Mihaylo Economics Professor Robert Michaels has spent more than 47 years studying and teaching business. His specialty is industrial economics, particularly related to the electricity and natural gas fields. He looks back on his career, with advice for today’s students and alumni considering opportunities in economics.
For Robert Michaels, an economics career began as an extension of science coursework at the University of Chicago in the 1960s. “I was in college and like all smart kids in those days, I studied science,” he recalls. His university did not offer business majors, so economics courses were available as electives. “I took an economics elective in my third year, and I did well in it.”
While working for the nonprofit Institute for Defense Analyses in Washington, D.C., Michaels recognized the importance of an economics education. “I realized economics provided a knowledge of the world that other people did not have,” he says. Continue reading