Geneva professor Dr. Ralph Ancil has been elected to a three-year term as a member of the board of directors of the Pennsylvania Economic Association (PEA). As a member of the board, Dr. Ancil′s duties will involve issues of association membership, publication questions for the Pennsylvania Economic Review, annual meetings and guest speakers for those meetings.
He also recently published a peer-reviewed article in the fall 2011 issue of the PEA publication, the Pennsylvania Economic Review.
"I don′t think that my article was necessary to be nominated for board membership," he states. "It′s just that in the review process the paper came to the attention of the president of PEA who then nominated me."
Dr. Ancil goes on to describe his work: "The paper itself argues that for some cases, the use of simple algebra and averages is sufficient to arrive at answers which are normally derived from the use of the calculus-for example, profit maximization. By making this case, I am showing that entrepreneurs who use rules of thumb for their decisions may be using methods that have a sound, theoretical foundation. It also conforms more closely in this regard to the views of classical writers like Adam Smith rather than modern, neo-classical thinkers."
The article can be read in its entirety online here.
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