At present, there are 22 Fellows of the Institute. In addition to conducting research, most of the Fellows also teach courses at the main Homewood Campus of The Johns Hopkins University. These courses are taught in the following departments: Economics, Geography and Environmental Engineering, History and Political Science. The joint teaching of Applied Economics and Finance between Prof. Hanke and Institute Fellow, Ryan Guttridge, for the past 10 years illustrates one of the many types of activities in which Fellows are engaged. In their course of teaching, Hanke and Guttridge have developed an innovative valuation model – the so-called Hanke-Guttridge Discounted Cash Flow Model – for valuing companies that trade on organized exchanges.
Eric John Abrahamson is an economic historian who has written about various regulated industries including telecommunications, financial services and electric utilities, as well as philanthropy. He is president of Vantage Point Historical Services, Inc.
Abrahamson received his Ph.D. from Johns Hopkins University. He is the author or co-author of a number of books including Building Home: Howard F. Ahmanson and the Politics of the American Dream (University of California Press, 2013); Spirited Commitment: The Samuel & Saidye Bronfman Foundation (McGill-Queens University Press, 2010) and Anytime, Anywhere: Entrepreneurship and the Creation of a Wireless World (Cambridge University Press, 2002).
Abrahamson edited a series of books on the history of the Rockefeller Foundation. He wrote Beyond Charity: A Century of Philanthropic Innovation (Rockefeller Foundation, 2013) and co-authored Democracy & Philanthropy: the Rockefeller Foundation and the American Experiment (Rockefeller Foundation, 2013).
Alan D. Anderson
After teaching for seven years at Princeton University and Carnegie Mellon University, Alan D. Anderson entered the natural gas business, first at a natural gas pipeline company and then at his own consulting firm, Energy Planning, Inc. He was a key player in the transition of the natural gas industry from a heavily regulated utility to one controlled by market forces. Anderson’s consulting practice included the management of a pipeline, testimony before State and Federal agencies, and expert testimony in litigation. His firm published thousands of pages of data and analysis concerning the natural gas industry. Anderson is currently writing on economic policy issues.
Uttam Bajwa is a Fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise and a Visiting Scholar at the University of Toronto. She is currently working on a book manuscript entitled "Frontier Enterprise: Immigrant Winemaking in Mendoza, Argentina (1884-1914)". Her research is in the social and economic history of modern Latin America and the Caribbean, with particular interest in migration, food and agriculture, entrepreneurship, and bottom-up economic development. Ms. Bajwa has a Ph.D. in History from the Johns Hopkins University.
Phone: (301) 949-2590
Dalit Baranoff is a business historian specializing in the history of insurance and risk management. She is currently employed as a consultant, researching and writing about the insurance industry and insurance history.
After receiving her Ph.D. from Johns Hopkins University, Baranoff taught U.S. history and worked on a number of research projects. She has conducted research on the dot-com era, the pharmaceutical industry, entrepreneurship, and engineering management, as well as insurance. Baranoff also spent four years as a content editor at ProQuest, where she contributed to History Vault, a digital archive product.
William A. Barnett
Dr. William A. Barnett is an eminent economic scientist and originator of the Divisia monetary aggregates and the “Barnett Critique.” His work in the area of monetary and financial economics has been highly influential in shaping academic and central-bank staff research in the last thirty years.
Dr. Barnett is Oswald Distinguished Professor of Macroeconomics at the University of Kansas Department of Economics and Core Faculty Member of the Center for Global and International Studies at the University of Kansas, as well as Senior Fellow of the IC2 Institute at the University of Texas at Austin. He is Founder and Editor of the Cambridge University Press journal, Macroeconomic Dynamics, and Founder and Editor of the Emerald Press monograph series, International Symposia in Economic Theory and Econometrics. Dr. Barnett recently founded the Society for Economic Measurement and serves as president. He is also director of the Advances in Monetary and Financial Measurement Program at the Center for Financial Stability.
He previously was on the staff of the Board of Governors of the Federal Reserve System in Washington, DC for eight years, was Stuart Centennial Professor of Economics at the University of Texas at Austin, Full Professor of Economics at Washington University in St. Louis, and Research Associate at the University of Chicago.
