Rutgers University - College of Engineering
B. S., l960-l964
Major Subject: Industrial Engineering
Minor Subject: Economics - Business

Rutgers University - Graduate School, Economics
Ph. D., May l973
Fields of Study: Monetary Theory, Public Finance, Labor and Human Resources, Econometrics, Economics of Technological Change

Thesis Title: Management Consulting for Private Enterprise: A Theoretical and Empirical Analysis of the Contribution of Management Consultants to Economic Growth in the United States

Thesis Supervisor: Professor Robert J. Alexander

4. Rensselaer Polytechnic Institute l974-l98l
Assistant Professor
money and banking, intermediate macroeconomics, corporation finance, introductory economics, public finance

5. Trinity College Spring l973
Economics Lecturer
money and banking

6. St. Peter's College l97l-l972
Economics Instructor
economic theory, corporation finance

7. Rutgers University
Teaching Assistant l967-l969
introduction to economics l967-l968
elementary accounting l968-l969

Organizational Capital: The Path to Higher Productivity and Well-being. Praeger Publishing Co., 1987.

The Human Firm: A Socio-Economic Analysis of its Behavior and Potential in a New Economic Age. Routledge Publishing Co., 1999.

Intangible Capital: Its Contribution to Economic Growth, Well-Being, and Rationality. Edward Elgar Publishing Co., July 2008.

“Beyond the Rationality of Economic Man, Toward the True Rationality of Human Man” forthcoming Journal of Socio-Economics.

“Why We Need a Commitment Approach to Environmental Policy,” Ecological Economics, 62(3-4), May, 2007.

"What is Behavioral Economics?" Journal of Socio-Economics, 36(3), June, 2007.

“Organizational Capital and Personal Capital: The Role of Intangible Capital Formation in the Economy” in Altman, Morris. (Editor) Handbook of Contemporary Behavioral Economics; Foundations and Developments. M.E. Sharpe, 2006.

“Understanding Human Welfare,” Indicators, 2(3), Summer 2003.

“Personal Capital, and Emotional Intelligence: Increasingly Important Intangible Sources of Economic Growth,” Eastern Economic Journal, 29(3), Summer 2003.

“Intangible Factors in the Eastern European Economic Transition: A Socio-Economic Analysis,” Post-Communist Economies, 14(4), December 2002.

“Human Well-being: A New Approach Based on Overall and Ordinary Functionings,” Review of Social Economy, 60(1), March, 2002.

“The Firm Is Human: It Is Not a Neoclassical Machine,” Indicators, 1(3), Summer 2002.

“Economic Man vs. Heterodox Men: The Concept of Human Nature in Schools of Economic Thought,” Journal of Socio-Economics, 30(4), 2001, 281-293.

“Understanding High Performance Work Systems: The Joint Contribution of Economics and Human Resource Management,” Journal of Socio-Economics, 30(1), 2001, 63-73.

“Addictions Are Not Rational: A Socio-Economic Model of Addictive Behavior,” Journal of Socio-Economics, 30 (3), 2001, 243-261.

"Organizational Capital and Joining-Up: Linking the Individual to the Organization and to Society," Human Relations, 51(6), 1998, 825-846.

"Beyond the Machine Model of the Firm, Toward a Holistic Human Model," Journal of Socio-Economics, 27(3), 1998, 323-340.

"Beyond Transaction Markets, Toward Relationship Marketing in the Human Firm: A Socio-Economic Model," Journal of Socio-Economics, 27(2), 1998, 207-228.

"Good Habits and Bad Habits: A New Age Socio-Economic Model of Preference Formation," Journal of Socio-Economics, 25(6), 1996, 619-638.

"Strategy and Structure in the Human Firm: Beyond Hierarchy, Toward Flexibility and Integration," Journal of Socio-Economics, 24(3), Fall 1995.

"Social Responsibility in the Human Firm: Towards a New Theory of the Firm's External Relationships," in A. Lewis and K. Warneryd, Eds. Ethics and Economic Affairs. Routledge. 1994.

"A New Rationale for Industrial Policy: Developing the Capabilities of the Learning Firm," International Review of Applied Economics, 7(2), 1993.

"The Human Firm in the Natural Environment: A Socio-Economic Analysis of its Behavior," Ecological Economics, 6(1992).

"Rational Organizational Decision Making in the Human Firm: A Socio-Economic Model," Journal of Socio-Economics, Summer 1992.

"The Social Causes of Economic Decline: Organizational Failure and Redlining," Review of Social Economy, Spring 1992.

"Organizational Capital: Unifying Soft Hearts and Hard Heads in a New Economic Age," Human Economy Newsletter, September 1990.

"Developing World Class Organization: Investing in Organizational Capital," Technovation, June 1990.

