Steven Hayworth

A photo of Steven Hayworth

Emeritus Professor



[email protected]


  • BA, Cornell University
  • Ph.D., MIT

Interests and Expertise

I became interested in economics while an undergraduate at Cornell University. After graduating in 1973, I attended MIT and earned my Ph.D. in 1977. My doctoral dissertation investigated the circumstances under which rent control is likely to be adopted by a municipality. I modeled rent control as a policy response to consumer disequilibrium that is caused by mobility costs obstructing adjustments to relative price changes.

My academic interests include:

  • The interrelated topics of economic globalization
  • The relentless increase in economic inequality and concentration of wealth that has been ongoing for several decades
  • Environmental sustainability
  • Development economics

Students, why should you consider taking economics classes? Young people should envision a world at peace, with social justice, respect for human rights, environmental sustainability, prosperity and freedom. In other words, a very different reality from the world today. The exercise of power in the service of insatiable greed is arguably the main obstacle to achieving this dream. Economic mechanisms and institutions are used and manipulated by those in power to subvert the dream and perpetuate the status quo. Understanding economics may help you construct a better world.


  • ECON 201 Principles of Macroeconomics
  • ECON 336 Economics of the Environment and Natural Resources
  • ECON 385 Economic Development
  • ECON 411 Intermediate Macroeconomic Analysis
  • ECON 561 Economics of Multinational Enterprise
  • ECON 585 Economic Growth and Development

Publications and Presentations

  • "The Impact of Unions on Exit and Voice Decisions in the Labor Market" with Mark Meitzen, The Journal of Economics.
  • "The Implications of Land Contracts for Property Tax Assessment Practices" with John Edgren, Housing Finance Review.
  • "Macroeconometrics of Stock Price Fluctuations" with Abdullah Dewan, Quarterly Journal of Business and Economics.
  • "Macroeconometrics of Survey Measures of Consumer Inflation Expectations" with Abdullah Dewan, National Social Science Journal.