americas Program, which includes Latin America, the Caribbean, and Canada. He has been with CSIS for about 10 years, after retiring from the University of Texas in Austin, where he held the Dean Rusk Chair for International Affairs in the Lyndon B. Johnson School of Public Affairs.

John Wells ’78 PhD is chief economist at the U.S. Department of Transportation. He works on congestion pricing for transportation infrastructure, possibilities for private-sector financing of transportation infrastructure, and better understanding the positive and negative impacts of transportation infrastructure investment on the economy. He writes, "We have a modest contract research budget (about $800,000 to $1 million per year), so we encourage economists doing work in transportation economics to send us their ideas on how we should spend it!"

Ann-Margret Westin ’94 PhD writes, "I have taken up a new position as the resident representative for the International Monetary Fund in Albania. I have been with the Fund since 1993, but then mainly in Washington. This month, I moved to Tirana, where for three years I will act as the interlocutor between the authorities here in Albania (mainly the Central Bank and the Ministry of Finance but also other counterparts) and the IMF in Washington. I’m getting married in Sweden on September 10."

Edward Wolff ’74 PhD is professor of economics at New York University and a senior scholar at the Levy Economics Institute of Bard College. He is also a Research Associate at the National Bureau of Economic Research. His specialties are productivity growth and income and wealth distribution. He is the author or co-author of nine books, the most recent being Downsizing in America: Reality, Causes, and Consequences (2003) and Retirement Income: The Crucial Role of Social Security (2005).

Richard D. Wolff ’69 PhD is professor of economics at the University of Massachusetts. He has recently published a book entitled Class Theory and History, co-authored with former Yale professor Stephen Resnick. The book analyzes the rise and fall of the Soviet Union using Marxist class analytics. First published in 2002, the book has now been translated and published in Portugal, Greece, and South Korea. More translations are in the works and both Wolff and Resnick frequently speak at academic meetings about the book.

Julie Zantke ’96 MPhil is living in Hamburg, Germany, married with two children, Otto, 3 1/2 and Marta, 1 1/2. Her husband is taking parental leave and she is working as the head of controlling, accounting and risk management for HypoVereinsbank Leasing.

FALL 2006

Karen Blinder Akerhielm ’93 PhD lives in Greenville, South Carolina, with her husband Jim and their two children, Nathan (8) and Emma (6). She is teaching part time at Furman University and working with the Greenville school district and community groups on high-school reform and improving graduation rates, as well as on an economic-impact study of school construction projects.

Edmar Bacha ’68 PhD writes from Rio de Janeiro, "I’m a member of a think tank here. Together with Ernesto Zedillo, I’m a member of the World Bank Commission on Growth and Development, chaired by Mike Spence, which is due to present a policy report on growth by September 2007. I’m also writing a paper on emerging economies’ systemic risks, financial dollarization, and real peso interest rates—part of a broader project trying to understand why real interest rates are so high in Brazil."

David Barkin ’66 PhD has been a professor of economics at the Xochimilco campus of the Universidad Autónoma Metropolitana in México City since its founding in 1975. In 1979 he was awarded the National Prize in Political Economics for his analysis of inflation in Mexico. He is a member of the Mexican Academy of Sciences and of the National Research Council. In 2005, the University of Guadalajara honored him with recognition for lifetime achievement in the advancement of knowledge and the training of researchers in social sciences.

Rene Benitez ’85 MA IDE has retired as president of Amalgamated Investment Bancorporation in Manila and moved to Sydney, Australia. He currently serves as a professional non-executive director on various boards of Asian and Australian companies.

Ryan Bubb ’05 MA is now working on his PhD at Harvard, focusing on development and institutions. His current research includes a randomized field experiment in India that varies enforcement institutions for farmers and looks at effects on bargaining over water sales.

John Campbell ’84 PhD was president of the American Finance Association in 2005, delivering the 2006 presidential address, "Household Finance." He was named a Harvard College Professor for a five-year term starting in 2006. This award honors teaching, especially undergraduate teaching. For the last two years he has served on the board of the Harvard Management Company, the organization that manages the investment of Harvard’s endowment. He also continues to work with the asset management company he helped found in 1999, Arrowstreet Capital.

Clóvis Cavalcanti ’65 MA is a senior researcher at the Joaquim Nabuco Foundation, a research organization, in Recife, Brazil. He writes, "I am currently organizing a national seminar on environmental governance. The idea is to discuss how economic development can be conceived within the framework of processes, institutions, rules, legislation, and so forth aimed at maintaining fundamental ecosystem functions."

Sergio Claure ’87 MA IDE writes, "At present, I am chief of party (project manager) for a regional program of technical assistance in the water sector to the governments of Georgia, Armenia and Azerbaijan (all ex-Soviet countries, plenty of oil), based in Georgia’s capital, Tbilisi. This is a program funded by the United States Agency for International Development. The agency has commissioned PA Consulting Group to implement the program, and I am a managing consultant on behalf of PA."

Michelle Connolly ’90 BA, ’96 PhD has recently started a one-year position as the chief economist for the Federal Communications Commission.

Peter Davis ’99 PhD is the new deputy chairman of the Competition Commission, an independent public body in the UK that conducts in-depth inquiries into mergers, markets, and the regulation of the major regulated industries. Davis is a lecturer at the London School of Economics. He is also co-director of the Economics of Industry Program at the Suntory Toyota International Centre for Research in Economics at the LSE.

Alissa DeJonge ’00 MA IDE has been named president of the Hartford Area Business Economists for 2006-2007. As an economist at the Connecticut Economic Resource Center, she performs research and analysis concerning state and regional issues.

Edwin G. Dolan ’69 PhD writes, "This fall I am teaching courses in the EMBA and undergraduate programs at the Stockholm School of Economics in Riga, Latvia, where I have been a visitor each fall for the past eight years. After that, I will move on to the University of Economics in Prague for courses in international economics and public policy. During the winter I plan to spend some time at home in the San Juan Islands of Washington State working on the latest edition of my long-running principles-of economics text."

John Donohue ’86 PhD, the Surbeck Professor of Law at Yale, writes, "Some of the main events of the last year were that Justin Wolfers (Wharton) and I published a piece, ‘Uses and Abuses of Empirical Evidence in the Death Penalty Debate,’ in Stanford Law Review 58 (2005), and I delivered the Rosenthal Lectures, entitled ‘Landmines and Goldmines: Why It’s Hard to Find Truth and Easy To Peddle Falsehood in Empirical Evaluation of Law and Policy,’ at Northwestern Law School."

Will Dow ’95 PhD was a senior economist at the White House Council of Economic Advisers in 2005-2006. He is now back at UC Berkeley, where he is an associate professor of health economics.

Steven Felgran ’82 PhD is a partner with the economic and valuation services group of KPMG and specializes in intercompany pricing policy and dispute resolution. He lives in Brookline, Massachusetts, with his wife, Hilary Macht, and their two sons.

Mark Foley ’98 PhD will be on sabbatical in Budapest on a Fulbright grant during the spring semester of 2007. He is an assistant professor of economics at Davidson College in North Carolina.

