Economics is defined as the science that deals with the actions of individuals and societies directed toward meeting certain ends in a world where the means necessary to meet those ends have alternative uses. The definition introduces several key concepts in economics which are discussed in more detail in the first section of this chapter.
Keith A. Rowley
Professor Keith A. Rowley graduated Phi Beta Kappa from Baylor University, majoring in economics and political science. After earning his M.P.P. from Harvard University's Kennedy School of Government, he returned to Baylor (in the latter stages of the last Great Recession) to teach a variety of economics courses and team-teach a course in American public policy. He later earned his J.D. from the University of Texas School of Law, where he served as executive editor of the Texas Law Review.
Before joining the Boyd School of Law faculty in 2001, Professor Rowley taught at Mississippi College School of Law and Emory University School of Law He spent the 2007-08 academic year as the Charles E. Tweedy, Jr. Visiting Chairholder at the University of Alabama School of Law. He was appointed a William S. Boyd Professor of Law in 2008.