About the Authors

James D. Gwartney


James holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Stavros Center for the Advancement of Free Enterprise and Economic Education. He is the coauthor of Economics: Private and Public Choice, (South-Western/Cengage Learning), a widely used principles of economics text that is now in its thirteenth edition. He is also co-author of Economic Freedom of the World, an annual report that provides data on the institutions and policies of 141 countries. He served as Chief Economist of the Joint Economic Committee of the U.S. Congress during 1999-2000. He is a past president of the Southern Economic Association and the Association for Free Enterprise Education. His Ph.D. in economics is from the University of Washington. A member of the Mont Pelerin Society, Gwartney was invited by the Putin administration in March 2000 to make presentations and have discussions with leading Russian economists about the future of the Russian economy. In 2004 he received the Adam Smith Award of the Association of Private Enterprise Education.

Richard L. Stroup


Richard is Professor Emeritus of economics at Montana State University, Adjunct Professor of economics at NC State University, and President of the Political Economy Research Institute in Raleigh, NC. His Ph.D. is from the University of Washington. From 1982 to 1984 he served as director of the Office of Policy Analysis at the U.S. Department of the Interior. Most recently Stroup has published and spoken on global warming, land use regulation, archaeology, and about needed environmental policy improvements. He publishes in professional journals and popular media outlets, and his work helped to develop the approach known as free market environmentalism. He is coauthor of a leading economics principles text, Economics: Private and Public Choice, now in its thirteenth edition. His book Eco-nomics: What Everyone Should Know About Economics and the Environment (Washington: Cato Institute, 2003), was sponsored by the Property and Environment Research Center, where he is a Senior Fellow. He continues to research alternative institutional arrangements for dealing with climate change, regulatory takings, and other environmental risk policies.

Dwight R. Lee 


Dwight received his Ph.D. from the University of California, San Diego in 1972. Since that time he has had full time tenured faculty appointments at the University of Colorado, Virginia Tech University, George Mason University, the University of Georgia where he was the Ramsey Professor of Economics and Private Enterprise from 1985-2008. He is currently the William J. O’Neil Professor of Global Markets and Freedom at Southern Methodist University in Dallas. Professor Lee’s research has covered a variety of areas including the Economics of the Environment and Natural Resources, the Economics of Political Decision Making, Public Finance, Law and Economics, and Labor Economics. During his career Professor Lee has published over 135 articles in academic journals, over 240 articles and commentaries in magazines and newspapers, coauthored 14 books and been the contributing editor of 4 others. He has lectured at universities and conferences throughout the United States as well as in Europe, Central America, South America, Asia and Africa. He was president of the Association of Private Enterprise Education for 1994-95 and president of the Southern Economic Association in 1997-98.

Tawni H. Ferrarini 


Tawni is the Sam M. Cohodas Professor and a Co-director of the Center for Economic Education and Entrepreneurship at Northern Michigan University. She is the inaugural recipient of the National Association of Economic Educator’s Abbejean Kehler Award and received the 2009 Michigan Economic Educator of the Year Award and an NMU Distinguished Faculty Award. Her work for the Council on Economic Education and reputation as a workshop leader on both the use of technology in the classroom and the integration of economics and American history helped her earn these awards. She teaches a variety of online courses regularly and employs technology tools to structure successful online courses and workshops in economic education. Dr. Ferrarini publishes in economic education, technology and education journals on how to effectively employ technology and to successfully motivate the current generation of students. She regularly contributes to Econ4u.org and writes for newspapers on economic education, entrepreneurship and personal finance. She earned her doctorate in economics from Washington University, where she studied under the 1993 Nobel laureate Douglass C. North.