"Worker Participation: Paths to Higher Productivity and Well-being," in Shlomo Maital, ed. Applied Behavioural Economics. vol. II, Wheatsheaf Books, 1988.

"Productivity through Intra-firm Cooperation: A Behavioral Economic Analysis," Journal of Behavioral Economics, Spring 1987.

"Developing Organizational Comparative Advantage Via Industrial Policy," Journal of Post Keynesian Economics, Spring 1987.

"Productivity and Organizational Behavior: Where Human Capital Theory Fails," in Handbook of Behavioral Economics. Jai Press, 1986.

"Working Smarter the Japanese Way: The X-Efficiency of Theory Z Management," in Paul Kleindorfer, ed. The Management of Productivity and Technology in Manufacturing. Plenum Publishing Corp., 1985.

"Mortgage Redlining Behavior and Antiredlining Policy," Journal of Business, Spring l984.

"The Japanese Company: The Challenges for Economists," Eastern Economic Journal, Jan.-March l983.

"Worker Motivation: A Neglected Element in Micro-MicroTheory," Journal of Economic Issues, June l98l.

"Organizational Change, Organizational Capital and Economic Growth," Eastern Economic Journal, January l98l.

"Community Control and the Theory of the Firm," Review of Social Economy, October l980.

"The Mounting Evidence on Mortgage Redlining," Urban Affairs Quarterly, June l980.

"Entrepreneurs Outside the Innovating Organization: The Roles of Management Consultants," The l975-l976 Papers and Proceedings of the New York State Economics Association, March l978, Volume 8.

"An Approach to Understanding Mortgage Redlining," The l976-l977 Papers and Proceedings of the New York State Economics Association, March l978, Volume 8.

"Revenue Sharing and the Intrastate Fiscal Mismatch: A Critical View," Public Finance Quarterly, October l977.

“Romesh Kumar Diwan – An Academic Obituary,” Journal of Socio-Economics, 35(2), April 2006, (coauthors: Roberto Burlando, Steve Onyeiwu, Don Vitaliano).

Review of book, Responsibility and Social Capital: The World of Small and Medium Sized Enterprises, by Spence et al, Review of Political Economy, forthcoming.

"Social and Organizational Capital," in Encyclopedia of Political Economy. Phillip O'Hara. Ed., 1999.

"Discussion of Modes of Economizing," Journal of Economic Behavior and Organization, 1996.

"Harvey Leibenstein's X-Efficiency Theory," in Warren Samuels', et al, Ed., Handbook on Institutional and Evolutionary Economics. Edward Elgar Publishing Company. 1994.

Review of book, Regional Long Waves, Uneven Growth, and the Cooperative Alternative by Douglas Booth, Review of Social Economy, Spring 1989.

Review of book, Inside the Firm: The Inefficiencies of Hierarchy by Harvey Leibenstein, Journal of Economic Behavior and Organization, August 1989.

"On Relaxing the Maximization Postulate: A Comment," Journal of Behavioral Economics, Winter 1986.

"Worker Motivation and X-Efficiency Theory: A Reply," Journal of Economic Issues, September l982.

"Intangible Capital and Economic Growth"

PROFESSIONAL PRESENTATIONS:

"Intangible Capital, Economic Growth, and Governmental Policy" at the Society for the Advancement of Behavioral Economics Conference at New York University, NYC, May 17, 2007; also at the International Association of Pluralist Economic Associations Conference at the University of Utah, Salt Lake City, June 2, 2007

July 6, 2006 at the SABE-IAREP Conference in Paris , "Intangible Capital and Economic Growth: A Comprehensive and Unifying View"; Later version at ASE session at ASSA Conference in Chicago , January 2007.

February 25, 2006 at the Eastern Economic Association Conference in Philadelphia in a SABE session, "Intangible Capital: A Comprehensive and Unifying View".

March 4, 2005 at the Eastern Economic Association Conference in New York City in a SABE session, "Why We Need a Commitment Approach to Environmental Policy". Later version presented at IAREP Conference in Prague on September 22, 2005 . Also presented at Rensselaer Polytechnic Institute and Skidmore College during October 2005 and at USSEE Conference at Pace University , NYC, June 26, 2007 ..

July 16, 2004 at the Society for the Advancement of Behavioral Economics (joint with IAREP) Conference in Philadelphia , "What Is Behavioral Economics?"

July 30, 2003 at the Society for the Advancement of Behavioral Economics Conference at Lake Tahoe , "Organizational Capital and Personal Capital: The Role of Intangible Capital Formation in the Economy."

January 6, 2002 at the Allied Social Sciences Association Meetings in Atlanta at a session sponsored by the Association for Social Economics, “Beyond the Rationality of Economic Man, Toward the True Rationality of Human Man.” Also presented June 30, 2002 at the SABE-IAREP Conference in Turku, Finland.