Federico Galizia ’98 PhD lives in Luxembourg and is the adviser to the president of the European Investment Bank (EIB), the long-term lending institution of the European Union. At the EIB since 1999, he has developed the Bank’s credit portfolio model and an array of rating and pricing methodologies for long-term loans and project finance. He writes that whenever his wife Catalina and his children Federico Jose and Nora Francesca give him permission, he teaches as an adjunct professor in the MBA program of the John F. Welch College of Business, Sacred Heart University, which has a campus in Luxembourg.

Carl Gambs ’72 PhD has retired from the Federal Reserve Bank of Kansas City with 29 years of service. He and his wife, Bonnie, recently returned to the Denver area, where he anticipates doing a bit of consulting and/or teaching.

Gaston Gelos ’98 PhD continues to serve as the IMF’s resident representative in Uruguay.

Allen Goodman ’76 PhD is professor of economics at Wayne State University in Detroit, with long-term interests in housing and urban economics. The fifth edition of his text, The Economics of Health and Health Care, co-authored with Sherman Folland and Miron Stano, was published in July 2006, and he was recently appointed to a four-year term on the Health Services Research Subcommittee of the National Institute on Drug Abuse.

Herbert. G. Grubel ’63 PhD writes, "I was saddened to learn from the Fall ’05 newsletter that Lloyd Reynolds and John-Michael Montias have died. Except for the ageless Gustav Ranis, they were the last of the golden-age faculty who had taught and inspired my contemporaries and me. While I appreciate my title of emeritus professor at Simon Fraser University (since turning 65 in 1999), I really value my position as a senior fellow with the Fraser Institute in Vancouver. Recently I have attended three conferences in China, once coming back with a silver medal in competitive international tennis for oldies and an honorary professorship at the Mundell University of Entrepreneurship in Beijing. I also organized a conference on regional monetary integration at the Institute for World Economics in Kiel recently and am in the process of organizing a conference inspired by my Fraser publication ‘Immigration and the Welfare State in Canada: Growing Conflicts, Constructive Solutions.’ In it I estimated the cost of universal access to social benefits combined with low average immigrants’ incomes in the face of progressive personal income tax rates. The results cry out for some changes in current policies for the admission of immigrants."

Darin C. Gunesekera ’73 MPhil writes from Colombo, Sri Lanka, "after preliminary jobs, I had a career as a government employee. I set up stock exchanges and related programs that gave poor people free shares and free capital. Then I married and went back to a student fellowship, we had a child, and I started again at an entry level in government, in a program to give people free new houses for old homes. Four thousand people profitably traded roofing-sheet shacks for units in the largest modern apartment complex in the country. This has led to a second career as a ‘social entrepreneur,’ as founder and director of the Wiros Lokh Institute in Sri Lanka. I have written a couple of hundred pages of national statutes also. But no math models, metrics, et al, though I feel I am a fulfilled economist."

James Hanson ’61 BA, ’67 PhD writes, "I have retired from the World Bank but through my consulting firm, jhansonecon, I am still doing some work for the Bank, for example leading financial-sector assessments on Uruguay and Turkey. I continue to work on banking, financial crises, and domestic and foreign debt issues, following up the book Financial Crises: Lessons from the Past, Preparation for the Future that I co-edited last year with Jerry Caprio and Robert Litan (’77 JD, ’87 PhD)."

Donald Hester ’57 BA, ’61 PhD writes, "I became an emeritus professor at the University of Wisconsin at Madison in 2000 but continue to work daily in my office. Since retiring I have co-authored one book on Italian banks and finished several papers. I am working on a second book on US banks and monetary policy. My wife and I have been doing quite a bit of touring in recent years, and I taught and lectured for about ten weeks in Italy in 2004."

Wai Luen Terence Ho ’00 MA IDE writes, "I’m working in the Singapore civil service, currently as assistant director for higher education in the Ministry of Education. I got married in July this year."

Hal Hochman ’57 BA, ’65 PhD writes, "I retired from Lafayette College (Easton, PA), where I had been William E. Simon Professor of Political Economy, in 2003. I had moved to Lafayette in 1992, after seventeen years at Baruch College and the Graduate Center of the City University of New York, perhaps in the hope that teaching undergraduates, for a change, might keep me young. In 2002 Edward Elgar published Economic Behavior and Distributional Choice: Selected Writings of Harold M. Hochman, which includes a ‘Pareto Optimal Redistribution’ (with James D. Rodgers, 1969) and other papers on a variety of topics, including charitable giving, utility interdependence, and addictive behavior. My wife Kappie (librarian at Cowles from 1960-62) and I divide our time between an apartment in Manhattan and our house in Sunapee, New Hampshire."

Tom Hopkins ’71 PhD writes "I’ve reassumed my position as professor of economics at Rochester Institute of Technology in New York, after completing seven years as both dean of RIT’s College of Business and president of the US Business School in Prague."

Gustavo Ioschpe ’02 MA IDE writes, "The research that I started on the economics of education while at Yale was published in Brazil in 2004, titled A Ignorância Custa um Mundo — O Valor da Educacão no Desenvolvimento do Brasil (something like ‘Ignorance Costs the World — The Value of Education for Brazil’s Development’) and last year was awarded Brazil’s most prestigious literary award, called Jabuti. Partly as a result of the book and the award, I am now a columnist for Veja, Latin America’s largest magazine. I am now doing research on the impact of recent advances in evolutionary psychology on the design of a post-Marxist leftist political economy. I’m writing this one in English as well as Portuguese. Should be ready some time next year."

Eiichi Isozaki ’97 MA IDE writes, "Last November I set up a Singapore office to cover Asia business for a London-based hedge fund, Argo Capital Management. We have nearly $1 billion under management, with our main focus on emerging markets. Our funds started with debt trading six years ago and just now successfully launched a third fund with private equity investments. Cheers!"

Takahiro Kawase ’70 MA IDE writes, "I worked at the Bank of Japan for a long time and am now president of the Government Pension Investment Fund. I recall the Yale campus when I meet visitors from Connecticut."

Jinill Kim ’96 PhD works in the Division of Monetary Affairs of the Federal Reserve Board. He was awarded the 2005 Young Scholar Award from the Korea-America Economic Association at the 2006 AEA meeting in Boston.

Titus Lee ’06 MA IDE writes, "After graduation, I returned home to Singapore to complete my military service. I’m currently working at the Ministry of Defence’s Human Resource Transformation Office, where I’m putting my writing and presentation skills to (good) use. I’ve pretty much adjusted to life back here in Singapore, but I miss my professors and friends at Yale, and I hope they are doing well."

Doug Leslie ’98 PhD writes, "I was recently promoted to associate professor in the Yale School of Medicine and was awarded a grant from the National Institute of Mental Health to study patterns of health-care service use and costs among individuals with autism-spectrum disorders."

Frank Levy ’69 PhD, the Rose Professor of Urban Economics at MIT, writes, "I have recently written on the offshoring of radiology images to India, a much discussed story that is largely an urban legend. I am currently writing a paper on income inequality with Peter Temin that shows how standard skill-based explanations are part of a larger picture in which institutions play a significant role."

