MISSION

Provide clear, objective, applied big-picture economics in order to share the insightful experience gathered over a lifetime career as a researcher, regulatory economist and administrative manager.

WORLD VIEW

Economics is informed by political economy.  The world view of Econwerks LLC is that market-centric economics work best at the provision of goods and services when well-defined rules of the road are in place and true competition and rivalry prevail.  Due to externalities, network effects, functional non-linearities, asymmetric information, and government intrusion, pure or even workably reasonable competition often does not prevail such that the state of the economy is one more akin to monopolistic competition.  This situation needs proper stewardship that can take many forms:  including relying on technological change, creating market allowance and property rights-based compensation or incentive mechanisms, providing relatively light-handed regulation or much stronger deliberate command and control regulation, or by simple force of regulatory law and fees or taxes.  All this operates within the context of no party, person, organization, or group holds a monopoly on the truth.  Moreover, humans and their judgement and behavior are inherently imperfect.  Furthermore, with the government rather loathe to enforce anti-trust, increasing industry consolidation with only several players has become the norm with the significant use of Ramsey type pricing or yield management models.

NORMATIVE BELIEFS

Everything is marginal.  Every situation is an integral of countless marginal decisions.  Calculus is great.  Thank you to Sir Isaac Newton.

The scientific method should be used with rigor and intellectual honesty free of political beliefs and customs.  Thank you Nicholas Copernicus.

James Madison’s Federalist Papers espousing a tug-and-pull, back-and-forth almost didactic approach to discerning truth is raw powerful brilliance.

Thomas Paine’s Common Sense and wisdom still prevails today:  No single entity has a monopoly on truth.

ABOUT

Econwerks LLC operates from its home base in Madison, Wisconsin.  Econwerks LLC was formed in 2023, and is a limited liability company organized under the laws of the State of Wisconsin.  Econwerks LLC is a consultancy based on the premise of providing economic analysis dedicated to the spirit of using research to expand understanding with prime emphasis on utilizing an intellectually honest independent-of-economic-interests scientific method.  Econwerks LLC operates the Econwerks.com web site and its Insights Page. 

About the business name.  Econwerks LLC is a combination of the discipline of Economics with the German concept of an ongoing workshop of ideas, or Werks.

Clients

Econwerks LLC has been retained by Public Utility Commissions, Utility Holding Company Operations, Customer Group Intervenors, Software IT Companies, Pipelines, and Private Individuals.  Econwerks LLC also participates in the Regulatory Reserves Network, an association of economics, audit, and finance consulting operations engaged in objective knowledge transfer and implementations.

Memberships

American Economic Association

National Association of Business Economics

American Numismatic Association

Central States Numismatics Society

Phi Beta Kappa Society