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Scott Fullwiler

Scott Fullwiler is a Research Scholar at the Global Institute for Sustainable Prosperity and Associate Professor of economics at the University of Missouri – Kansas City. He previously held the James A. Leach Endowed Chair in Banking and Monetary Economics and is the Social Entrepreneurship Program Co-Director at Wartburg College in Waverly, Iowa. There he taught courses in financial management, investments/portfolio management, financial markets, bank management, financial modeling, valuation, monetary economics, advanced macroeconomics, ecological economics, and social entrepreneurship.

He was also an adjunct faculty in Presidio Graduate School’s (San Francisco, CA) Sustainable MBA program, where he teaches sustainable capital markets.  Presidio is ranked #1 among MBA programs for sustainability by Net Impact.

Scott’s academic research has been largely on the interactions of financial institutions, central banks and government treasuries, such as in money markets, national payments systems, government debt operations, and central bank operations. His research in these areas has been required reading in some PhD programs and is frequently invited to present at national and international conferences.  He is best known as one of a few handfuls of leading proponents of Modern Money Theory and blogs periodically for New Economic Perspectives.

Fullwiler’s research is grounded in systems methodology, a result of receiving his PhD under the direction of prominent systems theorist and economist F. Gregory Hayden at the University of Nebraska. In 2009, he co-edited Institutional Analysis and Praxis–The Social Fabric Matrix Approach, which extends the systems-based framework designed by Hayden and also applies it to several economic policy issues.

For the past several years, Scott has pursued teaching and research interests in Social Entrepreneurship, and, in particular, finance and investment where social and environmental impact are explicitly concerned. He led an interdisciplinary effort to design a minor in Social Entrepreneurship at Wartburg College, and then designed courses in the emerging field of Social Capital Markets for both Wartburg College and Franklin College in Switzerland.  He also helped design and launch a blended for-profit/non-profit small business incubator in Waverly, which followed a two-year stint as Treasurer for Waverly’s Chamber of Commerce.

Research Scholar and Associate Professor of Economics at the University of Missouri – Kansas City

Publications

Sustainable Finance: Building a More General Theory of Finance

Traditional financial theory is driven by a narrow set of values—namely that only financial risk and financial return matter.  Quite clearly, investments—whether projects or companies—produce a much broader set of outcomes than this...
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