Jonathan D. Levy ’81 PhD is the deputy chief economist at the Federal Communications Commission in Washington, DC, where he has spent most of his professional career. His primary interests are in media policy.

Joanne Lim ’03 MA IDE was recently seconded to Ernst and Young in Shanghai to gain private-sector perspective in the area of customs and trade, after three fulfilling years of international policy work with the Singapore Economic Development Board. In her current position as an assistant manager with the customs and international trade practice, she is excited by the myriad cross-border issues that businesses face in China. While she misses the exhilaration and intensity of being at trade negotiations around the world, she is making up for it by immersing herself in China — eating braised duck’s tongues and exploring remote Xinjiang.

Victor Lippit ’71 PhD is a professor at UC Riverside. His most recent book, Capitalism, was published in 2005 by Routledge in its Frontiers of Political Economy series.

Ying Lowrey ’85 MA writes, "I have been persistently trying to bring discussions of the ‘Economics of Entrepreneurship’ to contemporary mainstream economic literature. With the strong support of the Kauffman Foundation, I organized three sessions on this topic at the 2006 AEA. Under the leadership of William Baumol, the Journal of Economic Literature has established the new classification ‘L26’ for entrepreneurship. This change implies clear recognition and further inclusion of entrepreneurial research among mainstream economists." Lowrey teaches at San Diego State University.

Aaron Maniam ’02 MA IDE tool up a diplomatic posting with the Singapore Embassy in Washington, DC, in May 2006. He covers issues relating to US-Singapore bilateral relations, US foreign policy in the Middle East, and global energy security and also coordinates the Embassy’s links with both houses of Congress. Outside of work he published his first collection of poetry, Morning at Memory’s Border, in 2005. The book was one of three shortlisted for the biannual Singapore Literature Prize in 2006.

Bernie Markstein ’81 PhD is director of forecasting and senior economist for the National Association of Home Builders located in Washington, DC. He joined the NAHB in November 2004.

Julie Matthaei ’78 PhD writes, "I’m still teaching at Wellesley College, working on a book on the transcendence of race, gender, and class polarization and a project on growing the green/solidarity/socially responsible economy through local festivals. I would love to hear from other alums interested in or knowledgeable about the green economy."

Matthew Meade ’75 MA, a professor at the College of Staten Island, CUNY, is on sabbatical in Brazil. He is studying Brazilian Portuguese, history, and culture at UFBA, the Federal University of Bahia, and researching economic structures of the quilombolos and the Movimento Sem Terra. Additionally, he plans to open a hospitality and cultural/ educational center in Salvador, Bahia-Brazil.

Guillermo Mendoza ’85 MA IDE is currently working in Venezuela as CEO of a major wholesale organization and working towards a Certificate of Financial Planning from Boston University. For the last ten years he has also taught international and corporate finance.

Richard Miller ’62 PhD writes, "The only news: I retired on June 30, after 46 years on the Wesleyan payroll."

Jennifer Murdock ’02 PhD and Ettore Damiano ’00 PhD were married in Matera, Italy, on August 10. "We were in the same incoming class in 1995," she writes. "I guess it all started in B8...." They both teach at the University of Toronto.

Kefentse Mzwinila ’99 MA IDE, ’99 MS Psychology writes, "After graduating I returned to Botswana. I spent a couple of years in the Botswana Defence Force as an officer and headed the psychology department in the Force. I left the military, started my own consulting company, and actively got involved in politics. In July 2006 I was elected as the National Youth Chairman of the Botswana Democratic Party (BDP). The BDP has been Botswana’s ruling party since independence from Britain in 1966 and has won every democratic election. The BDP youth wing has more than 100,000 official members, and the leader of the youth wing is a member of the eighteen-person BDP Central Committee that leads the party and is chaired by the BDP President (who is also the President of Botswana)."

Philip Nelson ’80 PhD writes, "After leaving New Haven in 1978, I moved to Washington, DC. I worked at the Federal Trade Commission, becoming assistant director for competition policy (which meant I supervised many of the FTC economists who worked on antitrust cases). I left the FTC in 1987 to join Economists Incorporated, where I am a principal. Much of my work as a consultant has involved mergers. I’ve also worked on monopolization cases, dumping matters, tax disputes, and various types of damage cases. I taught an antitrust seminar at Fordham Law School for several years. Much of my research relates to antitrust issues, such as competitive strategies and market definition. However, I have published two books on other issues: Corporations in Crisis: Behavioral Observations for Bankruptcy Policy and U.S. International Competitiveness (with John Hilke). I’m married to Anne Parten (’83 PhD English) and have three children, Robert, Thomas, and Catherine. We live in Alexandria, Virginia."

Kiyohiko G. Nishimura ’82 PhD writes, "In March 2005, I was nominated by Prime Minister Koizumi and approved by the two houses of the Diet to be a member of the Bank of Japan’s nine-member policy board for the term of five years. This post is equivalent to that of a governor of the Fed. At the same time, I resigned from the Executive Research Fellowship of the cabinet office of the government of Japan and from professorship at the University of Tokyo, following official rules to guarantee the independence of the Bank of Japan. I remain a no-pay no-obligation advisor to the Manufacturing Management Research Center of the Faculty of Economics, University of Tokyo."

John E. Perkins ’75 MPhil writes, "I’m director of corporate finance for Con Edison and treasurer of Orange & Rockland Utilities, one of Con Edison’s subsidiaries. We just had our most active financing day on September 21, selling $400 million of debt and $450 million in common stock on the same day. On a personal note, my wife Michele has, after several years of running her own consulting firm, turned to writing fiction. She has almost finished writing her first novel. Our daughter has just entered Syracuse as a freshman."

Pierre Pestieau ’72 PhD is professor of economics at the University of Liège in Belgium. His most recent books are The Welfare State in the European Union (Oxford, 2005) and Social Security and Retirement, with Robert Fenge (MIT, 2005). His current research topics include social security, estate taxation, and the efficiency of the public sector.

Daniel Piazolo ’95 MA IDE was appointed managing director of DID Deutsche Immobilien Datenbank in Wiesbaden in October 2005; he is responsible for overall management and strategic direction. DID is a property-investment advice and research company and a partner of the London-based IPD Investment Property Databank and publishes the Deutsche Immobilien Index DIX, the established performance index for the German property market.

Marco Pistagnesi ’05 MA works in London with NERA Economic Consulting.

Fred Pryor ’62 PhD writes, "Although retired, I have continued research and recently published a book, Economic Systems of Foraging, Agricultural, and Industrial Societies (Cambridge, 2005)." He is a senior research scholar at Swarthmore College.

Bill Rapp ’66 PhD writes, "one of my former students and I just had an article published in the Asian Business and Management Journal 5 (2006) on ‘Japanese Mini-Banks: Retail Banking Services through Convenience Stores.’ A colleague, a student, and I also had an article published in E-Business Review VI on ‘Dendrite’s Entry Into Central & East European Markets.’ So while I am still occupying the H.J. Leir Chair in International Business at the New Jersey Institute of Technology’s School of Management, I try to keep busy. Current research is focused on Toyota’s medium- and long-term global strategy for expanding its hybrid technology and the globalization of major US law firms. Finally, I have very recently increased my Yale connection, since my son-in-law has just started his residency in general surgery at Yale."

