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E. Frank Stephenson

Member of: FEE Faculty Network

Frank Stephenson is a professor of economics at Berry College in Rome, Georgia.  He holds a B.A. from Washington and Lee University and a Ph.D. from North Carolina State University.  His research interests lie primarily in public choice and sports economics, and he has published in scholarly journals such as Public Finance Review, Public Choice, the International Journal of Sport Finance, and the Journal Sports Economics.  He has also contributed to Regulation and The Freeman and has taught at IHS and FEE summer seminars. He is a member of the FEE Faculty Network


E. Frank Stephenson's Articles

T. Boone Pickens is Right About Oil Imports? It Just Ain't So!

The $700 billion that Americans spend annually to purchase oil from other countries (according to Pickens) is a price not a transfer. For the $700 billion we send to oil exporters, we get something in return—oil. Our receipt of millions of barrels of oil in exchange for that money is hardly a transfer. We receive a versatile commodity that can be used for everything from making plastics to fueling family vacations. The exporters receive the $700 billion that they can then use to purchase other goods and services.

- April 01, 2009

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