Philip Coelho, Department of Economics, Ball State University

Dr. Philip R. P. Coelho
Professor of Economics

[Department of Economics | Econ 201 | Econ 116 |Econ 309]
[ College of Business | Ball State University] Inqsit

OFFICE: WB 128

PHONE and FAX: Phone: (765) 285-5376
Fax: (765) 285-8024

ADDRESS: Department of Economics
Ball State University
Muncie, Indiana 47306

E-MAIL: 00prcoelho@bsu.edu

EDUCATION

Graduate: University of Washington Seattle, Washington,
M.A., Ph. D. Economics .
College: Bowdoin College, Brunswick, Maine, A.B. Economics
Secondary: Fall River, Massachusetts

FIELDS

Economic Theory
Economic History and Development
Industrial Organization
International Economics
Public Finance
Health Economics

TEACHING EXPERIENCE

Graduate Theory, Graduate
Undergraduate Economic History, Public Finance
All Levels of Undergraduate Microeconomic Theory, Money and Banking, Finance

OFFICE HOURS: Schedule and Office Hours

RESEARCH

Professional Publications
Book Reviews
Other Publications (Selected)
Conference Papers (Selected)
Assumptions and Operationalism.Pdf

OTHER PERSONAL PROFILE

Awards, Fellowships, and Grants
Professional Appointments
Professional Organizations
Professional Service

PROFESSIONAL PUBLICATIONS

“Learning From Failure,” with James E. McClure, Mid-American Journal of Business, Vol. 20, No. 1(Spring 2005) pp.13-20.
“Theory vs. Application: Does Theory Crowd Out Evidence?” with James E. McClure, The Southern Economic Journal, January, 2005
“Fashion Cycles in Economics,” with James E. McClure and Daniel Klein. Economic Journal Watch, Vol. 1, No. 3 (December, 2004) at http://www.econjournalwatch.org/main/index
“Managing Homo Sapiens,” with James E. McClure and Enar Tunc, Total Quality Management & Business Excellence. Vol. 15, No. 2, (March 2004) pp.191-204.
“The Social Responsibility of Management: A Reprise,” with James E. McClure and John Spry, Mid-American Journal of Business, Vol. 18, No. 2, (Fall 2003) pp.51-55.
"The Social Responsibility of Corporate Management: A Classical Critique", with James E. McClure and John Spry, Mid-American Journal of Business, Vol. 18, No.1 (Spring 2003) pp.15-24.
"New or Old Economic History? Incentives and Development: A Review Essay of The Rise of the Western World" EH.NET Project 2000 (December, 2001) at http://www.eh.net/bookreviews/library/coelho.shtml.
"Diets versus Diseases: The Anthropometrics of Slave Children" with Robert A. McGuire, The Journal of Economic History, Vol. 60, No. 1 (March, 2000), pp.232-46.
"Biology Disease and Economics: An Alternative History of Slavery in the American South," with Robert A. McGuire, Journal of Bioeconomics, Vol.. 1, No. 2 (1999), pp. 151-90.
"The Costs of Free Land - Reply," with Cecil E. Bohanon, The Journal of Real Estate Finance and Economics, Vol. 19, No. 2 (1999), pp. 151-90.
"Social Context and the Utility of Wealth: Addressing the Markowitz Challenge," with James E. McClure, in the The Journal of Economic Behavior and Organization, Vol. 19, No. 2 (1999), pp. 165-67.
"An Exploratory Essay on the Impact of Diseases Upon the Interpretation of American Slavery," with Robert A. McGuire, in Joerg Baten and John Komlos, eds., The Biological Standard of Living in Comparative Perspective, Stuggart Germany: Fritz Steiner (1998), pp. 181-89.
"The Costs of Free Land: The Oklahoma Land Rushes," with Cecil E. Bohanon, The Journal of Real Estate Finance and Economics, Vol. 16, No. 2 (March, 1998), pp. 205-221.
"Diseases and African Slavery in the New World", with Robert A. McGuire. Junius P. Rodriguez, ed. The Historical Encyclopedia of World Slavery, 2 Volumes. Santa Barbara: ABC-CLIO (1997), pp. 217-19.
"Epidemiology and the Demographic Transition in the New World," Health Transition Review, Vol. 7, No. 2 (October, 1997), pp. 237-241.
"African and European Bound Labor in the British New World: The Biological Consequences of Economic Choices" with Robert A. McGuire, The Journal of Economic History, Vol. 57, No. 1 (March, 1997), pp. 83-115.
"Management Expenses and the Closed-End Fund Puzzle" with Michael Baur and Gary J. Santoni, The Journal of Economics, Vol. 22, No. 1, (1996), pp. 37-46.
"Toward an Economic Theory of Fashion" with James E. McClure, Economic Inquiry, Vol. 31, No. 4 (October 1993), pp. 595-608.
"Colonialism" entry in Magill's Survey of Social Sciences: Economics (Salem Press) Pasadena, CA (1991), pp. 334-339.
"Regulatory Capture and the Monetary Contraction of 1932," with Gary J. Santoni, The Journal of Economic History, Vol. 51, No. 1 (March, 1991), pp. 182-189.
"Taxes and Incentives: Horatio Alger vs. The Tax Man," with William P. Orzechowski, Atlantic Economic Journal, Vol. XIV, No. 3 (September, 1988), pp. 31-39.
"Barriers to Entry in the Market for Stud Services: Government and "Non-Profit" Institutions in Collusion," with James McClure, Economic Inquiry, Vol. 25, No. 4 (October, 1987), pp. 659-70.
"An Examination into the Causes of Economic Growth," Research in Law and Economics, Vol. 7 (1985), pp. 89-116.
"The Effects of Developments in Transportation on the Settlement of the Inland Empire," with Katherine H. Daigle, in Agricultural History, Vol. 56, No. 1 (January, 1982), pp. 22-36.
"The Market and Government Sponsored Industry," with David R. Knowles, in Explorations in the New Economic History, edited by Ransom et. al., Academic Press, (1982), pp. 213-233.
"The Impact of Regional Differences in Prices and Wages on Economic Growth: The United States in 1890," with James F. Shepherd, The Journal of Economic History, Vol. 39, No. 1 (March, 1979), pp. 69-85.
"Pollution, Direct Controls, Regulation and the Size of the Firm: Comment," American Economic Review, Vol. 65, No. 5 (December, 1976), pp. 976-978.
"Rules, Authorities and the Design of Not-for-Profit Firms," Journal of Economic Issues, Vol. 10, No. 2 (June, 1976), pp.416- 428.
"Regional Differences in Real Wages: The United States, 1851- 1880," with James F. Shepherd, Explorations in Economic History, Vol. 13, No. 2 (Spring, 1976), pp. 203-230.
"Externalities, Liability, Separability and Resource Allocation: Comment," American Economic Review, Vol. 65, No. 4 (September, 1975), pp. 721-723.
"Differences in Regional Prices: The United States, 1851-1880," with James F. Shepherd, The Journal of Economic History, Vol. 34, No. 3 (September, 1974), pp. 551-591.
"Illusory Regional Income Differentials," The Annals of Regional Science, Vol. 8, No. 2 (June, 1974), pp. 89-104.
"The End of the North-South Wage Differential: Reply," with Moheb Ghali, American Economic Review, Vol. 63, No. 4 (September, 1973), pp. 757-762.
"The Profitability of Imperialism: The British Experience in the West Indies," Explorations in Economic History, Vol. 10, No. 3 (Spring, 1973), pp. 253-280.
"The End of the North-South Wage Differential," with Moheb Ghali, American Economic Review, Vol. 61, No. 5 (December, 1971), pp. 932-937.
"Railroad Social Savings in Nineteenth Century America," American Economic Review, Vol. 58, No. 1 (March, 1968), pp. 184-186.