Gene Schaerr ’85 JD, ’85 MA Economics, ’86 MPhil Psychology writes, "After graduation, I decided to pursue a career in law rather than economics. But my economics training has proven useful, as I’ve had many opportunities to explain economic concepts and their implications to judges, including (frequently) the Justices of the Supreme Court. I now serve as the chair of the nationwide appellate practice of a large international law firm, Winston & Strawn."

James H. Schulz ’66 PhD is emeritus professor of economics at Brandeis. His newest book, Aging Nation: the Economics and Politics of Growing Old in America (Praeger), with co-author Robert Binstock of Case University, has just been published.

David Schwartz ’95 JD, ’96 MPhil writes, "Things are going well for me. My wife and I have three terrific kids, I recently became a partner in the antitrust department at the law firm of Wachtell, Lipton, Rosen & Katz in New York City, and I was elected a fellow of the American Bar Foundation."

Harlan M. Smith II ’82 MA International Relations, ’89 PhD teaches at Marshall University in Huntington, West Virginia, where he was the co-recipient of the Lewis College of Business Outstanding Service Award for 2005-2006. He is the only faculty member at Marshall who has been named, over the years, as the college’s Outstanding Non-Tenured Professor, Outstanding Researcher, Outstanding Teacher (twice), and Outstanding Service Award winner.

Vanessa Spence ’85 MA IDE lives in Jamaica and works as a freelance project analyst. Her last job was setting up the projects department for a government agency that distributes lottery taxes as cash grants to the arts, education, and health. She has published one article on her work on "Privatization and Employee Ownership in Jamaica" in The Caribbean: New Dynamics in Trade and Political Economy, ed. Antony T. Bryan (Miami, 1995). She has also published two short stories and a novel, The Roads Are Down (Heinemann, 1993), which won a Commonwealth Writers Prize for Best First Novel in Canada and the Caribbean in 1994.

Robert Stoddard ’90 MPhil is a vice president in the energy and environment practice of CRA International (formerly Charles River Associates). His work is focused on designing and implementing energy markets; in particular, this past year he worked closely on the development of markets to assure resource adequacy in New England and the Mid-Atlantic states. He and his wife, Elizabeth, and their children Philippa and Owen live in Boston.

Jim Stodder ’90 PhD writes, "In June I was invited by the Central Bank of Brazil to present a paper on ‘complementary currency’ systems as counter-cyclical and a means of ‘banking the poor.’ This is my research on Switzerland’s WIR-Bank and its seventy-year-old currency complementary to the Swiss franc. Previous versions have seen minor publication, but I will soon submit a major empirical study." He is a clinical associate professor in the Lally School of Management and Technology of Rensselaer at Hartford.

Paul Sullivan ’86 PhD has been a professor of economics at the National Defense University since July 1999. He recently gave a talk titled "An Islamic Law of War" to a large audience of high-level US officials. He will soon join the board of governors of a major initiative to teach the American public about the Islamic world.

Tom Synnott ’68 PhD writes, "I am again teaching a course in economic forecasting at the Cooper Union Engineering School. Currently I am writing a paper on the Great Inflation, 1960-1981, partly because so many people seem to have forgotten (or never knew) how disruptive it was. My oldest students were born in 1985."

Evelyn Tan ’06 MA IDE is currently an associate with the Singapore office of the Boston Consulting Group.

Tatiana Moroz Terdal ’98 MA IDE currently works as an economic development consultant and has recently participated in the cluster engagement project in Kazakhstan. Tatiana and her husband Paul Terdal took part in the events of the Orange Revolution in Ukraine and are looking forward to the publication of their observations from election monitoring and site visits to eleven polling stations during the third round of the presidential elections. On the personal front, they have just celebrated the first birthday of their first child, Lukyan Anders Terdal, named after the Ukrainian and Norwegian sides of the family.

Ted Truman ’67 PhD writes, "I have continued at the Peterson Institute for International Economics (IIE) in Washington, DC. I have completed a conference and two publications on IMF reform following on my 2004 study of the fight against money laundering, Chasing Dirty Money, co-authored with Peter Reuter (’80 PhD), an IIE bestseller in 2005. Currently Tracy and I are living in Hillsdale, New York, for the fall term, and I have returned to part-time teaching — a seminar in international monetary economics at Amherst."

Patrick Waelbroeck ’96 MA took a position as associate professor at the École Nationale Supérieure des Télécommunications Paris, the leading "Grand École" of telecommunications engineering in France, earlier this year. He organized an international conference on the economics of information and communication in June and plans another next year.

William Watson ’80 PhD has been chair of the department of economics at McGill University in Montreal since June 2005.

Ann-Margaret Westin ’94 PhD writes, "Since August 2005, I have been working in Albania as the resident representative of the International Monetary Fund. In 2004 I adopted a boy from Russia, and in 2005 I got married — the entire family is now living here in Tirana and we’ll stay another two years."

Johanna Wickstrom ’03 MA IDE writes, "Since the beginning of the year, I have worked as a regional economist for the Swedish International Development Cooperation Agency in Ouagadougou, Burkina Faso."

J. Edgar Williams ’63 MA IDE writes, "After retiring from the Foreign Service 25 years ago (after a career of 27 years), I moved back to my home state of North Carolina. Not long after settling in the Chapel Hill area, I founded an organization, now known as the Carolina Friends of the Foreign Service, which is still thriving and growing. It consists of former members of all the US foreign affairs agencies, plus other people who have a strong interest in foreign affairs (e.g. former UN people, business people who served abroad, former military attaches, etc.). We meet quarterly, and three of those meetings are luncheons at which we have outstanding speakers. In addition, I am the secretary of the board of directors of American Diplomacy Publishers Inc., which publishes an on-line journal dedicated to American foreign policy and foreign affairs in general. We have just celebrated our tenth anniversary with a well-attended panel discussion, including Congressman David Price (’64 BD, ’69 PhD Political Science), in Raleigh. When we first began publication, we were one of the VERY few serious on-line journals (peer-reviewed) of any kind, and, so far as I am aware, the only one focusing on foreign affairs and diplomacy."

Edward Wolff ’74 PhD is a professor of economics at New York University, a senior scholar at the Levy Economics Institute of Bard College, a research associate at the National Bureau of Economic Research, and a newly elected council member of the International Association for Research in Income and Wealth. His latest book is Does Education Really Help? Skill, Work, and Inequality (Oxford, 2006).

WINTER 2008

T.J. Anthony ’80 MA writes, "My wife, Connie, our 4 1/2-year-old son Jack, and I live in Greenwich, Connecticut, where I work as chief legal officer for Paloma Securities, a broker-dealer with a global securities lending and financing business. I joined the company in January 2007 after seven years in Tokyo with Lehman Brothers and Shinsei Bank."

Aleksander Askeland ’02 MA is currently working as a management consultant for The Boston Consulting Group in Oslo, Norway.