Dr. Barnett has published over 180 articles in professional journals and 32 books, as either author or editor. He co-authored the book, Inside the Economist's Mind, with the late Paul Samuelson, America‘s first Nobel Prize Winner in Economics. He has also received over 25 different awards and honors. In 2013, Dr. Barnett was awarded the Balfour S. Jeffrey Research Award in the Humanities and Social Sciences. He won the American Publishers Award for Professional and Scholarly Excellence (the PROSE Award) for the best book published in economics in 2012, Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy.
Phone: (410) 516-5478
Renée Marlin-Bennett is Professor of Political Science at Johns Hopkins University in Baltimore, Maryland, USA. Her current research projects examine the global politics of information and information technology. She is the author of two books, Knowledge Power: Intellectual Property, Information, and Privacy (Lynne Rienner Publishers, May 2004) and Food Fights: International Regimes and the Politics of Agricultural Trade Disputes (Gordon & Breach, 1993; reissued by Routledge Revivals), and the editor of one, Alker and IR: Global Studies in an Interconnected World (Taylor and Francis, 2011), in addition to articles and book chapters. She is currently the general editor of the International Studies Association’s International Studies Compendium Project (Wiley Blackwell). Before coming to Johns Hopkins, she served on the faculty of International Relations at the School of International Service, American University, Washington, DC, USA. She earned her doctorate in political science from the Massachusetts Institute of Technology and her B.A. cum laude in international relations from Pomona College.
Nancy K. Berlage
Phone: (512) 245-4529
Dr. Nancy K. Berlage is Assistant Professor for the History Department and Public History Program at Texas State University. Berlage is currently writing on the history of agricultural economic development and rural public health in gendered and cultural contexts. She previously served as Chief Editor and Senior Historian (GS-15) for the Office of the Secretary of Defense in Washington, DC. Prior to that, she was volumes editor for the Defense Acquisition History Project at the U.S. Army Center of Military History; Senior Historian with History Associates; and she ran her own consulting company, which won public history contracts with the National Institutes of Health. Additionally, she served as Assistant Editor of the Papers of Dwight David Eisenhower at Johns Hopkins University.
Prof. Bienkowski is Dean of the Faculty of Economics and Management and Director of US Economy and Transatlantic Relations Institute at Lazarski University in Warsaw, Poland. He was a Visiting Scholar at Harvard University, Nagoya City University in Japan, George Mason University, and Johns Hopkins University. In addition, he has conducted research in Germany (RFE/RL Institute in Munich), Austria, Italy (the Rockefeller Conference and the Study Center at Bellagio), and USA (University of Rochester).
Prof. Bienkowski wrote and coauthored dozens of articles and several books, which were published by well-regarded scholarly journals and distinguished publishing houses (The Harvard International Review, Comparative Economic Studies, The Journal of Comparative Economics, Palgrave-Macmillan, Cambridge University Press, M.E. Sharpe, Maruzen, PWN PWE).
Prof. Bienkowski belongs to many professional organizations and associations, including the Harvard Club of Poland (Vice President of the Board since 2009), the W. Fulbright Scholar Association, the Salzburg Seminar Alumni Association, the Foreign Trade Faculty Alumni Association, and the Association of Polish Economists (TEP). He is also a fellow at the Institute for Applied Economics and the Study of Business Enterprise at John Hopkins University. Prof Bienkowski served as an advisor to Poland’s Minister of Economy in 2006 and 2007.
Galen Burghardt is a specialist in finance with a focus on futures markets. He is the lead author of The Treasury Bond Basis, The Eurodollar Futures and Options Handbook, and Managed Futures for Institutional Investors. He was Adjunct Professor of Finance at the Chicago Booth School, where he taught a popular MBA course in futures, swaps, and options from 1991 to 2005. He has been a director of research for several prominent futures commission merchants. He was director of financial research for the Chicago Mercantile Exchange, and an economist with the Board of Governors of the Federal Reserve Board in Washington, D.C. He holds a Ph.D. in economics from the University of Washington.
