Last updated on: 12/11/2013 | Author:

Richard Vedder, PhD Biography

Distinguished Professor of Economics Emeritus at Ohio University and Director of the Center for College Affordability and Productivity
Con to the question "Is a College Education Worth It?"

“But for many students, the investment in college is not profitable. About 40 percent do not make it through a four-year bachelor’s degree program in even six years. Others who major in subjects with low vocational demands often have trouble getting jobs. For many years, we have turned out more college graduates than the growth in the number of jobs in the technical, managerial, and professional areas where college graduates historically want to work. Therefore, we now have nearly 80,000 bartenders and taxi drivers with bachelor’s degrees. One estimate is that 1 in 3 college graduates has a job historically performed by those with a high school diploma or the equivalent.”

“Going to College Is a Mistake for Many,”, Nov. 17, 2011

Involvement and Affiliations:
  • Director of the Center for College Affordability and Productivity at Ohio University
  • Faculty Associate, Contemporary History Institute, Ohio University, 1988-present
  • Distinguished Professor of Economics Emeritus, Ohio University, 1985-present
  • Adjunct Scholar, American Enterprise Institute
  • Recipient, University Professor Award for Teaching Excellence, 1985
  • Recipient, Dean’s Teaching Award, College of Arts and Sciences, 1985
  • Director, Honors Tutorial Program in Economics, Ohio University, 1982-present
  • Economist, Joint Economic Committee, US Congress, 1981-1982
  • Visiting Professor of Economics, Economics Institute, University of Colorado, 1979 and 1980
  • Visiting Professor of Economics, Claremont Men’s College, 1979-1980
  • Visiting Lecturer in Economics, MARA Institute of Technology (Malyasia), 1978
  • Professor of Economics, Ohio University, 1974-1985
  • Associate Professor of Economics, Ohio University, 1969-1974
  • Assistant Professor of Economics, Ohio University, 1965-1969
  • Graduate Assistant in Economics, University of Illinois, 1963-1964
  • PhD, Economics, University of Illinois, 1965
  • MA, Economics, University of Illinois, 1963
  • BA, with honors, Economics, Northwestern University, 1962
  • Dr. Vedder was also a Research Associate for the Commission on Revenue for the State of Illinois in 1962.
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Pro & Con Quotes: Is a College Education Worth It?