Michael S. McPherson is an American economist who was the 15th president of Macalester College between 1996 and 2003.[1][2][3] Before Macalester, McPherson taught economics at Williams College, where he was also chair of economics department and dean of the faculty.[4] After leaving Macalester, he led the Spencer Foundation for fourteen years before retiring in 2017, where he is president emeritus.[5]
McPherson graduated from the University of Chicago with a bachelor's degree in mathematics in 1967. He continued at the University of Chicago for his graduate studies, and received a PhD in economics in 1974.[4][6]
Before joining Macalester, taught at Williams College for twenty-two years as a professor of economics.[7] At Williams he was also chair of the Economics Department and dean of the faculty.[6] McPherson's academic work mainly focuses on the relationship between economics and higher education. He has co-written several books with economist Morton O. Schapiro, the 16th president of Williams College and 16th president of Northwestern University.[8][9][10]
As president of Macalester, McPherson changed the organization of the Presbyterian-affiliated college's chaplaincy, also making Macalester's chaplain the associate dean of religious and spiritual life.[11]
McPherson has had fellowships from the Institute for Advanced Study in Princeton, the Brookings Institution, the Mellon Foundation, and the Urban Institute.[12] He served on the board of Wesleyan University, and is an advisor at the Institute for Research in the Social Sciences at Stanford University.[13][14] McPherson is a fellow of both the American Academy of Arts and Sciences and the American Philosophical Society, and in 2022 he spoke at a Northwestern University symposium honoring Morton Schapiro.[14][15]
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