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Economics professors leaving the market

Department loses a combined 72 years of teaching with two professors retiring at end of semester

April 28, 2006
By Lindsay Zeigin-Netter
News Editor

Note:The following is the second article in a two-part series on the professors retiring at the end of this semester.

Larry Steinhauer, professor of economics, busts a move in 1979, five years after he started at Albion.

Larry Steinhauer,economics

Larry Steinhauer, professor of economics, decided to become a professor after entering graduate school to avoid the draft. Now, 32 years after he first began teaching at Albion, Steinhauer will finish up his teaching career at the end of this semester.

Steinhauer attended City College of New York before going on to receive his Ph.D. from the University of Chicago in 1974.

Steinhauer said he will take away the memories of all of his students at Albion.

"When I think about memories, I think about students," he said. "The students are the memories."

Steinhauer plans to remain in the city of Albion, but will spend more time with his grandchildren and will travel during retirement.

James McCarley, professor of economics, said he would like to work on writing two books after retiring.

James McCarley, economics

After 40 years of teaching at Albion, James McCarley, professor of economics, will retire after this semester.

McCarley graduated from Bowling Green University in 1960 and received his Ph.D. from Michigan State University in 1970.

According to McCarley, he decided to become a professor after deciding he did not want to go into accounting.

"I think what put me in economics was essentially that I liked mathematics and the problem-solving," McCarley said.

"I’ll miss being able to talk to faculty in other departments," he added, but he is looking forward to being able to work without interruption.

"I have a statistics book I have to finish and a couple of projects I want to do," McCarley said.

McCarley is interested in writing a book based on his father’s letters from WWII and a book on the Overpass Massacre—an historical event in labor economics.

"I think what stands out in people’s memories, one, is friends, and two, is students," McCarley said. "Seeing students go out and become successful—that’s a good feeling."

Photos courtesy of library archives