Office: Department of Economics
408 Holland Hall
Northfield, MN 55057-2322
St. Olaf College
1520 St. Olaf Avenue
Northfield, MN 55057-2322
ph: (507) 646-3567 fax: (507) 646-3523
e-mail: dalgaard@stolafedu

EDUCATION

Ph.D. (Economics) University of Illinois, Urbana-Champaign, 1976
M.S. (Economics) University of Illinois, Urbana-Champaign, 1974
B.A. (History, cum laude) University of Illinois, Urbana-Champaign, 1969

EMPLOYMENT HISTORY

1992-present Husby-Johnson Professor of Business and Economics
St. Olaf College, Northfield, MN

1999 (Fall) Visiting Scholar, Hogeschool Voor Economische Studies
Rotterdam, The Netherlands

1997-1998 Visiting Professor of Economics, International Division
Waseda University, Tokyo, Japan

1980-1992 Assistant, Associate and Full Professor of Economic Education
Executive Director, Minnesota Council on Economic Education

University of Minnesota, Minneapolis-St. Paul, MN
1990-1991 Fulbright Research Fellow
Chiba University, Chiba, Japan

1976-1980 Assistant Professor of Economics
Lehigh University, Bethlehem, PA

1972-1976 Teaching Assistant (Economics); Lecturer (Educational Psychology)
University of Illinois, Urbana-Champaign, IL

1969-1972 Instructor of History and Economics
High School District 4224, Barrington, IL

PUBLICATIONS

BOOKS

Macroeconomic Policy Studies: Readings to Accompany the Macroeconomic Policy
Lectures, Dubuque, IA: Kendall/Hunt Publishing Company, 19 89, 196 pp. + iv.

Economics: What and When: Scope and Sequence Guidelines (with J. Gilliard, M. Watts, et. at.), New York, NY: Joint Council on Economic Education, 1988, 184 pp.

Money Financial Institutions and Economic Activity, Glenview, IL: Scott, Foresman Company, 1987, 604 pp. + ix (includes Student Workbook and Instructor's Manual)

Variations in Business and Economic History (B. R. Dalgaard and R. K. Vedder, contributing editors), Greenwich, CT: JAI Press, 1982, 215 pp. + xv. (Reviewed in Business History Review, Vol. 57 #4, Winter 1983, pp. 578-580).

South Africa's Impact on Britain's Return to GAL 1925 New York, NY: The Arno Press, 1981, 195 pp. + ix. (Reviewed in Journal of Economic History, Vol. 62 #4, December 1982, pp. 931-932).

CHAPTERS IN BOOKS

"Reflections on Macroeconomics and the Introductory Economics Course" Teachers Guide for Advanced Placement Courses in Macroeconomics, New York, NY: The College Board, 1994.

"Economic Analysis and Music Therapy: Will the Twain Ever Meet?" Effectiveness of Music Therapy Procedures: Documentation of Research and Clinical Practice, C. Furman, editor, Washington, DC: National Association for Music Therapy, 1988, reprinted 1993, pp. 3-6.

"Walter Heller: Economic Educator of Presidents" Biographical Directory of the Council of Economic Advisors, R. Sobel and B. Katz, editors, Westport, CT: Greenwood Press, 1988, pp. 100-106,

"Interwar Financial Instability and Monetary Reform in Southern Latin America" Brazil
and Rio De La Plata: Challenge and Res L. Mendez and L. Bates, editors,
Charleston, IL: Eastern Illinois University, 1983, pp. 57-61. (with C. Johnson).

"Economic Education" Encyclopedia of Educational Research, fifth edition, Washington, DC: American Educational
Research Association, 1982, pp. 513-518. (with J. Cogan).

"E. W. Kemmerer: The Origins and Impact of the Money Doctor's Monetary Economics" and "Preface" Variations in Business and Economic History, B. R. Dalgaard and R. K. Vedder, editors, Greenwich, CT: JAI Press, 1982,
pp, 31-44 and ix-xi.