BOOK REVIEWS

Evolve!, in the Mid-American Journal of Business, Vol.17, No. 1, (Spring, 2002) pp.60-61.
A Thousand Years of Nonlinear History, in The Journal of Economic History, Vol. 61, No. 4 (December, 2001), pp. 1165-66.
Athenian Economy and Society in The Journal of Economic History, Vol. 59, No. 1 (March, 1999), pp. 205-06.
Warriors Into Traders: The Power of the Market in Early Greece, in The Journal of Economic History, Vol. 59, No. 1 (March, 1999), pp. 206-07.
Guns, Germs, and Steel: The Fates of Human Societies, in The Journal of Economic History, Vol. 58, No. 4 (December, 1998), pp. 1179-81.
The Rise of Christianity: A Sociologist Reconsiders History, in The Journal of Economic History, Vol. 58, No. 4 (December, 1998), pp. 1181-83.
Birth of the Leviathan in The Journal of Economic History, Vol. 58, No. 3 (September, 1998), pp. 874-75.
Civilizations and World Systems in The Journal of Economic History, Vol. 57, No. 1 (March, 1997), pp. 262-63.
The Economics of Non-Human Societies in The Journal of Economic Literature, Vol. 33 (December, 1995), pp. 1972-73.
Portuguese Emigration to the United States 1820-1930 in The Journal of Economic History, Vol. 52 (March, 1992), pp. 227-28.
Choosing the Right Pond, in Public Choice, Vol. 53 (1987), pp. 194-195.
History - The Human Gamble in Public Choice, Vol. 46 (1985), pp. 333-334.
The Evolution of Cooperation, in Public Choice, Vol. 45 (1985), pp. 107-108.
Ivory and Slaves, in The Journal of Economic Literature, Vol. 16, No. 2 (June, 1978), pp. 591-592.

