Eric Hake, Ph.D.
Professor of Economics
- B.A., Ph.D., University of Tennessee
Dr. Hake joined Catawba in 2010. In addition to his teaching duties, Dr. Hake is Secretary to The Association for Evolutionary Economics (AFEE), an international organization of economists and other social scientists devoted to analysis of economics as evolving, socially constructed and politically governed systems. AFEE publishes the Journal of Economic Issues (JEI).
- Monetary Theory
- Economic History
Education: Ph.D., Economics, The University of Tennessee, August 1994
Dissertation: The Role of Financial and Legal Innovation in the Rise of the
Modern Credit Economy: Evidence from the American Merger Movement,
Supervisor: Professor Anne Mayhew
Major Areas of Specialization: Economic History, Macroeconomics
and Monetary Theory, Comparative Economics
Minor Areas of Specialization: History of Economic Thought
BA, History, The University of Tennessee, Knoxville, Tennessee, 1988
2010‐ present Department of Economics, Catawba College, Salisbury NC
2008‐ 2010 Department of Economics, Eastern Washington University
Courses taught: principles of microeconomics, principles of
macroeconomics, intermediate macroeconomics, money and banking,
history of economic thought, introduction to economic analysis (MBA Econ
1999‐2008 Department of Economics, Eastern Illinois University
2003‐2008 Associate Professor
In addition to previous courses taught: intermediate
macroeconomics, business cycles, College of Science global threats
(redesigned course), co‐taught graduate level research methods
1999‐2003 Assistant Professor
Taught: economics of social issues, principles of macroeconomics,
College of Science survival of humanity, economies of Eastern
Europe and Eurasia, development of Western Europe, American
economic development, graduate level history of economic thought,
comparative economics. Summer topics course: The New Global
Economy: The Dot Com Equities bubble, Summer 2001, 2003, 2006.
Spring 2008. Visiting Associate Professor, Economics Department, University
of Illinois Urbana‐Champaign. Economics of Modern Europe Econ 422.
Summer 2002. Taught course on the global economy at Maastricht Center
For Transatlantic Studies, Maastricht, Holland. Faculty supported Study
Abroad opportunity for EIU students.
Visiting Assistant Professor, Department of Economics, Franklin and
Marshall College. Taught Principles of Microeconomics, Principles of
Macroeconomics, and Economies in Transition, 1998‐1999
Instructor, Department of Economics, Radford University. Taught
Principles Of Microeconomics, Survey of Economics, and
Comparative Economics, 1997‐1998
Lecturer, Department of Macroeconomics, Mendel University, Brno, Czech
Republic. Taught Macroeconomics, Financial Markets, International
Finance. Position organized by the Civic Education Project, Yale, 1995‐1997
Lecturer, Department of Economics, Webster University, Vienna,
Austria. Taught International Economics, spring semester, 1995
Lecturer, Department of Economics, The Agricultural University of Nitra,
Slovakia. Taught Intermediate Microeconomics and Macroeconomics.
Position organized by the Civic Education Project, Yale, 1994‐1995
Graduate Teaching Associate, Department of Economics, The University of
Tennessee. Taught Intermediate Macroeconomics, Monetary Theory,
Economic History of the North Atlantic Community, Comparative Systems,
and Principles of Economics, 1990‐1994
Graduate Teaching Assistant, Department of Economics, The University of
Tennessee. Assisted with Principles of Economics, 1989‐1990
College and University Committee
2009‐2011 Research and Scholarship Committee, nominated and appointed.
2009‐2012 Undergraduate Affairs Council, nominated and appointed.
2008‐2011 University Honors Advisory Council, EWU
1999‐2008 Service on departmental committees including recruitment,
assessment, graduate program, departmental personnel committee,
economics club, and faculty seminar
2007‐2008 College of Science grade appeals committee member 2007‐2008
2006‐2007 member, ad‐hoc University committee to review grade appeals
2005‐2006, vice‐chair, Council on Graduate Studies
2005‐2006, member, ad‐hoc CGS committee to review graduate programs
Spring 2005 member, Graduate School search committee Director of
Graduate Admissions Spring 2005
2003‐2006 University elected position, Council on Graduate Studies
2000‐2003 College of Science Curriculum Committee. 2001‐2002, Vice Chair.
1997‐1998, member of College Ad‐hoc Committee on Recruitment
Benchmark Development, Radford University
2010‐2015 Secretary, The Association for Evolutionary Economics (AFEE)
Nominated and appointed by Board of Directors.
2009 referee for The American Journal of Sociology and Economics
2008‐2011 Association for Evolutionary Economics, Financial Advisory
2008‐2009 Association for Evolutionary Economics, President’s ad‐hoc
publisher transition committee.