June 12, 2001 at the Society for the Advancement of Socio-Economics Conference in Washington, DC, “The Firm Is Human: It Is Not a Neoclassical Machine.”

April 10, 2001 at Stetson University in DeLand, FL, “Beyond Mainstream Economics: Rationality, Well-Being, and Human Nature.” (Keynote Address)

July 19, 2000 at the Department of Economics of the University of Warsaw, Poland, “Intangible Factors in the Eastern European Economic Transition: A Socio-Economic Analysis.” Also presented at the Society for the Advancement of Behavioral Economics Conference in Washington, DC on June 12, 2001.

July 13, 2000 at the Society for the Advancement of Socio-Economics and International Association for Research in Economic Psychology Conference in Baden, Austria and July 20, 2000 at the Center for Social and Economic Analysis in Warsaw, Poland, “Social Capital, Personal Capital, and Emotional Intelligence: Increasingly Important Intangible Sources of Economic Growth.”

March 25, 2000 at the Eastern Economic Association Conference in Washington, DC, “Human Well-being: A New Approach Based on Overall and Ordinary Functionings”

June 14, 1999 at the Society for the Advancement of Behavioral Economics Conference at San Diego State University, “Economics and Human Resource Management: Understanding the True Potential of the Employer-Employee Relationship.”

January 4, 1999 at the Allied Social Sciences Association Conference at a session sponsored by the Association for Social Economics, “Economic Man vs. Heterodox Men: How Heterodox Economists Understand the Human as Economic Actor.”

July 16, 1998 at the Society for the Advancement of Socio-Economics Conference at the Vienna International Center, Vienna, Austria, “Addictions Are Not Rational: A Socio-Economic Model of Addictive Behavior.”

June 21, 1997 at the Society for the Advancement of Behavioral Economics Conference at Washington and Lee University, Lexington, Virginia, “The Human Firm: A Socio-Economic Analysis of its Behavior and Potential in a New Economic Age.”

July 12, 1996 at the Society for the Advancement of Socio-Economics Conference at the University of Geneva, Geneva, Switzerland, "Beyond the Machine Model of the Firm, Toward a Holistic Human Model."

August 17, 1995 at the Society for the Advancement of Behavioral Economics Conference at the University of Toronto in Toronto, "Beyond Transaction Markets, Toward Relationship Marketing in the Human Firm: A Socio-Economic Model."
January 7, 1995 at an ASSA session sponsored by the Society for the Advancement of Behavioral Economics in Washington, DC, "Organizational Capital and Joining-Up: Linking the Individual to the Organization and to Society."

August 13, 1994 at the International Association for Research in Economic Psychology/Society for the Advancement of Behavioral Economics Conference in Rotterdam, Netherlands, "Good Habits and Bad Habits: A New Age Socio-Economic Model of Preference Formation." Also a closing talk entitled "Learning to Go Beyond Mainstream Economics: Using Existing Traditions, Creating New Traditions."

August 14, 1993 at the Society for the Advancement of Behavioral Economics Conference at the Rensselaerville Conference Center south of Albany, NY, "Strategy and Structure in the Human Firm: Beyond Hierarchy, Toward Flexibility and Integration."

January 7, 1993 at an ASSA session sponsored by the Association for Evolutionary Economics in Anaheim, CA, "Organizational Failure and Deindustrialization: The Failure to Invest in Appropriate Organizational Capital."

March 29, 1992 at the Society for the Advancement of Socio-Economics Conference in Irvine, CA, "Organizational Capital: Linking the Individual to the Organization."

January 5, 1992 at an ASSA session sponsored by the Association for Evolutionary Economics in New Orleans, "The Human Firm in the Natural Environment: A Socio-Economic Analysis of its Behavior." Also presented as part of a lecture series at Linkoping University, Linkoping, Sweden, on October 12, 1993.

January 3, 1992 at an ASSA session sponsored by the Association for Social Economics in New Orleans, "A New Rationale for Industrial Policy: Developing the Capabilities of the Learning Firm."

June 17, 1991 at a Conference on Interdisciplinary Approaches to the Study of Economic Problems sponsored by the Society for the Advancement of Socio-Economics and the International Association for Research in Economic Psychology in Stockholm, Sweden, "Social Responsibility in the Human Firm: Towards a New Theory of the Firm's External Relationships."

March 31, 1990 at a session of the Human Economy Center in the Eastern Economic Association Conference in Cincinnati, "Organizational Capital: Unifying Soft Hearts and Hard Heads in a New Economic Age."

March 18, 1990 at The Second Annual International Conference on Socio-Economics in Washington, DC, "Developing World Class Organization: Investing in Organizational Capital."

December 30, 1989 at a session sponsored by the Association for Social Economics in Atlanta, "Organizational Capital." Three discussants commented on my book.

October 7, 1989 at the Atlantic Economic Society Conference in Montreal, "Organizational Failure as Market Failure and its Implications for Industrial Policy."

