David Hakes

Professor of Economics




Education

Ph.D. (Economics -- Monetary and International) Iowa State University; B.S.  (Economics and Industrial Administration) Iowa State University.


Teaching Interests

Principles and Intermediate Macroeconomics, Money and Banking, History of Economic Thought.


Research Interests

Monetary Policy, Central Banking, Financial Markets, Macroeconomics.


Responsibilities

Editor, Journal of Economics.


Professional Accomplishments

David's macroeconomic and monetary policy research has been published in a variety of academic journals, such as the Journal of Money, Credit, and Banking, Southern Economic Journal, Public Choice, Journal of Macroeconomics, Eastern Economic Journal, and History of Political Economy. He also writes the study guides that accompany the most popular principles of economics and money and banking textbooks. He is well respected as an outstanding teacher, and was recognized with the 2003 UNIBusiness Faculty Teaching Award. David also earned the UNIBusiness Scholarly Achievement Award in 1995, the UNIBusiness Service Award in 2000, and the Regents Award for Faculty Excellence in 2000.


Latest News & Views


George Graham Rice
SCAMMER OF A CENTURY AGO PIONEERED TACTICS USED TODAY

George Graham Rice? Never heard of him. Who is he? A century ago, though, he was a famous flamboyant scammer, a pied-piper of stock manipulation.

While incarcerated for the third or fourth time, he wrote a series of periodical articles that eventually coalesced into a book. As with other scammers, Rice was brazen, even boastful about his felonious escapades. He wryly entitled his book My Adventures with Your Money.

1 month 2 weeks ago
Closed Sign
Good-bye, mom and pop restaurants and shops

Most of my readers are familiar with small towns in Iowa that have longstanding family-owned businesses, such as family eateries. Grandparents, parents, and children may own and work in these restaurants. They often have loyal employees that are “part of the family.” These owners may be unable to afford to pay their workers much more than $10 per hour, to say nothing of the proposed $15 per hour minimum wage.

2 months 3 weeks ago
Dictionary Billionaire
All hail the billionaire

After months of dreary experimentation in her basement, Dr. von Frankenstein, PhD, has concocted an effective antidote and vaccine for a deadly virus sweeping the United States. She files and receives a patent for her discovery.

3 months 2 days ago
Piggy Bank
New ways to milk customers

There’s a new way marketers are getting young people to fork over their money. The new tactic revolves around consumers making four payments of one-quarter the retail price of an item (Amanda Mull, “Jeans Now, Pay Later,” Atlantic, January/February 2021, 18-20). This is just the old come-on--“Buy now, pay later”—in a new guise.

3 months 2 days ago
Money in Wallet
What does it mean to live the good life?

By anyone’s estimation, the recently deceased Vernon Jordan was a “mover and shaker.” A commentary on his life referred to him as, “a civil-rights leader, Washington insider, Wise Man, power broker, deal maker, rainmaker, Wall Street banker and, as an interviewer put it a few years ago in the Financial Times, ‘the most connected man in America (Peggy Noonan, “America Loses a Wise Man,” Wall Street Journal, March 6-7, 2021, A13).’” Whew!

3 months 1 week ago
Sharnae Lamar
Sharnae Lamar brings her talents overseas

Understanding personal finance is a luxury where Sharnae Lamar (Finance and Economics, ’16) grew up. On the east side of Des Moines, Lamar says there aren’t many people who know how to manage money, invest, grow income — so when she had the opportunity to go to college, business was of interest.

3 months 3 weeks ago