William Ferguson

Goodnow Hall 303
1108 Park Street
Grinnell, IA 50112
United States

Curriculum Vitae

William D. Ferguson

Senior Faculty

Gertrude B. Austin Professor of Economics

Offices, Departments, or Centers: Economics , Policy Studies ,

Bill Ferguson is the Gertrude B. Austin Professor of Economics at Grinnell College, where he has taught since 1989. He is the author of The Political Economy of Collective Action, Inequality, and Development (Stanford University Press, 2020) and Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy (Stanford University Press, 2013). Both books advance the proposition that successful development requires resolving underlying collective-action problems. The earlier book begins with micro-level foundations of political economy and ends with macro-level attention to knowledge, distributions of power, institutions, and growth. The latter book extends these macro themes by focusing on how distributions of power shape configurations of institutions and associated types of collective-action problems that condition prospects for achieving functional political and economic development. Continuing that theme, he is also a coauthor of Political Settlements and Development (Oxford University Press, 2022).

Professor Ferguson is past Secretary-Treasurer of the Midwest Economics Association and prior chair and founder of Grinnell’s Policy Studies Concentration. After graduating from Grinnell College in 1975, with a B.A. in history, he worked as a neighborhood community organizer in Seattle Washington until 1982, when he shifted to studying economics, receiving his Ph.D. from the University of Massachusetts at Amherst in 1989. His teaching has ranged from institutional political economy, applied game theory, and policy analysis to labor economics, British economic policy, and climate policy. His early publications focused on the wage-productivity gap in the US economy and modeling implicit bargaining power in employment relationships. After 2008, he shifted to institutional political economy and development. While writing his 2013 book, he visited Indiana University’s Workshop in Political Theory and Policy Analysis, where he discussed his 2013 book manuscript with the late Elinor Ostrom.

We use cookies to enable essential services and functionality on our site, enhance your user experience, provide better service through personalized content, collect data on how visitors interact with our site, and enable advertising services.

To accept the use of cookies and continue on to the site, click "I Agree." For more information about our use of cookies and how to opt out, please refer to our website privacy policy.