Richard Hart

Professor Emeritus



Academic Background

  • Ph.D. Washington University, Economics, 1976
  • A.M. Washington University, Economics, 1971
  • B.A. University of Richmond, Economics, 1969

Academic & Professional Experience

  • Professor, Miami University (1991–Present).
  • Associate Professor, Miami University (1981–1990).
  • Visiting Associate Professor, Washington University (1980–1981).
  • Assistant Professor, Miami University (1976–1980).
  • Instructor, Miami University (1974–1976).

Recent Publications

  • "The Samuelson-Solow Phillips Curve and the Great Inflation", (with Thomas E. Hall) History of Economics Review, #55, Winter 2012: 62-72.
  • "Interest Rates, Bond Sales, and the IS-LM Model" , (with T. Windsor Fields) Perspectives on Economic Education Research, Vol 7, #1 (Spring 2011): 43-57.
  • "Is a More Predictable Monetary Policy Really Better?", (with T. Windsor Fields and Nicholas R. Noble) International Research Journal of Applied Finance, Vol. II, Issue 2 (February 2011): 82-90.
  • Hart, W. R. & Fields, T. W. (2005). Additional Thoughts on the Determination of Interest Rates in General and Partial Equilibrium. Journal of Economics and Finance Education, 4 (1), 12-18.
  • Hart, W. R. & Fields, T. Windsor (2003). What We Should (Not) Teach Students About Interest Rate Determination. Journal of Economics and Finance Education, 2 (2), 6-15.
  • Hart, W. R. & Fields, T. Windsor (2003). Bridging the Gap Between the Interest Rate and Price Level Approaches in the AD-As Model: The Role of the Loanable Funds Market. Eastern Economic Journal, 29 (3), 377-90.
  • Hart, W. R. & Fields, T.W. (1998). Theoretical Inconsistencies in the AD-AS Model: Can the Model Be Rehabilitated? Aggregate Demand and Supply: A Critique of Orthodox Macroeconomic Modelling, 107-36.
  • Hart, W. R. & Fields, T.W. (1995). The AD-AS Model in Introductory Macroeconomics Textbooks: Theory Gone Awry. Rethinking Economic Principles: Critical Essays on Introductory Textbooks, 140-50.

Honors & Awards

  • 2002: Outstanding Teacher Award, Miami University Farmer School of Business.
  • 1999: All-University Outstanding Faculty Award, IFC and Panhel Association.

Areas of Expertise

  • Economic education
  • Macroeconomics
  • Monetary theory and policy



  • FALL 2012
  • ECO 202A MW 8:00AM-9:15AM, 1006 FSB
  • ECO 202B MW 9:30AM-10:45AM, 1006 FSB
  • ECO 202D MW 2:15PM-3:30PM, 1006 FSB
Richard Hart

Contact Information

Office Hours

  • MW 11:00am-12:00pm, 1:00pm-2:00pm
  • and by appointment


* Accessible version of PDF available upon request.