James Patrick Keeler
September 2008
Department of Economics
Kenyon College
Gambier, Ohio, 43022
(740) 427-5285 KEELER@KENYON.EDU
13510 Vincent Road
Mt. Vernon, Ohio, 43050 (740) 393-0823
Areas of Specialization
Teaching: econometrics, macroeconomic theory
Research: transportation economics, business cycle theory
Ph.D. Fields: econometrics and transportation economics

Education
Ph.D. in Economics and Business, Indiana University, 1981.
Dissertation: Innovation in U.S. Trunk Airlines
B.B.A. in Economics, Ohio University, 1974, Summa Cum Laude.

Experience
Professor of Economics, Kenyon College, 1997 - present
Offering courses in principles, econometrics, empirical, macroeconomics.
Associate Professor of Economics, Kenyon College, 1988 - 1997.
Assistant Professor of Economics, Kenyon College, 1985 - 1988. Tenured July 1987.
Visiting Assistant Professor of Economics, Kenyon College, 1984-1985.
Assistant Professor of Economics and Finance, University of Alabama, 1981-1985, Instructor, University of Alabama, 1979-1981.
Taught courses in principles of economics, macroeconomics, and at both the undergraduate and graduate levels, transportation economics, mathematical economics and econometrics.
Associate Instructor, School of Business, Indiana University, 1978-1979.
Associate Instructor, Department of Economics, Indiana University, 1976-1978.
Research Assistant, Department of Economics, Indiana University, 1974-1976.

Academic Research and Development
Recipient, Kenyon College Faculty Development Grants
May 1997, attending a workshop on Active Learning, University of North Carolina.
October 1994, attending workshop on teaching macroeconomics, Miami University.
October 1993, March 1988, for purchase of data on U.S. passenger airlines.
Recipient, Summer Research Fellowship, Kenyon College, April 1985.
Title: "Stability of the U.S. Airline Industry"
Recipient, Economics Department Research Award, University of Alabama, June 1984.
Title: "Regulated Firms in Unregulated Markets"
Graduate School Fellowship
Department of Economics, Indiana University, 1974-1975.

Keeler -2-

Publications
"Some Insights into the Reliability and Validity of the Ayer Battery of Emotional Responses",
with William L. James, Art Kover and Brenda Sonner, Journal of Targeting, Measurement and Analysis for Marketing, Vol. 13, 4, 2005, pp. 374-382.
"Measuring Excess Capacity in U.S. Passenger Airlines," International Journal of Transport Economics, XXXI:2, June 2004, pp. 157-181.
"Empirical Evidence on the Austrian Business Cycle Theory," The Review of Austrian
Economics, 14:4, December 2001, pp.331-351.
"Cost Economies and Consolidation in the U.S. Airline Industry," with John P. Formby,
International Journal of Transport Economics, XXI:1, February 1994, pp. 21-45.
"X-efficiency, Rent-Seeking and Social Costs: Reply," with John Formby and Paul Thistle,
Public Choice, Vol. 68, January 1991, pp. 267-271.
"Costs Under Regulation and Deregulation: The Case of U.S. Passenger Airlines," with
John P. Formby and Paul Thistle, The Economic Record, December 1990, p.308-21.
"A Comment on Misconceptions About Austrian Business Cycle Theory," with James
Clark, Review of Austrian Economics, Volume IV, Spring 1990, pp. 208-211.
"Estimating Money Demand in Log-First-Difference Form: Reply," Southern Economic
Journal, April 1989, pp. 1040 - 1043.
"X-efficiency, Rent Seeking and Social Costs," with John P. Formby and Paul Thistle,
Public Choice, 57, May 1988, pp. 115 - 126.
"Estimating Money Demand in Log-First-Difference Form," with James P. Cover, Southern
Economic Journal, January 1987, pp. 751-767.
"The Relative Size of Windfall Income and the Permanent Income Hypothesis," with William L. James and Mohamed Abdel-Ghany, Journal of Business and Economic Statistics, July 1985, pp. 209-215.
"Effects of Cost Based Regulation of Prices," International Journal of Transport Economics, February 1985, XII:1, pp. 51-61.
"Windfall Income and the Permanent Income Hypothesis: New Evidence," with Mohamed Abdel-Ghany, Gordon E. Bivens and William L. James, Journal of Consumer Affairs, Winter 1983, pp. 262-276.
"Economic Impact on Alabama and Industries in Alabama of a Rise in User Fees for Domestic Inland Waterborne Transportation," with David Cheng, Carl Ferguson and Robert Robicheaux, Alabama Office of State Planning and Federal Programs, 1982.
"Economic Impact of a Capital Investment Project," with David Cheng, Alabama Office of State Planning and Federal Programs, August 1981.
Alabama Economic Outlook 1980, with David Cheng, Carl Ferguson and K.C. Gilbert.

