William Dugger - Faculty & Adjuncts

William Dugger, PhD

William Dugger, PhD
Professor Emeritus of Economics
College of Arts & Sciences
918-631-2951 Chapman Hall Room 226


PhD – University of Texas BS – The University of Tulsa


William Dugger is an institutional economist working on institutional reconstruction to reduce unemployment, inequality and poverty by providing better opportunities for the unemployed and impoverished to participate in productive economic activity. His work involves improving monetary and fiscal policies as well as reconstructing the institutions making those policies in both the US and the global economies. At the global level, The Big Three Integrating Institutions of interest to him are the International Monetary Fund, World Bank, and World Trade Organization. The Big Three need to be reconstructed to provide for full participation of the poor and excluded. The objective of these Big Three institutions should be the rapid growth and development of the countries of the "Third World." The role of technology, technology transfer, and the knowledge economy are crucial to that growth and development because unlike many physical things, one person's or one group's use of knowledge does not have to exclude the use of the same knowledge by another person or group. In fact, attempted exclusion is expensive and counterproductive. 

Research Interests

Special dimensions of technological change and institutional reconstruction

Teaching Interests

Macroeconomics and economic development, emphasizing the dimensions of inequality, unemployment, business cycles, growth, abundance, technology, globalization, economic institutions and economic policy



  • Cultural Economics and Theory: The Evolutionary Economics of David Hamilton. 2010. Edited by David Hamilton, Glen Atkinson, William M. Dugger and William Waller. London: Routledge

  • Economic Abundance: An Introduction. 2009. William M. Dugger and James T. Peach. Armonk, NY: M.E. Sharpe

Journal Articles

  • “Technology and Property: Knowledge and the Commons,” Review of Radical Political Economics (Vol. 48, No. 1, 2016)

  • “Abundance Denied: Consequences of the Great Recession,” Co-Authored with Jim Peach, Journal of Economic Issues 47 (June, 2013) pp. 351-58

  • “Progressive Alternatives to Re-Regulation,” Journal of Economic Issues 44 (June, 2010) pp. 441-47

  • “The Intellectual History of Abundance,” Co-authored with Jim Peach. Journal of Economic Issues 40 (September, 2006), pp. 693-706

  • “Thorstein Veblen’s Radical Theory of Social Evolution.” Journal of Economic Issues 40 (September, 2006), pp. 651-672.

  • “Dugger’s Theorem: the Free Market Is Impossible.” Journal of Economic Issues 39 (June, 2005), pp. 309-324

Book Chapters

  • Dugger , W. “Veblen the Red”. The Engineers and the Price System, Istanbul, 2011.
  • Radical Institutionalism, sole editor and one of several contributors (Westport, CT: Greenwood Press, 1989), pp. xii, 150

  • Dugger , W. “Radical Institutionalism”. The Elgar Handbook of Socio-Economics, Edward Elgar.

Invited Reviewed Articles

  • Dugger , W., and A. Oleinik. The Invisible Hand of Power: An Economic Theory of Gate Keeping. Journal of Economic Issues.


  • Radical Institutionalism, sole editor and one of several contributors (Westport, CT: Greenwood Press, 1989), pp. xii, 150

  • Dugger , W. “Want Creation”. International Encyclopedia of the Social Sciences, Vol. 9, Macmillan Reference, 2008, pp. 14-15.

Courses Taught

  • Principles of Economics I: MacRoeconomics
  • Macroeconomic Theory
  • Economic Development

Awards & Honors

  • Professor of the Year, 2004
  • Thomas Divine Award for Lifetime Service to Social Economics
  • Golden Pencil Award
  • Veblen-Commons Award
  • Most Valuable Professor, 2014
  • Special Presidential Award for Scholarly Leadership and Organization