Professor Edward (Ted) Shepard joined the Le Moyne faculty in 1990 and served as Chair of the Economics Department from 2000 to 2010. He teaches Microeconomics (Principles and Intermediate), Labor Economics, the Economics of Crime and Punishment, and the Economics Seminar.
Professor Shepard’s main interest is engaging students, inside and outside of the classroom, to apply economic reasoning to everyday life and to view economics as a way to gain insight into how the world works. His teaching and research interests are in areas of Applied Microeconomics, Labor Economics, and Public Policy. Professor Shepard has authored or co-authored papers in several areas of economic research, namely 1) use of innovative methods in housing construction, 2) effects of workplace practices on labor productivity (e.g. profit sharing contracts, flexible work hours, use of overtime hours), and 3) economics of drug policy (examples are drug testing and productivity, drug enforcement and crime, and the economic costs of the D.A.R.E. program). He has published papers in the Journal of Housing Economics, Industrial Relations, WorkingUSA, the International Journal of Manpower, Social Science Quarterly, and the Journal of Drug Issues. He was a co-author, with Professor Paul Blackley of a chapter on "Crime and Drugs" that appeared in the Handbook on the Economics of Crime.
More recently, Professor Shepard has been conducting research on intellectual property rights and copyright issues that have arisen with the evolution of the popular music industry, the Internet, and the digital technology.
When he is not teaching or conducting research, Professor Shepard might be out looking for the best deal on some good or service, sampling Chinese food at Wegman’s or a local restaurant, or listening to rock and roll or folk music. On the other hand, he might be out on the tennis court, cross-country skiing in the back woods, cycling around Madison County, or casting for bluefish off of Cape Cod, depending on the time of day, time of year, and all the relevant opportunity costs, naturally.
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