Hugo Benitez-Silva ’00 PhD writes, "I have been promoted to associate professor with tenure in the economics department at SUNY Stony Brook, and I will spend my sabbatical during the spring and summer of 2008 at the IAE and UPF in Barcelona. I also wanted to report that one of my undergraduate advisees, Adam Osman, was accepted into the PhD program in economics at Yale and started there this fall."

Sanford V. Berg ’70 PhD is Distinguished Service Professor in Economics at the University of Florida. Instead of retiring, he passed the directorship of the Public Utility Research Center to a colleague and is happily engaged in more research and outreach activities (and less administration). His recent work has focused on benchmarking infrastructure utilities, with articles appearing in Water Policy, Public Administration and Development, and the Journal of Regulatory Economics.

Michael A. Bernstein ’76 BA, ’82 PhD was recently (July 2007) appointed provost and senior vice-president for academic affairs of Tulane University, where he is also a professor of history.

Stanley W. Black ’65 PhD writes, "Although I have ‘semi-retired’ from the University of North Carolina economics department, I remain actively teaching grads and undergrads and producing PhDs. Also, I was recently honored by former students and colleagues with a special issue of the Review of Financial Economics."

Melissa Burns ’78 MA IDE is serving her second three-year term as a member of the Board of Directors of the Yale Alumni Fund.

Aaron Chalfin ’04 MA IDE is currently a research associate in the Urban Institute’s Justice Policy Center in Washington, DC. His research focuses on the economics of crime and on evaluating publicly funded criminal justice interventions.

Sergio Claure ’87 MA IDE writes, "I continue working with the governments of Armenia, Azerbaijan, and Georgia as Chief of Party of the South Caucasus Water Program, helping rebuild the tools and scientific capacity necessary to undertake Transboundary Integrated Water Resources Management in the Kura-Aras river basin. Strained political relations between some of the countries present a significant challenge to program success, requiring the efficient use of not only technical assistance but diplomatic skills all around the program."

David Click ’69 BA, ’73 JD, ’74 MA is a board certified estate-planning attorney in Jupiter, Florida. In 2006 his peers selected him as a Florida Super Lawyer. He is also head of Click Capital Management, a registered investment advisor. His son Adam graduated from Yale in 2005 and works for Google in New York.

Jim Cobbe ’77 PhD is spending 2007-2008 as a Fulbright Scholar at the College of Economics of the University of Danang, Vietnam. He is taking this break from administration after two years as faculty senate president and nine years as chair of the economics department at Florida State.

Doug Diamond ’80 PhD sends news of an October 2007 conference honoring Steve Ross that Diamond organized with Anat Admati ’83 PhD (Administrative Science). Ross’s former students at Yale and elsewhere have created a major new prize in his name for outstanding papers in financial economics, and Mark Grinblatt ’82 PhD has prepared an accompanying collection of essays, Stephen A. Ross, Mentor: Influence through Generations (McGraw Hill).

Lowell Dicke ’65 MA, ’65 JD is president of a small desalination development company in San Diego that just won its first contract for a resort near La Paz, in Baja California. They are busy preparing a proposal for agricultural water, also in Baja.

Walter Dolde ’73 PhD teaches finance in the UConn MBA program in Stamford and lives in Woodbridge. His current research covers insider ownership and risk, real estate, and credit derivatives; he has a consulting practice on valuation.

Steven Felgran ’82 PhD is in his eleventh year as a partner with KPMG’s Economic & Valuation Services (EVS) group in Boston and New York and specializes in transfer pricing and economic services. Felgran has been with KPMG since 1993, before which he was an economist with the Federal Reserve Bank of Boston and a professor with Northeastern University’s School of Business Administration. He is also a member of the board of the Massachusetts Alliance for International Business, an advocacy organization promoting greater exports and foreign direct investment. He is married to Hilary Macht, a free-lance journalist with a specialty in women’s health issues. They live in Chestnut Hill, Massachusetts, with their two sons, Harry (6) and Samuel (4).

Malcolm Getz ’73 PhD has just published Investing in College, A Guide for the Perplexed (Harvard). It is intended for parents who contemplate sending children to college and wonder about dealing with the high price tag. He teaches at Vanderbilt.

James Hanson ’61 BA, ’67 PhD continues his retirement with consulting work at the World Bank, including a recent paper on government domestic debt in developing countries and macroeconomic and financial sector work in Egypt, Eastern Europe, and India. He lives in McLean, Virginia.

Edward A. Hirs III ’79 BA, ’79 MA, ’81 MBA is chief financial officer at DJ Resources Holdings, an oil and gas exploration company based in Houston and funded by Natural Gas Partners. Their properties, including over 100,000 acres and several producing fields, are in the DJ Basin in Colorado. He calls to our attention the new book by Paul MacAvoy ’60 PhD, a 1989 Wilbur Cross medalist: The Unsustainable Costs of Partial Deregulation (Yale). "I know exactly what Paul is describing in his book," Hirs writes, "because the partial deregulation has really impacted the prices we receive as a producer. The lack of infrastructure to get domestic oil and gas to domestic markets is a problem. The result is that the U.S. imports more while domestic producers curtail production and exploration efforts."

Jack Hou ’89 PhD is currently president of the Chinese Economists Society, which will hold its 2008 China Conference at Nankai University in Tianjin, China, April 17-20, and plans a 2008 North American conference in Canada. Professor T.N. Srinivasan of Yale will be one of the keynote speakers at the China conference. Hou is a professor of economics at Cal State Long Beach.

Eiichi Isozaki ’97 MA IDE is a partner with Southern Capital Group in Singapore. The firm is focusing on control-oriented buyouts in Asian middle markets and is in the process of raising a second fund targeting $500 million. They see an increasing level of interest in Asian private equity from U.S. and European investors.

Richard Jolly ’66 PhD writes, "In October I was awarded an honorary doctorate — along with Dr. Bina Agarwal — by the Institute of Social Studies in The Hague, on the occasion of its 55th anniversary. I continue as an honorary professor at the Institute of Development Studies in the University of Sussex and a senior research fellow at the Ralph Bunche Graduate Center of the City University of New York, where we have now completed twelve volumes of a history of the UN’s intellectual contributions in the economic and social arena."

Alfred Kahn ’42 PhD celebrated his 90th birthday on October 24 with colleagues from NERA Economic Consulting, a firm he helped found almost fifty years ago. Kahn, a 1995 Wilbur Cross medalist, continues to accept consulting assignments. NERA has twelve Yale economists at last count, including its current president, Andrew Carron ’80 PhD. [Photograph at right: Alfred Kahn, decked out in his piano keyboard tie, enjoyed his birthday celebration.]

Junichi Kanda ’00 MA IDE writes, "My job is monitoring and examining foreign banks at the Bank of Japan. This summer was very busy with the sub-prime mortgage loan problem. I live in Tokyo with a beautiful wife, four-year-old daughter, and onemonth-old son, with peace."

Takahiro Kawase ’70 MA IDE is president of the Government Pension Investment Fund in Japan.

