William J. Luther joined the Economics Department at Kenyon College in 2012. Originally from Ohio, he graduated summa cum laude from Capital University, earning a B.A. in Economics. He earned his M.A. and Ph.D in Economics at George Mason University. He is currently an adjunct scholar with the Cato Institute's Center for Monetary and Financial Alternatives and a fellow with the Atlas Network's Sound Money Project.
Luther is primarily interested in questions of currency acceptance and the role governments play in determining commonly accepted media of exchange. Along these lines, he has written extensively on the monetary regime of Somalia following state collapse in 1991 and the cryptocurrency bitcoin. His work has received attention from many popular media outlets, including National Public Radio, The Economist, The Christian Science Monitor, New Scientist, and VentureBeat.
In his free time, Luther enjoys cycling, hiking, and playing with his cat.
Areas of Expertise
Monetary Economics, Macroeconomics, History of Economic Thought
Education
2012 — Doctor of Philosophy from George Mason University
2011 — Master of Arts from George Mason University
2008 — Bachelor of Arts from Capital University, summa cum laude
Courses Recently Taught
ECON 102
Principles of Macroeconomics
ECON 102
This course studies national economic performance. Building upon the microeconomic theories of consumer and producer behavior developed in ECON 101, the course introduces models that focus on the questions of unemployment, inflation, and growth. Topics covered include measurement of national income and inflation, macroeconomic models, saving and investment, money and banking, fiscal and monetary policy, and international trade and finance. This course is required of students who major in economics. Prerequisite: ECON 101.
ECON 355
Business Cycles
ECON 355
This course explores the patterns of change of the national economy, through business cycle expansions and recessions, and their effects on employment and income. Data on U.S. and worldwide economies will be analyzed to identify regular behavior that characterizes a macroeconomic business cycle. Economic theories will be offered that specify different initial causes of the cycle, some of which are endogenous while others are outside influences such as government policy or technological change. Theories also suggest how the cause is able to generate the full cycle that affects the macroeconomy. The Great Depression of the 1920s and 1930s will be considered as an extreme example. Recent and current cycles will be considered to understand their causes and characteristics. Prerequisite: ECON 101 and ECON 102 or permission of instructor.
ECON 359
History of Political Economy
ECON 359
This course explores the history of ideas in economics. Special attention is given to how economic ideas have informed public policy and popular opinion on the proper role of government. The course aims to develop a deeper understanding of the methods of economic argumentation, including common assumptions and the typical form. After completing this course, the successful student will be able to analyze modern economic theories in light of historical views and critically examine the policy recommendations that follow from these theories. Prerequisite: ECON 101 and 102. Offered every other year.
ECON 391
ST: History of Econ. Thought
ECON 391
ECON 397
Junior Honors Seminar
ECON 397
This seminar is for juniors who are candidates for honors in economics. Students undertake a series of research projects, write papers, and discuss the results of their research with fellow students. This course counts as an Economics Department seminar. Prerequisites: junior standing and permission of instructor.
ECON 497
Senior Honors Seminar
ECON 497
This seminar is for seniors who are candidates for honors in economics. Students undertake a series of research projects, write papers, and discuss the results of their research with fellow students. This course counts as an Economics Department seminar. Prerequisite: permission of instructor.
