Steven Medema, a professor of economics and President’s Teaching Scholar at the University of Colorado Denver, recently presented a lecture on the history of economics as the recipient of the Outstanding Faculty Achievement Award.
Economics Chairman Buhong Zheng introduced Medema as a “longtime faculty member who has an outstanding record of teaching, research and service.” The achievement award is one of the highest honors awarded by the College of Liberal Arts and Sciences.
Medema began his lecture with the history of economics starting in the age of Plato and Aristotle continuing to the late 1700s. “Basically for 2,000 years you have the same thinking: self-interest leads to state regulations,” surmised Medema. He continued his remarks by discussing the change of thinking in economics to one of “less governmental control” and then back again.