Sadia Khan ’91 MA is group executive director for Delta Shipping in Karachi, Pakistan.

Soo-Hyun Kim ’04 MA IDE is working towards a PhD in the H. Milton Stewart School of Industrial and Systems Engineering at Georgia Tech.

Raul Lacayo ’71 MA IDE writes, "My main work at present is focused on developing the capital markets in Nicaragua. As chairman of the board of the Bolsa de Valores de Nicaragua, I have been involved in the approval of a new, modern, and competitive capital markets law that allows for the structuring of new vehicles so far unknown in Nicaraguan financial markets, such as securitization funds and mutual funds. Parallel to the development of local capital markets, my work includes promoting the integration of our market with other, regional markets, such as those of El Salvador, Costa Rica, and Panama. We are also helping the government develop an orderly bond market, including the development of key related institutions, such as primary dealers and market makers. Our aim is also to integrate our local market (including the government’s bond market) with global financial markets, an effort that keeps us in touch with U.S. institutional investors and investment banks."

Douglas L. Leslie ’98 PhD sends word of a new faculty position: he is an associate professor in the Department of Health Administration and Policy at the Medical University of South Carolina in Charleston.

Bob Litan ’76 JD, ’87 PhD published Good Capitalism, Bad Capitalism, co-authored with William Baumol and Carl Schramm, with Yale Press in May. He continues his work as vice president for research and policy at the Kauffman Foundation and as senior fellow in economic studies at the Brookings Institution in Washington, DC.

Mico Loretan ’91 PhD began a two-year leave of absence from his position at the Division of International Finance at the Federal Reserve Board in Washington, DC, in July 2007, to relocate with his family to Hong Kong and begin working in the Asian office of the Bank for International Settlements. In this visiting appointment, he aims to learn a lot more about and conduct research projects on Asian financial markets, as well as (hopefully) to learn Chinese.

Pang-Yen Bryan Lou ’04 MA IDE is an associate brand manager at Avon Asia Pacific in Shanghai. He writes, "I did a second extended year at Yale, focusing on behavioral science. I then took a marketing job at Avon, as I desired to practice what I had learned about human behavior. I thank the economics department for training me to analyze consumers with a quantitative approach and the diverse academic resources at Yale that allowed me to broaden my understanding of human nature through exploration of such fields as anthropology and psychology."

Paul MacAvoy ’60 PhD applied for and after many entreaties received emeritus status from the Yale School of Management on his 70th birthday in 2004. After two decades of teaching corporate strategies and governance to MBA students (at Yale, Dartmouth, and Rochester), for a change of scene with Kay in hand he moved to Providence to teach business economics to Brown University seniors. There were two high points: watching with his Brown students as Yale beat Brown in football and receiving a perfect ten score from every student in a course on economic regulation. That ended his teaching career (what can you do after that?), so he moved next to Etna, New Hampshire, to a big farmhouse and a small research office next to a group of Dartmouth buildings in Hanover. He has been unable to abandon his lifetime of work on public regulation of industry. The basic problem has been that the regulatory reform movement in state and Federal government of the 1970s has become stuck part of the way to deregulation, with consequences more adverse than either full regulation or deregulation. Based on ten years of grants from the J. M. Olin Foundation, which were used to support Yale SOM and economics students, MacAvoy has published two books this year, The Unsustainable Costs of Partial Deregulation (Yale) and Natural Gas Networks Performance after Partial Deregulation — Five Quantitative Studies (World Scientific Publishers), with Vadim Marmer ’05 PhD, Nickolay Moshkin ’95 MA IDE, ’01 PhD, and Dmitry Shapiro ’04 MA (International Relations), ’06 PhD. The co-authors on the second book are all former Yale Olin research assistants, now working at the University of British Columbia (Marmer), University of North Carolina (Shapiro), and Cornerstone Economics (Moshkin). There is one more book coming, a collection of letters to the public, government staff, and corporations, mostly on energy policy and regulatory reform, written while MacAvoy was a member of the Ford Administration Council of Economic Advisors in 1975-1976.

Alex Maynard ’99 PhD joined the economics department at the University of Guelph as an associate professor in the summer of 2007.

John F. McDonald ’71 PhD is professor emeritus of economics and finance at the University of Illinois at Chicago. This year he has published Urban Economics and Real Estate, with Daniel McMillen (Blackwell, 2007), and Urban America: Growth, Crisis, and Rebirth (M.E. Sharpe, 2007). He has been the editor of the Journal of Real Estate Literature since 2005.

John Mirikitani ’04 PhD writes, "I am currently teaching finance and economics at Temple University, Japan, and recently received an appointment as a visiting researcher in the economics department of Keio University, at a campus located in Mita-ku, Tokyo. Coincidentally, there is a documentary now playing in eighteen Japanese cities called ‘The Cats of Mirikitani,’ about a cousin of my father. It has won 26 awards around the world and might soon be nominated for an Oscar! And I have begun a collection of paintings by my famous relation and of the classic Japanese prints called ukiyo-e."

Harry Montgomery ’70 Grd writes, "I am retired in Williamstown, Massachusetts, after a diplomatic career which at least had an economic tilt. My last three jobs involved the UN Economic Committee in New York, NATO’s Economic Committee in Brussels, and the Telecommunications Union in Geneva. I regret having had little or no contact with Yale graduate alumni. My Yale interest currently centers on its art museums. For better or for worse, while in New Haven I was so caught up in trying to learn quantitative methods — with a family of six at home — that I had little time for camaraderie and even less for the real happenings on campus such as the Black Panthers. I remember well the modest heroes of my time, especially Jim Tobin."

Susan W. Parker ’93 PhD is a professor at the Center for Research and Teaching in Economics (CIDE) in Mexico City and affiliated to Spectron Desarrollo. Her research is focused on social program evaluation, and she has a forthcoming chapter in the Handbook of Development Economics (volume 4) on conditional cash transfer programs. She is married with two daughters.

Jon Peck ’71 PhD writes, "After almost 25 years living near Chicago, my wife, Adair Waldenberg, and I have relocated to Santa Fe, New Mexico. I continue to work in the R&D division of SPSS, designing and developing new features of all sorts for the SPSS software. For the last few years I have been heavily involved with the Python programming language, which is rapidly gaining in popularity for scientific computing. Adair, who was an associate dean at Northwestern University for many years, has retired and will be exploring the possibilities of the Santa Fe area."

Liang Peng ’02 PhD is an assistant professor of real estate in the Leeds School of Business at the University of Colorado at Boulder. Recently she and her co-authors received the 2007 Asian Real Estate Society Foundation best-paper award. With another group of co-authors, she also received a best-paper award from the American Real Estate Society in 2006.

Lon L. Peters ’81 PhD began a two-year position as a visiting professor of economics at Reed College in Portland, Oregon, in August 2007. He continues to do consulting work in energy.

Daniel Piazolo ’95 MA IDE is now managing director of IPD Investment Property Databank in Germany. In 2007 the first derivative trades took place on the Deutsche Immobilien Index DIX, the established performance index for the German property market published by IPD.