OTHER PUBLICATIONS (Selected)

"Boycotts and Schools," with Cecil E. Bohanon , Muncie Star Press, 2001.
"Evolution and Financial Firms Survival," with James E. McClure, in Proceedings of the IX Conference of the North American Finance Association, June 1995.
"California Dreamin': Education in Lotus Land" Indiana Policy Review, February 1994, pp. 15-16.
"Day Care in Indiana: A Review of the Step Ahead Approach" with James E. McClure, Indiana Policy Review, March 1993, pp. 37-46.
"Downtown Development," The Muncie Star (Sunday, July 10, 1988) p. 14-A.
"Frogs Cause Warts," The Washington Times, (Friday, May 27, 1983), p. C-1.
"Forecasting 1982: Cautious optimism," Emphasis, (January 1982), p. 1,7.
"Gold Bonds: The Solution," EPIC, Vol. 4, No. 5 (March-April 1982), p. 5, 7.
"Foreign Aid: An Obstacle to Economic Growth," Policy Report, Vol. IV, No. 1 (January 1982), pp. 7-10.
"Windfall Profits Tax," editorial, Seattle Times (Monday, November 12, 1979), p. A-13.

CONFERENCE PAPERS (Selected)

"Operationalism and Economics," with James E. McClure. paper presented at the Western Economic Association, June, 2002.
"The Demand for children: Theoretical Conjectures vs. Biology and History," paper presented at the Western Economic Association, July, 2001
"Biology, Diseases, and Economics: An Alternative History of Slavery in the American South," with Robert A. McGuire. Paper presented at the Western Economic Association, July, 1998.
"A New Look at Some Old Issues: The Profitability of American Slavery in an Ecological Context," with Robert A. McGuire. Paper presented at the Social Science History Association Meeting in Washington, DC, November, 1997.
"The Impact of Diseases Upon the Economic History of Slavery and the American South," with Robert A. McGuire. Paper presented at the Third World Congress of Cliometrics, Munich, Germany, July 1997.
"An Exploratory Essay on the Impact of Diseases upon the Interpretation of American Slavery," with Robert A. McGuire. Paper presented at the Biological Standard of Living and Economic Development: Nutrition, Health and Well Being in Historical Perspective Conference in Munich Germany, January 1997.
"The Utility of Wealth: Absolute and Relative" with James E. McClure. Paper presented at the Southern Economic Association, November, 1996.
"Biology and History: Economic Consequences of Population Growth." Paper presented at the conference of the Atlantic Economic Association, October 1995.
"The Utility of Wealth: Absolute and Relative" with James E. McClure. Paper presented at the Western Economic Association, July, 1995.
"Evolution and Financial Firms' Survival," with James E. McClure. Paper presented at the Congress of the North American Economic and Finance Association, June 1995. (Reprinted in the Proceedings)
"African and European Bound Labor in the New World: The Biological Consequences of Economic Choices" with Robert A. McGuire. Paper presented at the Public Choice Society meetings March, 1995.
"The Cost of a Free Asset: Institutional Factors and the Oklahoma Land Rush" with Cecil E. Bohanon. Paper presented at the Allied Social Science Association Meetings, January 1995.
"The Cost of Free Land: The Oklahoma Land Rushes" with Cecil E. Bohanon. Paper presented at the Western Economic Association, July 1994.
"African Slavery in the New World: The Economic Consequences of Biological Factors," with Robert A. McGuire. Paper presented at the annual Cliometrics Conference, May 1994.
"The Economic Consequences of Biological Factors: The Slave Trade in the New World," with Robert A. McGuire. Paper presented at the Social Science History Association, November 1993.
"Amerindians to Europeans to Africans in the New World: A More Complete Explanation," with Robert A. McGuire. Paper presented at the Western Economic Association, June 1993.
"An Economic Analysis of Fashion," with James McClure. Paper presented at the Mid West Economic Conference, April 1991.
"Biology and Economics: A Deterministic Model of Economic History." Paper presented at the annual convention of the Western Economic Association, July 1987.
"An Economic Approach to Marketing" with James McClure. Paper presented at the annual convention of the Western Economic, Association, June 1985.
"An Examination into the Causes of Economic Growth." Paper presented at the annual convention of the Western Economic Association, June 1984.
"An Examination into the Causes of Economic Growth." Paper presented at the annual Cliometrics Conference, May 1984.
"On the Nature of Economic Growth and Political Economy." Paper presented at the annual convention of the Western Economic Association, July 1983.
"Barriers to Entry in the Market for Stud Services: Government and 'Non-Profit' Institutions in Collusion." Paper presented at the annual convention of the Western Economic Association, June 1982.
"The Effects of Developments in Transportation in the Settlement of the Inland Empire," with Katherine H. Daigle. Paper presented at the Agricultural History Conference, Davis, California, June 1981.
"Monetary Policy in an Inside-Money, Open Economy: Revisited," with Elliott Willman. Paper presented at the annual convention of the Eastern Economic Association, May 1979.
"The Impact of Regional Differences in Prices and Wages on Economic Growth: The United States in 1890," with James F. Shepherd. Paper presented at the annual meetings of the Economic History Association, Toronto, Ontario, September 1978.
"The Market and Government Sponsored Industry: A Case Study," with David R. Knowles. Paper presented at the annual convention of the Western Economic Association, June 1977.
"Rules, Authorities and the Design of Not-for-Profit Firms." Paper presented at the Allied Social Sciences Association Convention, Dallas, December 1975.
"Regional Differences in Urban Prices and Wages: The United States in 1890," with James F. Shepherd. Paper presented at the Fiftieth Annual Convention of the Western Economic Association June 1975.
"Differences in Real Money Wages in the United States, 1850- 1880," with James F. Shepherd. Paper presented at the Forty-Ninth Annual Convention of the Western Economic Association, June 1974.
"Regional Differences in Real Wages: The U.S. 1851-1880" with James F. Shepherd. Paper presented at the annual Cliometrics Conference, March 1975.
"Regional Cost-of-living Differences in the United States, 1851-1880," with James F. Shepherd. Paper presented at the Forty-Seventh Annual Conference of the Western Economic Association, August 1972.
"The Profitability of Imperialism: The British Experience in the West Indies. 1768-1772." Paper presented at the Forty-Sixth Annual Conference of the Western Economic Association, August 1971. Abstracted in the Western Economic Journal, September 1971.
"Inadequacies of Statistical Measures in Measuring Regional Disparities in Income." Paper presented at the Fifth Pacific Northwest Regional Economic Conference, April 1971.