April 1, 1989 at the Midwest Economic Association Conference in Cincinnati, "Worker Participation, Effort and Productivity."

December 28, 1988 at session sponsored by the Association for Social Economics in New York City, "A Normative Theory of Rational Organizational Decision Making."

August 15, 1986 at the Fourth World Congress of Social Economics in Toronto, "The Organizational Challenge of the Third Wave."

July 11, 1986 at the International Conference on Economics and Psychology in Tel Aviv, Israel, "Worker Participation: Paths to Higher Productivity and Well- being." Also presented at Rensselaer Polytechnic Institute and Manhattan College.

April 10, 1986 at the Eastern Economic Association Conference in Philadelphia, "Developing Organizational Comparative Advantage Via Industrial Policy."

May 22, l984 at the First Behavioral Economic Conference in Princeton, "Productivity and Organizational Behavior: Where Human Capital Theory Fails." Also presented at Manhattan College and Rensselaer Polytechnic Institute in Fall 1984.

December 9, l983 at the Wharton Conference on Productivity, Technology and Organizational Innovation in Philadelphia, a revised version of "Working Smarter the Japan ese Way: The X-Efficiency of Theory Z Management."

August l8, l983 at The Third World Congress of Social Economics in Fresno, California, "Productivity Through Cooperation: The Role of Japanese and Gandhian Development Strategies."

April 5, l983 at The Second United States-Japan Business Conference in Tokyo, a revised version of "Working Smarter the Japanese Way: The X-Efficiency of Theory Z Management."

December 28, l982 at session sponsored by the Association of Social Economics in New York City, "Working Smarter the Japanese Way: The X-Efficiency of Theory Z Management."

December 28, l98l at session sponsored by the Association of Social Economics in Washington, D. C., "A Critique of U.S. Regulation in Light of the Japanese Approach."

September 6, l980 at session sponsored by the American Real Estate and Urban Economics Association in Denver, "The Mounting Evidence on Mortgage Redlining"; also presented at Eastern Economic Association Conference (May l0, l980 in Montreal).

September 5, l980 at session sponsored by the Association for Evolutionary Economics in Denver, "Worker Motivation: A Neglected Element in Micro-Micro Theory."

October ll, l979 at Atlantic Economic Society Conference, "External Social Control of Firm Behavior and the Success or Failure of Markets."

May l0, l979 at Eastern Economic Association Conference, "Social Problems and Market Failure: A New Perspective," October l4, l978 at Atlantic Economic Society Conference, "Organizational Change, Organizational Capital and Economic Growth."

April 27, l978 at Eastern Economic Association Conference, "Redlining Behavior and Measures to Combat It."

October l5, l977 at Western New York Economics Conference, "Organizational Capital, Production Possibility Frontier and X-Efficiency."

April 30, l977 at New York State Economic Association Conference, "An Approach to Understanding Mortgage Redlining."

April l4, l977 at Eastern Economic Association Conference, "Intangible Capital Formation and Economic Growth: The Management Consultant Contribution."

November ll, l976 at U.S. Department of Housing and Urban Development, a presentation concerning a method for testing the hypothesis that mortgage redlining occurs.

April 30, l976 at New York State Economic Association Conference, "Entrepreneurs Outside the Innovating Organization: The Roles of Management Consultants."

April l5, l976 at Eastern Economic Association Conference, "The Revenue Sharing Allocation Formula and Equalization: The Problem and a Proposal for Change."

April l5, l976 at Eastern Economic Association Conference, "Organizational Capital: A Product of Management Consultants' Efforts."

Vice President for Finance (January l978-January l98l)
President (January l982-August l983).

2. Chairman and cofounder of the Community Reinvestment Committee (CRC). The CRC is a coalition of people concerned with the role of financial and housing market institutions in the decline of housing conditions in the river wards of Troy. A major accomplishment of the CRC was to obtain an agreement from the four savings banks in Troy to increase their lending commitment to the older areas of Troy. The CRC has played an active role in the development of the Residential Loan Program sponsored by the Urban Development Action Grant from H.U.D. (July l977-July l980).

3. Representative of Sycaway neighborhood on Citizen's Forum, a group which advises the Troy City Council on spending its Community Development Block Grant Funds (August l975-August l977).

4. Youth Athletic Activity:
- Coach of YMCA basketball team, 1986
- Assistant coach of Little League baseball team, 1986
- Coach of YMCA soccer team, 1986, 1987
- Assistant coach of Little League baseball team, 1989
- Coach of Junior Team Tennis, 1993, 1994, 1995, 1996.

5. Teacher of Religious Education Class for Fifth and Sixth Graders at First Unitarian Society of Albany, Fall 1988.

6. Albany KTC, Kagyu Buddhist Group
- Secretary, 2001- 2004.