"Computer-Assisted Instruction in Economics: Development, Results, Challenges" Association for Educational Data Systems Convention Proceedings, Washington, DC: Association for Educational Data System, 1981, pp. 59-64. (with M. Askalani and P. Thompson).

"An Economic History of Small Business in Delaware, District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia" prepared for the White House Conference on Small Business and appearing in The Status of Small Buainess, Paul. W. Hauck, editor, University Park, PA, 1979, pp. B1-B29.

"A Multifaceted Computer-Based Course Management System" Computers in Education 0. Lecarme and R. Lewis, editors, New York, NY: North Holland/American Elesvier, 1975.

"Computer-Based Course Management in the First Course in Economics" Proceedings of the Illinois Economic Association, 1975, pp. 83-87. (with D. Paden).

ARTICLES (* Juried Journals)

"Where is Market Capitalism Leading?" Audenshaw Papers (publication of The Hinksey Network), Torquay, Great Britain, #184 (October 1999).

"States and Markets and Computers: Using the WEB to Link Student Research" Journal of the Minnesota Academy of Science, Vol. 63 #3 (Spring 1999), p. 4. (with D. Schodt).

"Casting the First Stone: Reflections on the Japanese Financial Scandals" Audenshaw Papers (publication of The Hinksey Network), Torquay, Great Britain, #174 (February 1998).

*"Conditionality and Financial Reform in China: The Kemmerer Mission of 1929" Waseda Journal of Asian Studies, Vol. 20 (1998), pp. 41-56.

*"Economics and the Social Studies" International Journal of Social Education, Vol. 8 #31 (Winter 1993-94), pp. 25-39.

*"College Students' Perceptions of Notetaking and Their Relationship to Selected Learner Characteristics and Course Achievement" Research in Higher Education, Vol. 28 #3 (May 1988), pp. 223-239. (With C. Carrier and M. Williams).

*"Does Economic Self Interest Translate into Educational Improvement" Journal of Instructional Development, Vol. 9 #3 (Winter 1986), pp. 7-9.

"The International Debt Crisis Is Not Going Away" Newsletter, Global Education Center,
University of Minnesota, Vol. 2 #4 (March-April 1986).

"The Federal Budget Deficit: Challenges and Opportunities for Policyrnakers" The Senior Economist, Vol. 1 #1 (Spring 1986), pp. 4-6. (Invited paper with Walter Heller).

*"Is Computer-Assisted Instruction Economical in Business Education?" Journal of Education for Business, Vol. 61 #1 (October 1985), pp. 20-23. (with D. Lewis).

*"Cost Effectiveness of Computer-Assisted Economics Instruction" American Economic, Review Vol. 75 #2 (May 1985), pp. 91-96. (with D. Lewis and C. Boyer).

"Cost and Effectiveness Considerations in the Use of Computer-Assisted Instruction in Economics" Journal of Economic Education, Vol. 15 #4 (Fall 1984), pp. 309-323. (with D. Lewis and C. Boyer).

*"Using the Local Economy to Integrate Economic Concepts into Instruction" Social Studies Journal (Journal of the Pennsylvania Council for the Social Studies), Vol. 13 (Spring 1984), pp. 5-7.

*"The World Economy: An Overview" Social Education, Vol. 48 #1 (January 1984), pp. 14-15. (with D. Lewis).

*"Inflation, Intrigue and Monetary Reform in Guatemala, 1919-1926" The Historian, Vol. 66 #1 (November 1983), pp. 21-38. (with D. L. Kemmerer).

*"What Do Global Concerns Mean for U.S. Educators" Educational Leadership, Vol. 41 #1 (September 1983), pp. 63-64.

*"Using Presidential Politics to Explore Economic Issues in the Social Studies" The Social Studies (Journal of the National Council for the Social Studies), Vol. 74 #3 (May-June 1983), pp. 100-106. (with M. Schug).