Sonia Plaza ’90 MA IDE is a senior economist for the World Bank in Washington, DC.

Richard Randolph ’81 MA IDE, ’82 MDiv writes, "Earlier this year, I joined the faculty at the Kansas City University of Medicine and Biosciences (KCUMB) where I am an assistant professor and chair of the Department of Bioethics. KCUMB is primarily an osteopathic school of medicine. One of my responsibilities is developing a new Master of Arts in Bioethics degree as part of the emerging College of Graduate Studies."

James Rauch ’85 PhD has just edited a book, The Missing Links: Formation and Decay of Economic Networks (Russell Sage Foundation, 2007), a collection of essays by an interdisciplinary group of scholars who synthesize sociological and economic theories of how economic networks emerge and evolve. He is a professor of economics at the University of California, San Diego.

Susan Rose-Ackerman ’70 PhD continues to do research on the political economy of corruption. In 2006 she published an edited International Handbook on the Economics of Corruption (Elgar) that brings together recent research in the field. She is also working more generally on issues of public accountability and institution building in emerging democracies in Central Europe and Latin America. She published From Elections to Democracy: Building Accountable Government in Hungary and Poland (Cambridge) in 2005, and in the fall of 2007 she wrote a paper on public administration and judicial reform for a policymaking exercise sponsored, in part, by the Inter-American Development Bank. She is the Henry R. Luce Professor of Jurisprudence at the Yale Law School and holds a joint appointment in the Department of Political Science.

George Sadowsky ’88 PhD writes, "My former project, the Global Internet Policy Initiative, with projects in twenty countries, is tapering off, and I have been very active in both ICANN (Internet Corporation for Assigned Names and Numbers) and in the Internet Governance Forum. The latter is the UN’s intrusion into who governs the Internet and how it is run, and it runs the risk of evolving into a North-South battle reminiscent of the Group of 77’s activities in the 1970s. Meanwhile, I do occasional pro bono and paid consulting in Internet technology and ICT and development, most recently in e-government in Serbia. Ann and I look forward to moving soon from Stamford to a smaller house, most probably in the Woodstock-Hanover area of Vermont/ New Hampshire. I welcome contact with other members of the Yale graduate economics community."

Cheng Hin Saw ’01 MA IDE writes, "I am pretty much the same other than a few grey hairs now! On the job front, I am a portfolio manager with Clariden Leu in Singapore, managing the discretionary accounts of high net worth individuals."

Joio Sayad ’76 PhD is a professor in the economics department of Sao Paulo University, where he teaches courses on money, banking, and financial markets.

Roger W. Schmenner ’73 PhD writes, "It’s been many years now since I sold out to business schools and started specializing in what is known as ‘operations management’ — it’s what’s in the black box of production functions. In August I ended a nine-year run as the associate dean of Indiana University’s Kelley School of Business with responsibility for our programs in Indianapolis. Right now I am serving as chief of staff to the Chancellor of the IUPUI campus, IU’s No. 2 administrator. I’m doing campus-level things: intercollegiate athletics, new buildings, and changing how overhead is allocated to our profit-center schools, among other things, while still keeping a hand in the Kelley School."

Hugh Schwartz ’67 PhD writes, "Though ‘retired,’ I’ll be teaching a course in behavioral economics in an MA program in Uruguay in April and May and am currently involved in one on personal finance in the prison system of Fairfax County, Virginia. I’ve also put together a paper, ‘An Introduction to Behavioral Economics,’ which is aimed at non-economists and introductory- and intermediate-level students of economics and business administration, that I’d be happy to email to anyone interested." He lives in Alexandria, Virginia.

Geoff Shepherd ’63 PhD writes, "Though retired since 2002, I and Henk de Jong have just finished and published Pioneers in Industrial Organization: How the Economics of Competition and Monopoly Took Shape (Edward Elgar). It’s an attempt to present and assess the leading innovators in the field, both in North America and Europe. We are hopeful it will be seen as objective and important, as well as lively and concisely written. My wife and I are thriving in Washington, DC."

Robert Shishko ’72 PhD has been working on NASA’s Constellation Program, developing and evaluating architectures for the permanently occupied lunar outpost planned for the next decade. He works at the Jet Propulsion Laboratory at Caltech.

Beata Smarzynska Javorcik ’99 PhD writes, "After eight years of working in the research department of the World Bank, I have moved to the University of Oxford where I am a reader (associate professor) in international economics and a Fellow at Christ Church."

Harlan M. Smith II ’82 MA International Relations, ’89 PhD is the newly appointed Kermit E. McGinnis Distinguished Professor of Business in the Lewis College of Business, a unit of Marshall University in Huntington, West Virginia, where he is also a professor of economics.

Sinem Sonmez ’01 MA IDE is an economic consultant. She is currently working with a professor from the Yale School of Management on a book. Previously, she worked on a World Bank "Doing Business" project designed to identify obstacles to businesses that serve to hinder growth in over 130 countries.

Jerome L. Stein ’55 PhD is a visiting professor in the Division of Applied Mathematics at Brown. His most recent publications are Stochastic Optimal Control, International Finance and Debt Crises (Oxford, 2006) and "United States Current Account Deficits: A Stochastic Optimal Control Approach," in the Journal of Banking & Finance, May 2007. He gave the plenary lecture at the 22nd European Conference on Operations Research in Prague in 2007; his discussants were the current and past vice governors of the Czech Central Bank. In 2008 he will give invited guest lectures at the European Conference on Continuous Optimization in Lithuania and the World Congress on Nonlinear Analysis in Florida.

Guy Stevens ’60 BA, ’66 LLB, ’67 PhD retired from the Federal Reserve Board in 2002 after 32 years of work and research in such areas as portfolio and risk analysis, domestic and foreign investment, and multi-country econometric models. "Some research work in the 1990s, along with the passage of the 1996 federal welfare reform act, caused me to be haunted by the discrepancy between the implications of America’s ideology of equal opportunity and the state of the health, education, and welfare of American children," he writes. "After a few years of re-education and research at the University of Michigan’s National Poverty Center, I have gained some insight into the problem through writing ‘Welfare Reform and the Well-Being of America’s Children’ (Challenge, 2002) and drafting a history of equal opportunity—but the discrepancy alluded to above persists. Given the emphasis on work requirements in the welfare reform act as amended, I have reluctantly concluded that any real effort to live up to the implications of equal opportunity with respect to children requires a national program of jobs of last resort. Any insights into this problem or its solution would be welcomed."

James P. Stodder ’90 PhD is a clinical associate professor in the Lally School of Management and Technology of the Rensselaer Polytechnic Institute at Hartford. His current research topics are incentive compatibility in price discrimination, complimentary currencies as a counter-cyclical buffer, and inequality’s effects on consumer confidence.

