Bachelor, Johns Hopkins University, 1961. Master of Arts, Stanford University, 1963. Doctor of Philosophy, Stanford University, 1966.
Professor economics University Maryland, College Park, since 1965. Consultant Federal Deposit Insurance Corporation, Washington, 1987.
Member American Economics Association, Eastern Economics Association, Southern Economics Association.
Married Brigitte University Grohl, June 21, 1964. Children: Paul A., Carl A.