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College of Business receives $75,000 grant

Loyola press release - November 10, 2008

The Charles G. Koch Charitable Foundation awarded Loyola University New Orleans' Joseph A. Butt, S.J., College of Business a $75,000 grant to cultivate interest in the teaching of economics.

Professor Dr. Walter Block’s work in the field of Austrian economics made him the logical person to approach the Koch foundation about supporting Loyola’s students and faculty. Block is one of the top publishers in the field and internationally known for both his writings and his devotion to the development of undergraduate and graduate students.

While the foundation only makes grants to nonprofit institutions, Block says the foundation admired his work in encouraging undergraduate students to become professors of economics. Economics Professor Dan D’Amico, Ph.D., is one of Block’s former students.

“Walter, Bill Barnett and John Levendis have succeeded not only in presenting a consistent front in favor of free markets but they do an amazing job at participating in the production of good economic theory and good economics students,” D’Amico said. “I can only hope to live up to the high standards that they have set for the department in the future.”

According to the foundation’s website, it “primarily supports research and education programs that analyze the impact of free societies, in particular how they advance the well-being of mankind. Building on this knowledge, the Charles G. Koch Charitable Foundation fosters the partnership of scientists and practitioners in order to integrate theory and practice.”

The grant, which was awarded about a month ago, will be used for travel, scholarships and fellowships.

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