Master of Business Administration, Doctor of Philosophy Graduate School Business, University Chicago, 1948, 1952.
Wrote brilliant articles on health economics, particularly the role of the AMA in the professionalisation of American medicine, the functioning of capital markets, with particular reference to the term structure of the
interest rate, industrial economics, and the traditional theory of inflation (jointly with A. A. Alchian). Instructor Economics, University Missowa, 1948-1949. Economics, Rand Corporation, Santa Monica, California, 1950-1954.
Instructor Economics, Association Professor, Professor, Graduate School Business, University Chicago, 1957, 1962-1965, 75. Consultant, Director, Bell Federal Savings and Loan Association.