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On the Importance of Education

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Abstract

The role of education in economic growth has been clearly established. This address is concerned with several issues: What are the benefits and costs of education? Where does the United States stand in educational attainment in historical perspective and relative to OECD nations? What can NABE as a group do to improve education of business economists? What can NABE individual members do?

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NABE Presidential Address, presented at the NABE Annual Meeting in Dallas, TX, September 13, 2011.

*Richard L. Wobbekind was the president of the National Association for Business Economics for 2010–2011. He is Executive Director of the Business Research Division and Senior Associate Dean for Academic Programs at the University of Colorado Boulder. He joined the faculty at the Leeds School of Business in 1985, and has served as Associate Dean since 2000. His responsibilities include developing an annual consensus forecast and performing various economic impact assessments of the Colorado economy. Wobbekind also produces the quarterly Leeds Business Confidence Index for Colorado, participates annually in the Kansas City Federal Reserve Bank Regional Economic Roundtable, and is a contributor to the Western Blue Chip Economic Forecast newsletter. He is a member of the Governor's Revenue Estimating Advisory Committee, the Denver Regional Council of Governments’ Forecast 2035 Advisory Committee, and other state and local councils and has won awards for his teaching, research, and community service. Wobbekind teaches MBA students in macroeconomics, public policy, entrepreneurship, and managerial economics. He received a BA in economics from Bucknell University and an MA and Ph.D. in Economics from the University of Colorado at Boulder.

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Wobbekind, R. On the Importance of Education. Bus Econ 47, 90–96 (2012). https://doi.org/10.1057/be.2012.5

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