AWARDS, FELLOWSHIPS, AND GRANTS

Ball State Summer Research Grant (jointly awarded to J. E. McClure and E. Tunc), Summer 1996.
John W. Fisher Fellowship, Summer 1996.
Senior Fellow, Indiana Policy Review, 1990 - Present.
George Ball Summer Research Grant (jointly awarded to J. E. McClure), Summer 1994.
John W. Fisher Fellowship (jointly awarded with J. E. McClure), Summer 1994.
George Ball Summer Research Grant (jointly awarded with G. J. Santoni) Summer 1991.
John W. Fisher Fellowship Award by Ball State University Foundation, Summer 1988.
Panelist on the Social Science Award Group for the National Endowment for the Humanities, 1983.
Rated an "Outstanding Professor" in Profscan: A Guide to the WSU Teaching Faculty - 1974, published by Seagull Enterprises, Seattle, Washington, 1974.
Grant awarded by the Research and Arts Committee of Washington State University for the academic year 1974-75 to study "Trends in Real Wages in the United States: 1881-1910.
Fellowship from the National Science Foundation Summer Institute for College Teachers of Economics at Brown University, Providence, Rhode Island, 1973.
Participant in the General Electric Seminar in "Recent Developments in Applied Economics" held at the University of Chicago, 1973.
Fellowship in the Associates Workshop in Business at the University of Western Ontario, London, Ontario, 1971.

PROFESSIONAL APPOINTMENTS

Ball State University, Department of Economics, Muncie, Indiana 47306, (Visiting Professor, 1983-84, 1986-87), Professor, 1987-present.
George Mason University, Department of Economics, Fairfax, Virginia 22030, Professor, 1981-1987.
Washington State University, Department of Economics, Pullman, Washington 99164, Associate Professor, 1972-1981.
University of Hawaii, Department of Economics, Honolulu, Hawaii 96822, Visiting Associate Professor, 1975-1976.
Saint Mary's University, Department of Economics, Halifax, Nova Scotia, Canada, Assistant Professor, 1970-1972.
University of Washington, School of Business Administration, Seattle, Washington 98107, Visiting Assistant Professor, 1969-1970.
Western Washington State College, Department of Economics, Bellingham, Washington 98225, Assistant Professor, 1967-1969.

PROFESSIONAL ORGANIZATIONS

American Economic Association
Cliometrics Association
Economic History Association
International Society for Bioeconomics
Social Science History Association
Society for the Social History of Medicine
Western Economic Association

PROFESSIONAL SERVICE

Occasional referee for: National Science Foundation, Journal of Human Resources, American Economic Review, Explorations in Economic History, The Journal of Economic History, and Economic Inquiry.
Board of Editors for the Journal of Bioeconomics.
Board of Directors for the Western Economic Association, 1998-2001.
Senior Fellow, Indiana Policy Review, 1990-97.