Economics and Management Major and Minor

E&M associate professor John Carlson went back to college at age 57 to earn his Ph.D. and has now found a home at Albion where he has developed a reputation of teaching accounting in a relatable and interesting way. This year his work has also earned him a state excellence in teaching award.

2017 Albion grad Jamal Yearwood, who majored in Spanish and minored in management as a member of the Institute for Healthcare Professions, was second author on a health policy article published in The Lancet—one of the very top academic journals in general medicine.

Larry Steinhauer, professor emeritus of economics and management, passed away on Christmas Day at his home in Albion, at the age of 75. A student of Nobel Prize-winning economist Milton Friedman, Steinhauer’s research and teaching focused on money, money systems and the Federal Reserve. Over his 32 years with Albion, he taught and mentored many successful Albion alumni, including some who have gone on to become Fortune 500 executives, entrepreneurs and leaders in a wide range of industries. A celebration-of-life service will be held at Goodrich Chapel on Saturday January 27, at 11 a.m.

“It’s a huge legal document with a lot of SEC regulations,” says Laura Newbury, ’18, of Intel’s annual report. “I wasn’t breaking them or going over the line, but sometimes nudging what we could do within those rules.” An intern who “nudges” SEC guidelines sounds like a supervisor’s worst nightmare, but Newbury says her work was about best practice. She spent the summer with Intel’s external reporting headquarters in Portland, Oregon, following the company mandates to “rock the boat” and “change something.”

Vicki Baker, professor of economics and management, has been studying the changing definition and scope of liberal arts colleges, and her research has drawn the interest of national media.

“When people come in to a tax situation, it’s stressful,” says Albion College junior Maggie Troost, who will spend some 80 hours this spring working with the College’s Volunteer Income Tax Assistance (VITA) program. “I feel like we can show people they don’t have to be stressed out, because we can relax and not only talk about taxes.”

Vicki Baker, associate professor of economics and management at Albion College, along with professors in Arizona and Pennsylvania, are researching the needs and concerns of a subset of professors who, according to Baker, “don’t get a lot of attention.” Their work has been bolstered by a $50,000 grant from the New York-based Henry Luce Foundation that will engage 20 mid-career professors in a yearlong study and result in a new book on the subject in 2017.

Memorial service scheduled for May 10 in Chelsea