2007‐2010 Board of Directors, the Association For Evolutionary Thought
2007‐2008 Association for Institutional Thought. President
2007‐2010 referee for Forum for Social Economics, Journal of Economic
2007‐2008 academic advisor for newly formed student organization to
promote interdisciplinary research, Eastern Illinois Council on American
2007 referee for Review of Political Economy
2001‐2007 Graduate Advisor, Department of Economics, Eastern Illinois
2006 Association for Evolutionary Economics (AFEE), membership
2006‐2007 Association for Institutional Thought. Vice President
2006‐2009 Association for Evolutionary Economics, Board member
2006, member, committee to review student paper competition, AFIT
2005 Chair, ad hoc committee to survey membership, AFEE
Fall 2004 Association for Institutional Thought, nomination committee chair
Spring 2004 Association for Evolutionary Economics, nomination committee
2003‐2006 Requested to serve on the Editorial Board of the Journal of
2002‐2003 requested to serve on the Graduation Education Committee of
the Association for Evolutionary Economics.
2002‐2005 Association for Institutionalist Thought, Board of Directors.
1997‐present Reader‐referee for the Journal of Economic Issues.
Textbook Review for Publisher, Brux and Cowen, Economic Issues & Policy
and Honors: Recipient: Summer Research and Scholarship Grant, EWU. Summer 2009.
Recipient: Study Abroad initiative grant, COS, Summer 2006
College of Sciences, Teacher‐Scholar Award. 2003
Small Grant Award. College of Sciences, January 2003
Outstanding Graduate Faculty Mentor Award, nominated by graduate
Summer Research Grant, Council on Faculty Research. Awarded
Small Grant Award. College of Sciences, January 2002
AFEE‐UMKC Summer School June 23‐28, 2001. Selected to participate
in expense‐paid conference
College of Science Special Project Award Summer 2001. Funded travel to
Baker Library, Harvard Business School
Nominated for the College of Business Administration Graduate
Teaching Associate Award 1993‐1994, University of TN, Knoxville
J. Fred Holly Fellowship, College of Business Administration,
College of Business Capital Gifts New Student Fellowship 1989‐1990, UTK
Publications: Hake, Eric. “Change and Continuity in the American Macroeconomy, 1929‐
2007: Exercises for Principles of Macroeconomics.” Forum for Social
Economics. April 2009.
with Dell Champlin. “Comment on Jackie Gabriel’s ‘Organizing the Jungle.’ in
WorkingUSA. expected publication December 2007.
Hake, Eric “Capital and the Modern Corporation.” in Thorstein Veblen and
the Revival of Free Market Capitalism. Edward Elgar. 2007
with Dell Champlin. “Immigration as Industrial Strategy in American
Meatpacking.” Review of Political Economy. January 2006
Hake, Eric. “Financial Illusion: Accounting for Profits in an Enron World.”
Journal of Economic Issues. September 2005
Hake, Eric “The Appearance of Impairment: Veblen and Goodwill Financed
Mergers.” Journal of Economic Issues, June 2004
with Martin B. King. “The Veblenian Credit Economy and the Corporatization
of American Meatpacking” Journal of Economic Issues, June 2002
“The Stock‐Watering Debate: More Light, Less Heat.” Journal of Economic
Issues, June 2001
with Walter C. Neale. “Karl Polanyi’s Great Transformation and the Current
Transformation in Central Europe.” Chapter 2 in Transition in Historical
Perspective. Charles M. Clark and Janina Rosicka, eds. Ashgate Publishing
Company: Aldershot, 2000
“The Rise and Fall of Investment Companies in Slovakia.” Journal of
Economic Issues, September 2000
“Corporate Control/Governance.” Entry for The Encyclopedia of Political
Economy. Phil O'Hara, editor. Routledge. 1999
“The Third Wave of Privatization: A Search For True Owners?” In Financial
Market Restructuring in Selected Central European Countries. Karen S. Vorst
and Willadee Wehmeyer, eds. Ashgate Publishing Company: Aldershot.
“Financial Innovation as Facilitator of Merger.” Journal of Economic Issues.
Book Reviews:Mariano Tommasi and Kathryn Lerulli, eds. The New Economics of Human
Behavior. Forum For Applied Research and Policy. Winter 1997
Mark J. Roe, Strong Managers, Weak Owners: The Political Roots of
American Corporate Finance. Journal of Economic Issues, December, 1995
Progress: Veblen and Keynes: Heterodox theories of capital for E Elgar book project,
Charles Whalen editor.
Washington Mutual. A case study of banking failure.
Incentives, Institutions, and the Financial Crisis of 2007‐2009.
Presentations: The Deregulation, Disintermediation, Consolidation, Financialization, and
Systemic Collapse of the American Financial System, AFEE annual meeting at
ASSA. Atlanta. January 2‐6, 2010
“Accounting for Capital in a WAMU World.” Presentation for the Association
for Institutional Thought, April 2009.
“The sociological foundations of the Classical long run” Presidential Address,
Association for Institutional Thought. April 24, 2008.
“Thorstein Veblen's Theory of Business Enterprise, Business Cycle, and
Industrial Organization,” History of Economics Society annual meeting at
ASSA. New Orleans. January 3‐7, 2008.
“The Evolution of Corporate Governance and the Expansion of the European
Union,” Association for Evolutionary Economics annual meeting at ASSA.