Thomas Coleman is Executive Director of the Center for Economic Policy Research at the University of Chicago Harris School of Public Policy, focused on teaching students about financial markets. For 2012-2014 Mr. Coleman was Executive Director and Senior Advisor at the Becker Friedman Institute for Research in Economics at the University of Chicago, a center supporting inquiry on central questions of economic and social significance, and Adjunct Professor of Finance at the Chicago Booth School of Business. Prior to returning to the University of Chicago in 2012 Mr. Coleman worked in the finance industry for over twenty years, with considerable experience in trading, risk management, and quantitative modeling. Positions included head of Quantitative Analysis and Risk Control at Moore Capital Management, Llc responsible for firm-wide risk management and supporting quantitative infrastructure; a director and founding member of Aequilibrium Investments Ltd., a London-based hedge fund manager, with responsibility for risk management, portfolio management, and research; roles on the sell side in fixed income derivatives research and trading at TMG Financial Products, Lehman Brothers, and S.G. Warburg in London.
Mr. Coleman is the author of Quantitative Risk Management, published by Wiley (http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118026586.html ) and A Practical Guide to Risk Management published by the Research Foundation of the CFA Institute (the most widely distributed Research Foundation monograph, available for free download at http://www.cfapubs.org/toc/rf/2011/2011/3 ). Before entering the financial industry Mr. Coleman was an academic, teaching graduate and undergraduate economics and finance at the State University of New York at Stony Brook. Mr. Coleman earned his PhD in economics from the University of Chicago, and his BA in physics from Harvard. He continues to publish in various journals.
Christopher L. Culp
Christopher Culp is a Senior Advisor with Compass Lexecon, Adjunct Professor at the Swiss Finance Institute, and Adjunct Professor at Universität Bern in the Institut für Finanzmanagement. From 1998 through 2013, Dr. Culp was an adjunct faculty member at The University of Chicago's Booth School of Business. He has taught graduate-level courses on derivatives, financial instruments, insurance, investments, and structured finance, and he provides advisory consulting services and testimonial expertise in these same areas. Culp is the author of four books – Structured Finance & Insurance (Wiley, 2006), Risk Transfer: Derivatives in Theory & Practice (Wiley, 2004), The ART of Risk Management (Wiley, 2002), and The Risk Management Process (Wiley, 2001) – and the co-editor of two books – Corporate Aftershock: The Public Policy Consequences of the Failure of Enron and Other Major Corporations (Wiley, 2003; co-edited with William Niskanen), and Corporate Hedging in Theory & Practice (Risk Books, 1999; co-edited with Merton Miller). He has published numerous articles, and is on the editorial advisory boards of the Journal of Applied Corporate Finance and the Journal of Structured Finance, and he is a Charter Member of Risk Who’s Who. He was previously a member of the editorial advisory boards of Derivatives Quarterly, Futures Industry magazine, and the Journal of Risk Finance. He holds a Ph.D. (with a concentration in finance) from The University of Chicago’s Booth School of Business and a B.A. in economics (Phi Beta Kappa, general honors, and departmental honors) from The Johns Hopkins University.
Robert Wayne Garnet
Phone: (202) 957-7051
Dr. Garnet earned his B.A. (Social and Behavioral Sciences, 1972) and his Ph.D. (History, 1984) at the Johns Hopkins University where he studied American economic and business history under Louis Galambos. His thesis and first book, The Telephone Enterprise, was a study of the early corporate and organizational development of the Bell System and was published by Johns Hopkins Press in 1985. In 1978, Dr. Garnet was employed by AT&T to conduct historical research in support of the company's anti-trust defense. Dr. Garnet retired from AT&T in 2000 after a career specializing in public policy and regulatory issue in the company's public and media relations department. Since 2004, Dr. Garnet has been a visiting scholar and fellow of the Institute of Applied Economics, Global Health and the Study of Business Enterprise at Johns Hopkins.
Dr. Garnet's current interest and research focuses on the impact of economic ideas and politics driving the most recent debate and implementation of regulation of the telecommunications industry.