*"Questions of CAI Cost-Effectiveness: the Case of Economics" Improving University Teaching, Vol. 9 (1983), pp. 860-868. (with D. Lewis).

*"A Note on Kemmerer's Contribution to the Quantity Theory of Money" Atlantic Economic Journal Vol. 10 #4, (December 1982), pp. 96-97.

"Interactive Videodiscs and Microcomputers in Economics: Applications to Higher Education" Issues in Higher Education, Vol. 6 #2 (Fall 1982), pp. 23-27. (with A. Glenn and R. Pollak).

*"Business History and the Business School Curriculum" Business and Economic History, 2nd series, Vol. 10 (1982),
pp. 31-35.

*"Wherefore Computer-Assisted Instruction in Economics" Common Sense Economics, Vol. 6 #2 (Fall 1982), pp. 23-27.

*"The Content of the Economics Principles Course" Common Sense Economics, Vol. 5 #2 (Fall 1980), pp. 43-44.

*"Monetary Reform 1923-1930: A Prelude to Colombia's Economic Development" Journal of Economic History Vol. 40 #1 (March 1980), pp. 98-104.

"South Africa's Impact on Britain's Return to Gold, 1925" Business and Economic History second series, Vol 12
(1978), pp. 138-141.

*"A Decade of Computer-Assisted Instruction" Journal of Economic Education, Vol. 9 #1 (Fall 1977), pp. 14-20.

*"An Experimental Evaluation of Computer-Based Study Management System" Educational Psychologist, Vol. 2 #3 (1975), pp. 184-190. (with T. Anderson, R. Anderson, et. al.).

*"A Computer-Based Study Management System" Educational. Psychologist, Vol. 2 #1 (1974), pp. 36-45. (with T. Anderson, R. Anderson, et. al.).

BOOK REVIEWS

Financial Missionaries to the World: The Politics and Culture of Dollar Diplomacv, Emily S. Rosenberg for EH.NET, forthcoming.

The Ministry of Finance: Bureaucratic Practices and the Transformation of the Japanese Economy, J. Robert Brown, Jr. for H-ASIA, forthcoming.

The Catholic Ethic and the Spirit of Capitalism, Michael Novak for Christian Scholar's Review, Vol. XXIV #2 (December 1994).

Alliance Capitalism: The Social Organization of Japanese Business, Michael L. Gerlach for Journal of Asian Studies, Vol. 53 #2 (December 1994).

A Man of Influence: The Extraordinary Career of S. G. Warburg, Jacques Attali for Journal of Economic History, Vol. XLVII #4, (December 1988).

The Anti-Monopoly Persuasion: Popular Resistance to the Rise of Big Business in the Midwest, Steven L. Piott for The Historian, Vol. XLVIII #4 (November 1986).

A Retrospective on the Classical Gold Standard, 1821-1931, Michael Bordo and Anna J. Schwartz, eds. for Business History Review, Vol. LIX #2 (Autumn 1985).

The Future of International Monetary Systems, Tamir Agnon, et. al., eds for The Wall Street Review of Books (Autumn 1985).

Slow Growth in Britain: Causes and Consequences, W. Beckerman, editor for Business History Review,
Vol. LVI #3 (Autumn 1982).

Hazard Unlimited: The Story of Lloyd's of London, Anthony Brown and A House in the City, W. J. Reader for Business History Review, Vol. LV #2 (Fall 1981).

Coffee and Conflict in Colombia, Charles W. Bergquist for Journal of Economic Literature, Vol. XVII #2 (June 1980).

Bank Control of Large Corporations in the U.S., David M. Kotz and Money and Capital Markets in Post-Bellum America, John A. James for Business History Review Vol. LIII #4 (Winter 1979).

The Individual, Business and Society, Jeffery A. Barach for Review of Business and Economic Research, Vol. XV #1 (Fall 1979).