Viktor Stolyar ’98 MA IDE writes, "this fall I am leading the fledgling corporate finance practice of accounting and advisory firm KPMG in Kyiv, Ukraine. Management consulting and investment banking experience are in massive demand from local and international businesses operating here. This year Ukraine and Poland have won a nomination to host the European soccer championship in 2012, which has already given a boost to business activity. Namely, old roads will be reconstructed and new ones will be built, airports will be modernized, hundreds of quality hotels will be built, and hundreds of thousands of new workplaces will pop up, which, along with the beautiful setting, makes Ukraine altogether a nice place to visit and enjoy. I keep playing soccer regularly and stay in touch with a handful of Yalies, which I reckon is good considering nine years have already passed since I graduated. I have been to the States twice this year and visited the University for a day in May, which filled me with great joy when strolling around the campus in nice sunny weather, seeing nice old familiar places, talking to my IDE professor Robert Evenson, and having a lunch with another buddy of mine at the Yale Bookstore."

Paul Sullivan ’86 PhD writes, "I continue at the National Defense University as a full professor of economics with my focus on the political economy of Turkey, North Africa, and the Middle East, as well as environmental economics. I have a joint appointment as an adjunct professor in the Security Studies Program and the Department of Science, Technology and International Affairs at Georgetown. I am also part of Solarium II, a process looking into the development of a new energy security policy at the Center for a New American Security."

Evelyn Tan ’06 MA IDE is an associate with The Boston Consulting Group in its Singapore office.

Vadim Tantsyura ’01 MA IDE has worked for Regeneron Pharmaceuticals in Tarrytown, New York, since 2004. He is currently associate director (head) of data management. His research interests include the quality of data in clinical trials for regulatory submissions and electronic data capture. He has recently presented at the MIT Information Quality conference in July 2007. He is married with two children, Eva (4) and Daniel (2). He lives in Danbury, CT.

Kelvin Teo ’02 MA IDE has moved on to SEMCO, after a five-year stint at PSA Corporation, to experience new challenges in the booming offshore marine industry. In his new position as deputy marketing manager, he deals with clients worldwide to secure charters and negotiate contracts for the company’s expanding fleet of offshore vessels. He lives in Singapore.

John E. Tilton ’65 PhD writes, "Now officially retired from the Colorado School of Mines, I still teach one graduate seminar a semester there. The other semester I am in Chile as a faculty member at the Catholic University, helping the Mining Centre in the Engineering School establish new PhD and MS programs in mineral economics. A very interesting and rewarding experience. With the help of a number of graduate students, I also continue to research various economic and policy issues associated with mining."

Ted Truman ’67 PhD writes, "Tracy and I are now four-time grandparents. I continue to work at the Peterson Institute for International Economics in Washington, DC. So far I have had limited success in trying to promote the reform of the IMF. Recently I have taken on the challenging and economically and politically complex issue of so-called sovereign wealth funds."

Sandra Utsumi ’99 MA IDE writes, "I am currently chief economist at the Brazilian office of Espirito Santo Investment (the investment banking division of Portugal’s Banco Espirito Santo). However, I am moving to Lisbon headquarters in January 2008 as a business development and research director focused in Iberian and Brazilian markets."

Rip Verkerke ’88 MPhil, ’90 JD received the 2006-2007 All-University Teaching Award from the University of Virginia, where he is a professor of law and director of the Program for Employment and Labor Law Studies at the law school. In 2006 he was a visiting professor on the University of Muenster and University of Melbourne law faculties. He also received an appointment as a Master in an overtime-pay collective action brought under the Fair Labor Standards Act in the federal district court for Washington, DC.

Patrick Waelbroeck ’96 MA is an assistant professor at the École Nationale Supérieure des Télécommunications-Télcom Paris. He has become a member of the editorial board of the Journal of Cultural Economics and will also be the local organizer of the 2008 Workshop on Information Systems and Economics to be held in December 2008 at Télécom Paris.

Ryan Washburn ’99 MA IDE is an economist for the U.S. Agency for International Development in Kigali, Rwanda.

William Watson ’80 PhD is in his third year as chair of the economics department at McGill. He and Julia spend most of their spare time driving sons Scott (14) and David (12) to hockey and football practices and games.

Roy Wehrle ’59 PhD writes, "I am teaching international economics, environment, and politics in the MBA program at Millikin University in Decatur and two courses on the environment and the Enlightenment for the University of Illinois at Springfield. I have recently written two manuscripts on the ways we might organize international forms of governance to provide the authority and legitimacy the world badly needs to deal with poverty, security, failed states, health, and environmental policy."

Daniel Weinberg ’75 PhD is now the assistant director for the American Community Survey and the Decennial Census at the U.S. Census Bureau. At the Bureau, he was the chief of the Center for Economic Studies and chief economist from December 2004 to July 2007. His most recent publication is "How the United States Measures Well-Being in Household Surveys," Journal of Official Statistics, March 2006. He and his wife live in the Mount Vernon area of Fairfax County, Virginia. Between them they have five children (two of whom are Yale graduates), three daughters-in-law, and four grandchildren. His hobbies are golf, tennis, bridge, and photography.

J. Edgar Williams ’63 MA writes, "I am fully retired now but keep busy with organizations. One of particular interest is a unique web journal on whose board of directors I serve. It is called American Diplomacy, and it is de-voted to U.S. international relations, the U.S. Foreign Service’s activities, and world affairs in general. I am also active in the North Carolina International Affairs Council. One of my favorite tasks is to serve on the panel that interviews candidates for the American Marshall Fund Fellowships every year." He lives in Carrboro, North Carolina.

Edward Wolff ’74 PhD remains a professor of economics at New York University, where he has taught since 1974, and a senior scholar at the Levy Economics Institute of Bard College, since 1999. "I am engaged in a long-term project on measuring economic well-being," he writes. "In a way, this emanates from work I did as a research assistant working for Richard Ruggles at Yale and the NBER in the early 1970s. At the Levy Institute we have developed a measure called LIMEW (the Levy Institute Measure of Economic Well-Being). LIMEW is an extended-income concept that includes, besides money income, imputed rent to homes, annuity flow from non-home wealth, non-cash government transfers, an estimate of public consumption, and a valuation of household production. From this, we net out income, payroll, and consumption taxes. We have found, for example, that median LIMEW increased faster than median money income over the 1989 to 2001 period in the U.S., but measured inequality was also higher using LIMEW. We are now extending our time series back to 1959 in the U.S. and forward to 2004 (with funding from the Sloan Foundation) and are also engaged in an international comparisons project with Canada, Germany, and the U.K."

Rick Wolff ’67 MA Economics and History, ’69 PhD recently co-authored New Departures in Marxian Theory (Routledge, 2006) and Class Theory and History: Capitalism and Communism in the USSR (Routledge, 2002) with his frequent collaborator, former Yale associate professor of economics Stephen Resnick. Wolff also publishes regularly on the websites Global MacroScope and MRZine. He is a professor at UMass Amherst.

Linus Yamane ’91 PhD writes, "When I was making lunch for my nine-year-old son Chaska to take to school, he asked me to include some Oreo cookies. I said, ‘But you don’t really like Oreo cookies,’ and he said, ‘Yea, but they are tradeable!’" Yamane is a professor of economics at Pitzer College in Claremont, California.

Leonie Lee Siok Yoong ’00 MA IDE is the deputy director for industry in the Ministry of Trade and Industry of the government of Singapore.