Keeler -3-

Professional Presentations
"Cyclical Capital Stock,"
Southern Economic Association annual meeting, Charleston SC, November 2006, with co-author Joe Craig.
"Exploring the Interdependence of Profitability and Control in U.S. Banking,"
Academy of Management annual meetings with co-authors Kenneth J. Hatten and William L. James, Honolulu, August 2005.
"Irreversible Investment and Business Cycles," Midwest Economic Association annual meeting,
Chicago, March 2004. Chair of another session.
"Relative Prices, Term Structure and the Business Cycle," Southern Economic Association
Annual Conference, Tampa, November 2001.
Discussant at two sessions, Midwest Economic Association annual meeting, Chicago, March
2001.
"Empirical Evidence on the Austrian Business Cycle Theory," Kaplan Workshop, George Mason University, November 17, 2000.
"Relative Prices and Cyclical Behavior," Midwest Economic Association annual meeting, Chicago, April 2000. Discussant at another session.
"Excess Capacity in U.S. Airlines," Midwest Economic Association annual meeting, Nashville, Tennessee, March 1999. Chair and discussant at another session.
"Empirical Evidence on the Austrian Business Cycle Theory," International Atlantic Economic Society Conference, Washington D.C., October 1996.
"A Model of the Austrian Business Cycle Theory," Southern Economic Association
meetings, Washington, D.C., November 1992.
"Cost Differences Under Regulation: The Case of U.S. Passenger Airlines," with John P. Formby and Paul Thistle. Presented: Doshasha University, Kyoto, Japan, November 1989, by John Formby, Bond University, Queensland, Australia, December 1989, by John Formby, Southern Economic Association annual meetings, New Orleans, November 21-23, 1986, by James Keeler.
"Demographic Variations in Consumption of Windfall Income," presented by William L. James, American Marketing Association Summer Marketing Educators' Conference, Chicago, August 3-6, 1986.
"Estimating Money Demand in Log-First-Difference Form," International Atlantic
Economic Association Conference, Washington, D.C., August 30, 1985.
"The Costs and Benefits of Lowering Motor Vehicle Speed," presented by Stephen Layson at the Public Choice Society meetings, Baltimore, March 1986, and an earlier version was presented by James Keeler at the Southwestern Social Science Association meetings, Fort Worth, March 21-24, 1984.

Workshops
Mellon Workshop on Classroom Experiments, Oberlin College, May 3-4, 2002.
Ohio Five Conference on Technology, "Technology, Connection and Collaboration; The Economics Curriculum," Denison University, December 1-2, 2000.

Keeler -4-

Midwest Faculty Seminar on Rational Choice Theory
University of Chicago, November 1997.
Active Learning Workshop
American Economic Association, University of North Carolina, May 1997

Active Learning: Practice Makes Perfect
Bowling Green State University, April 11, 1997
Teaching Macroeconomics: Alternative Approaches and Pedagogical Issues
Miami University, October 23-24, 1994.

Grant Proposals
"The Austrian Business Cycle Theory: A Translation Into Mainstream Economics" January 1991. Submitted to National Science Foundation and Earhart Foundation.

Research in Progress
" Cyclical Capital Stock," with Joe Craig, Kenyon College and
University of Colorado, September 2006.
"MacNeil's Relational Norms and His Non-Mirrored Ends Proposition," Kenneth J. Hatten,
William L. James, Robert C. Fink and James Keeler, August 2007.
"On the Power of a Paradigm: Variance (Risk or Control) and Its Profitability Effects,"
with Kenneth J. Hatten and William L. James, August 2008, under review.
"Profitability and Endogenous Control Effects in US Banking," with Kenneth J. Hatten and
William L. James, August 2008, under review.
"Relative Prices and Cyclical Behavior, A Model of the Austrian Business Cycle Theory".
September 2005, Working Paper at Mises Institute, Auburn University.


Professional Membership and Service
American Economic Association
Society for the Development of Austrian Economics
Referee for journals Structural Change and Economic Dynamics, and Journal of Transport
Economics and Policy

College Service
Academic Infractions Board, Chair, 2008-2009
Judicial Board, 2007-2008
Grievance Committee, 2004-2006.
Economics Department Chair July 2001- July 2003.
Faculty Affairs Committee, 2000-2003.
Tenure and Promotion Committee, 1996-1998.
Committee on Advising and Standards
Member, 1987-1988, Chair, 1988-1989, member, 1990-1996. Alternate to the Academic Infractions Board, 1992-1993, 1993-94, Petitions subcommittee, 1994-96.
Williams Memorial Award Committee
Member, 1986-1987, 1999, Chair, 1988, 1994, 1995, 2002-2004.
Economics Department Chair, July 1989 - June 1991, 1993-1994.
Coordination Committee member, 1988-1989.
Judicial Board member
Academic Infractions Division, 1986-1987.
Social Infractions Division, 1985-1986.
.