The American Economy, 1929-1970, Karl W. Roskamp, The Origin and Development of a Philosophy of Long-Range Planning in American Business, David I. Cleland, and Grow or Die, James A. Weber for Business History Review, Vol. LIII #2 (Summer 1978).

Did Monetary Forces Cause the Great Depression?, Peter Temin for Quarterly Review of Economics and Business, Vol. XVII #3 (Autumn 1977).

The Emergence of the Irish Banking System, G.L. Barrow for Business History Review, Vol. LI #2 (Summer 1977).

SELECT RECENT PRESENTATIONS

"Consolidation and Competition: The Future of Japan's Financial System" Association for Urban Housing Sciences, Tokyo, Japan, January 19, 2000.

"Globalization Comes to Asia: The Effects of Open Markets on the Structure and Operation of Japanese Business" School of Commerce, Waseda University, Japan, January 18, 2000.

"Computers, Competition and Consolidation: Reflections on Higher Education in The Netherlands" Hogeschool Voor Economische Studies, October 20, 1999.

"Japanese Financial System Signals Economic Change" National Graduate Institute for Policy Studies, Saitama University, Japan, June 16, 1998.

"Japan's Financial Mess" School of Social Sciences/School of Commerce Faculty Symposium, Waseda University, Japan, June 11, 1998.

"Competition 'in the Financial System: Reflections on the Japanese Experience" School of Commerce, Waseda University, Japan, June 11, 1998.

"Big Bang Financial Reform" Series of Three Invited Lectures, International Division, Waseda University, Japan, May 13, 20 and 27, 1998.

"Conditionality Before the IMF: Financial Reform in Pre-Maoist China" Pacific Rim Allied Economic Organizations Conference, Bangkok, Thailand, January 13-18, 1998.

"EMU, Economic Convergence and 1999: Response" DIS International Faculty Development Seminar, Copenhagen, Denmark, June 15, 1995.

"Faculty to Faculty Tutorials" Bush Regional Collaboration in Faculty Development Conference, Bloomington, MN, February 1994. (with M. Titus and J. Beld).

"Competitive Strategies Within Cooperative Structures: Japanese Views on Competition and Implications for Japanese- U. S. Relations" California and the Pacific Rim Conference, University of the Pacific, Stockton, CA, May 1994.

"Financial Reform in Pre-Maoist China: An Analysis of the Kemmerer Mission" Economic History Workshop, University of Minnesota, Minneapolis-St. Paul, MN, November 16,1993.

"Comparing Student Perceptions of Economic Competition Across Cultures: Hong Kong, Japan and the United States" Midwest Economic Association Meeting, Indianapolis, IN, April 1993.

"A Review of Research Related to the Principles of Economics Course" Session Chair and Panelist, American Economic Association Meeting, New Orleans, LA, January 1992.

COURSES TAUGHT

St. Olaf College
Principles of Economics; Intermediate Macroeconomics Theory; Japanese Economic Development-, American Economic and Business History; States and Markets: Comparison of Development in Latin America and East Asia (with D. Schodt); Asian Cultures in Comparative Perspective; Britain in Transition: Off-campus Interim in Britain; Japan: Its Economy and People: Off-campus Interim in Japan.

University of Minnesota
Principles of Macroeconomics; Money and Banking; Japanese Economic Development (graduate course); Economic Education Seminar (graduate seminar); Advisor for 5 Masters candidates and 7 Ph.D, candidates; member of 25 Ph.D. committees.

Lehigh University
Principles of Economics; Monetary and Fiscal Policy; Money and Banking; American
Business History.