Brian Gunia is an assistant professor at the Johns Hopkins Carey Business School. He holds a Ph.D. in management from Northwestern University. Brian’s research focuses on negotiation, ethical decision-making, and organizational failure. It has been published in several academic journals including the Academy of Management Journal, Journal of Applied Psychology, and Annual Review of Psychology. Brian’s research has also been featured in popular media outlets like The Economist, Wall Street Journal, and Forbes. Brian has received several awards for his research and teaching, and he is the founder of the Carey School’s Business in Government Initiative. Previously, Brian worked as a consultant at Deloitte.
Ryan Guttridge, CFA is the Managing Partner at Richmond Optimus Capital Management, a fee only Register Investment Advisor. He is also a fellow of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise and a Visiting Scholar in the History Department at The Johns Hopkins University. Ryan fields of expertise include analysis of publicly traded securities, business valuation, and strategic consulting.
Professor Miranti’s interests include business and accounting history. Professor Miranti has published widely in academic journals and is the author of three books: Accountancy Comes of Age: The Development of American Profession, 1886-1940 (University of North Carolina Press), The Institute of Accounts: Nineteenth Century Origins of Accounting Professionalism in the United States (Routledge) and A History of Corporate Finance (Cambridge University Press.) The latter work has also been translated into Chinese, Italian and Japanese.
Phone: (410) 516-6135
Dr. Barbara Morgan is a labor economist and Senior Lecturer in the Department of Economics at Johns Hopkins University. Dr. Morgan currently teaches courses in Labor Economics, Quantitative Methods, the Economics of Discrimination, Global Health and Development, and Inequality and Social Policy. A continuing focus of Dr. Morgan’s teaching and research has been on the dynamic nature of the relationship between firms and their employees and the many types of government regulations that influence this relationship. What are the barriers and opportunities facing both employers and workers in the new global economy, an economy revolutionized by rapidly changing technologies? What is the rationale for, and the economic effect of, government policy in this area? Dr. Morgan’s research and consulting experience includes topics such as the impact of unions on firm profitability and productivity, contingent labor, methodological approaches to labor market discrimination, incentives in workers’ compensation programs and associated litigation, and medical malpractice. She holds a Masters degree from Cambridge University, England and a Ph.D. in Economics from Florida State University.
Hesam Motlagh is a quantitative research analyst at Croft-Leominster Investment Management in Baltimore, where he focuses on equity valuation and portfolio theory. He has authored or co-authored numerous research articles and book chapters, including a review that was highlighted on the cover of Nature magazine. He is a fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, where he is a participant in Prof. Hanke’s course Applied Economics and Finance. His current research interests include portfolio optimization, machine learning algorithms as they apply to asset pricing, and value investing. He holds a Ph.D. in Molecular Biophysics from Johns Hopkins University, and two B.S. degrees: one in Biochemistry and a second Mathematics & Statistics both from Miami University, Ohio.
Prior to becoming a general partner of H.C. Wainwright & Co. in 1977, Mr. Ranson taught economics at the University of Chicago’s Booth Graduate School of Business. He has been an assistant to then Treasury Secretary William E. Simon, and a member of George P. Shultz’s personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. In 1989 he became president and director of research at Wainwright Economics, now known as HCWE, an independent investment research firm now located in Cambria, California. David Ranson has addressed audiences and published articles on a wide range of economic and investment topics, and has provided testimony to a number of Congressional committees. His work has appeared in the Wall Street Journal, the New York Times, Barron's, the Economist, Forbes, and other publications. He holds M.A. and B.Sc. degrees from Queen’s College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago.
A former pharmaceutical research chemist, Leo B. Slater earned a Ph.D. in History at Princeton University in 1997 and has held a number of fellowships and positions including: the DeWitt Stetten, Jr., Memorial Fellowship in the History of Biomedical Sciences and Technology, Office of NIH History; Fellow at the Institute for Applied Economics, Global Health, and the Study of Enterprise of The Johns Hopkins University; and Director of Historical Services at the Chemical Heritage Foundation. In 2009, he published “War and Disease: Biomedical Research on Malaria in the Twentieth Century” (Rutgers University Press). He is currently Historian of the Naval Research Laboratory (NRL) in Washington, DC, and is working on a history of NRL since World War II and a history of the development of GPS.