New Orleans. January 3‐7, 2008.
“Perestroika and Progress: The Post‐Autistic Movement in Context,”
International Confederation of Associations for Pluralism in Economics.
coauthored with graduate student in political science, Lisa Morrison. June
“Economic Anthropology and the New Comparative Economics.” Association
for Institutional Thought at WSSA. Calgary, April 11‐14, 2007
“The Microfoundations of Comparative Economics” Association for
Evolutionary Economics annual conference at ASSA. Chicago January 4‐7,
“Accounting for Profits in Enron’s World” October 14, 2006. Presentation at
State University of New York, Oneonta
“A New Comparative Economics” Paper presented at the Association for
Institutional Thought at the WSSA meetings in Phoenix, AZ, April 19‐21,
Social Security Privatization Roundtable. Hosted by AAUW, October 2005
“Terry Neale’s Contributions to the Economics of Karl Polanyi” Paper
presented at the Association for Institutionalist Thought at the WSSA
meetings, Albuquerque, NM April 13‐15, 2005
Social Security Privatization Roundtable. Hosted by the Political Science
Club, March 30, 2005. Eastern Illinois University
Moral Values Panel. Forum hosted by the Women Studies Department as
part of the Women’s History Month Activities. March 27, 2005
“The Economics of Crony Capitalism.” Paper presented at the Association
for Evolutionary Economics conference at the ASSA meetings, Philadelphia,
PA, January 6‐9, 2005
Election Year Roundtable, panel hosted by the Political Science Department,
October 19, 2004
“Veblen As Reporter: A New Theory of Capital.” Paper presented at the Fifth
Conference of the International Thorstein Veblen Association. Northfield
Minnesota. June 3‐6, 2004
“How to Bring Back the Bull: Blue Skies or Bigger Fools?” Paper presented at
the Association for Institutionalist Thought, Salt Lake City, Utah. May 2004
“The Appearance of Impairment: Veblen and Goodwill Financed Mergers.”
Paper presented at the Association for Evolutionary Thought, San Diego CA.
“Meatpacking: A New Generation of Company Towns.” Paper presented at
the annual conference of the Association for Institutionalist Thought, April
2003. co‐authored with Dell Champlin
“The Process of Industrialization in Meatpacking” Paper presented at the
53rd annual conference of the Midwest Association for Latin American
Studies, May 2003
“Accounting for Profits in an Enron World” paper presented at the annual
conference of the Association for Evolutionary Thought, Washington, DC
“Global Security One Year Later.” Panel Discussant. Eastern Illinois
University, September 18, 2002
“Veblen’s Observations on the Emergence of American Corporate
Accounting” annual conference of the Association for Institutionalist
Thought at WSSA, Albuquerque NM April 2002
Business Opportunities in China. Panel Discussant. Eastern Illinois University,
February 6, 2002
“The Veblenian Credit Economy and the Corporatization of American
Meatpacking” annual conference of the Association for Evolutionary
Economics at ASSA, Atlanta, January 2002
Globalization and Food Resources. Presentation at Eastern Illinois University
World Food Day Event, October 16, 2001
“Causes and Consequences of Recent Terrorist Actions.” Panel Participant.
September 19, 2001, Lumpkin Hall
“Corporate Finance as Industrial Organization.” Paper presented at the
annual conference of the Association for Institutionalist Thought at WSSA,
Reno, Nevada, April 2001
“More Light Less Heat: Reinterpreting Stock‐Watering.” Paper presented at
annual conference of the Association for Evolutionary Economics at ASSA,
New Orleans, January 2001
“The Fall of Glass‐Steagall.” Paper presented at annual conference
of the Association For Evolutionary Economics at ASSA, Boston, January
“Karl Polanyi’s Great Transformations and the Current Transformations in
Central Europe” Co‐organizer for panel at Economic Transitions in Historical
Perspective, Cracow. Hosted by Jagiellonian University, St. John’s University
(NY) and Cracow University of Economics. September 16‐21, 1998
“The Role of Non‐Technological Innovation in the Turn‐Of‐The‐Century
Merger Movement” in the panel, Merger and Concentration, Then and Now,
from the Perspective of a Monetary Theory of Production. Association for
Evolutionary Economics, Annual Meetings, Chicago. January 6‐9, 1998
“The Rise and Fall of Investment Companies in Slovakia” European
Association for Evolutionary Political Economy, Annual Conference.
Antwerp, Belgium. November 6‐9, 1996
“Corporate Governance in the Czech Republic” Macroeconomic
Analysis of Structural Change in the Czech Economy.
International Conference hosted by Mendel and Masaryk
Universities, Brno, Czech Republic. May 16‐17, 1996
“Emerging Systems of Corporate Governance and the Letter of the
Law” 6th Annual Conference of the Alliance of Universities for
Democracy, Budapest, Hungary. November 5‐9, 1995
“Organizational Interfaces” 14th Austrian Congress of Sociology,
Innsbruck, Austria. September 29‐30, 1995
Membership: Association for Evolutionary Economics
Association for Institutional Thought