ST. OLAF COLLEGE ACTIVITIES

COLLEGE-WIDE

Chair, Experiential Education Task Force 1998-1999

Chair, Vice President and Dean of the College Search Committee 1996

Member, International and Off-Campus Studies Committee 1993-1995

Member, Retention and Financial Aid Committee, 1994-1996

Member, Search Committee, Associate Director, International Studies, 1993

Member, Search Committee, Director, Finstad Center for Entrepreneurial Studies, 1993

HUSBY-JOHNSON CHAIR

Developed and conduct "Executive Forum Program"

Brings business people to campus for classroom visits and informal student meetings

Developed and conduct "Executive in Residence Program"

Brings business and community leaders to campus for extended visits

Originated and coordinate "Economics Focus Day"

Brings high school students and teachers to campus for day of seminars and simulations

Founded and sponsor "St. Olaf Economics Society"

Student-run organization which arranges visits to businesses, hosts department visitors,
sponsors social events, publishes newsletter, and stimulates interest in economic issues

Originated and facilities "Economics Policy Lecture"

Brings prominent economist to campus for general policy lecture and department
seminar

HONORS, AWARDS AND GRANTS

Denmark's International Study Faculty Development Seminar Fellowship, 1995.

St. Olaf College Pew Faculty Tutorial Award (with P. Dale), 1993.

Fulbright Research Fellow (Japan), 1990-9 1.

Invited Lecturer, Tamagawa University, Machida, Japan, Winter 1992.

Distinguished Lecturer, Korean Economic Development Center/University of Seoul,
Spring 1991.

Visiting Fellow, University of Hong Kong, Fall 1990.

Selected as Distinguished Teacher, Department of Economics, University of Minnesota,
Minneapolis-St. Paul, 1988-89.

Pew Visiting Fellow, Department of Economics, Princeton University, Summers 1987
and 1988.

Research Fellowship, Graduate College, University of Minnesota, Summer 1987.

Martin Luther King Service Award, University of Minnesota, 1987.

Who's Who in the Midwest, 1982 and thereafter.

Who's Who in the Fast, 1979 edition.

Phi Alpha Theta (National History Honorary)

Omicron Delta Epsilon (National Economics Honorary)

Lincoln Education Foundation Fellow, 1975-76.

Outstanding Teaching Assistant, University of Illinois, 1975.

Robert Demarest Outstanding Teaching Award, 1973.

Earhart Foundation Fellow, 1972-73.

SELECTED SERVICE ACTIVITIES

Secretary-Treasurer, Minnesota Economic Association, currently and 1980-1989

Occasional Contributor, St. Paul Pioneer Press Business Section

External Reviewer, Departments of Economics for Gustavus-Adolphus College (1994),

Hamline University (1998) and St. John's University (2000)

Educational Testing Service Faculty Consultant 1993-1995 and 1996-1997

College Board's Test Development Committee for AP Economics 1989-1992

Referee, Journal of Economic Education, ongoing; Business History Review, occasional

Economic Education Research Council of Japan, Consultant, 1992

Executive Director, Minnesota Council on Economic Education, 1980-1992 responsibilities included coordination of fundraising efforts, administration of budget (approximately $500,000/year), manage investment portfolio ($60,000), manage staff (three full-time and two part-time employees), and supervise programs at five state-wide centers for economic education.

Member, Board of Trustees, Consumer Credit Counseling Service, 1988-1991

Member, American Economic Association Committee on Economic Education,
1986-1989

Member, Governor's Commission on Economic Future of Minnesota, 1986-1988

Member, Advisory Board, International Journal of Social Education 1985-1987

American Accounting Association Committee on Research Opportunities, 1984-1987

President, American Educational Research Association Economics Education SIG,

1985-1986 and Program Chair 1986

Member, National Advisory Committee on Research in Economic Education, Joint
Council on Economic Education, 1984-1990

Consultant, Federal Reserve Bank of Minneapolis, 1984-1988

Chair State of Minnesota Task Force on Personal, Family and Consumer Economics,
1986-1983

Trustee, Business History Conference, 1982-1985

Director, Minnesota Coalition for Consumer Education, 1981-1985

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