Jeffrey L. Sturchio
Phone: (212) 365-7517
Jeffrey L. Sturchio is President and CEO at Rabin Martin, a global health strategy consulting firm, and former President and CEO of the Global Health Council. Before joining the Council in 2009, Dr. Sturchio was vice president of Corporate Responsibility at Merck & Co. Inc., president of The Merck Company Foundation and chairman of the U. S. Corporate Council on Africa, whose 150 member companies represent some 85 percent of total US private sector investment in Africa. He is chairman of the BroadReach Institute for Training and Education and a member of the boards of the U. S. Pharmacopeia and the Museum of AIDS in Africa.
Dr. Sturchio is also currently a visiting scholar at the Institute for Applied Economics, Global Health and the Study of Business Enterprise at The Johns Hopkins University; a senior associate of the Global Health Policy Center at the Center for Strategic and International Studies; a principal of the Modernizing Foreign Assistance Network; a Fellow of the American Association for the Advancement of Science; and a member of the Council on Foreign Relations. He received an AB in history from Princeton University and a Ph.D. in the history and sociology of science from the University of Pennsylvania. His publications include “Noncommunicable diseases in the developing world: addressing global gaps in policy and research” (edited with L. Galambos, Johns Hopkins University Press, 2013).
John A. Tatom
Phone: (317) 270-4055
CV: John Tatom CV_2014.pdf
John A. Tatom is a fellow at the Institute for Applied Economics, Global Health and the Study of Business Enterprise at Johns Hopkins University. From 2005 to March 2014, he was Director of Research at Networks Financial Institute. Earlier he was chief US Economist at UBS Asset Management, Executive Director and head of country research at UBS in Zurich and lead economist for emerging market and developing countries. From 1976 to 1995, he was Assistant Vice President and policy adviser at the Federal Reserve Bank of St. Louis. He has taught at several colleges and universities. He holds a Ph.D. from Texas A&M University.
Andria van der Merwe
Andria van der Merwe is a Vice President at Compass Lexecon where she focuses on securities litigation and regulatory investigations and proceedings. Andria specializes in issues related to fixed income markets and market microstructure, including liquidity, high frequency trading, spoofing and market manipulation. She is also the holder of three U.S. patents and has published several research papers in internationally renowned journals. Dr. van der Merwe is the author of Market Liquidity Risk: Implications for Asset Pricing, Risk Management and Financial Regulation published by Palgrave Macmillan in 2015. She holds a Ph.D. in electrical engineering from the Ohio State University and an MBA from the University of Chicago’s Booth School of Business. She was an adjunct professor at the Illinois Institute of Technology, where she taught graduate level courses on fixed-income asset pricing and modeling.
Stephen J. K. Walters
Phone: (410) 617-2313
Stephen J.K. Walters is the author, most recently, of Boom Towns: Restoring the Urban American Dream (Stanford University Press, 2014). He is a Professor of Economics at Loyola University Maryland, a fellow of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University, and also serves as Economic Advisor to the Baltimore Orioles major league baseball team. Dr. Walters is an applied microeconomist. His fields of expertise include urban economics, sports economics, government regulation of business, and the economic analysis of law. His many scholarly articles have appeared in The Journal of Law & Economics, Southern Economic Journal, The Cato Journal, Regulation, and Journal of Sports Economics. He is also the author of Enterprise, Government, and the Public (McGraw-Hill, 1993) and editor of Econversations (Pearson, 2013).
Dr. Xiang Songzuo is Chief Economist of the Agricultural Bank of China. He is also Executive Deputy Director and a Senior Fellow at the International Monetary Institute of Renmin University of China and Deputy Chairman of the Advisory Board, Official Monetary and Financial Institutions Forum (OMFIF). In addition, he is President of the China Institute of International Capital Management.
Dr. Xiang earned a master’s degree of International Affairs in Economic Policy Management from Columbia University as well as a master’s degree and Ph.D. in economics from Renmin University of China. He earned a bachelor of Mechanical Engineering from Huazhong University of Science & Technology. In 1998 and 1999 he was a visiting scholar at the Judge Institute of Management Studies, Cambridge University, UK.