Investing in the best

These are the words John Kenneth Felter ’72, MA’72 used to describe beloved Boston College economics professor Richard W. Tresch at the latter’s retirement party in 2018.

Tresch’s teaching at BC was legendary, Felter recalls—a sentiment shared by the Commonwealth of Massachusetts, as Governor Charlie Baker awarded Tresch a citation upon his retirement to acknowledge his “dedicated service to Boston College as a preeminent teacher, stalwart administrator, contributor to the social sciences, and esteemed author and public-sector theorist.” His former student Ken Felter put succinctly the enormous impact Tresch had on him and so many BC students: “Dick is a great teacher. Dick inspires,” he says.

Felter has never forgotten the importance of great teachers—indeed, he’s made it a top priority to support them. That’s why, when he made a gift to BC to establish an endowed faculty position earlier this year, he did so in honor of Tresch.

Economics professor Richard W. Tresch

Felter remembers his first course with Tresch vividly: “What I found so interesting about his Principles of Economics class was not only the substantive subject matter, but also Dick’s teaching style. He was a master of the Socratic method. He challenged students to apply economic theory to real-world situations.” Felter, who had never studied economics, was inspired to make it his major as well as the subject of his Scholar of the College project, and to simultaneously earn his Master’s in Economics, all within four years.

Throughout the half century since his graduation, Felter has been a loyal supporter of the Economics Department and the Morrissey College of Arts and Sciences, where he’s worked to promote excellence in teaching. In fact, since he retired as a partner and trial lawyer at the prestigious international law firm, Ropes & Gray LLP, Felter has taught a popular Cross Currents course at BC, Thinking about Law and Economics (and Psychology), which captures the interdisciplinary ethos of the University’s most distinctive academic offerings. Felter also teaches at Harvard Law School and in the Economics Department at Harvard College.

Felter has also established a number of endowments at the Morrissey College that offer vital support to its faculty, including the Felter Family Endowed Faculty Fellowship and the Felter Family Economics Department Doctoral Fellowship. His newest contribution was established with the aim to “support and recognize excellence in undergraduate teaching.”

The University has found such a teacher: on March 17, the Boston College Chronicle announced that Theodore Papageorgiou had been named the inaugural Felter Family Associate Professor. Papageorgiou, whose research focuses on labor and transportation economics, says he is “humbled to join the growing group of endowed chairs at Boston College.” He finds great joy in working with BC students, remarking that they are “intellectually curious, genuinely want to learn, and are kind.” “[BC students] are a pleasure to teach,” adds Papageorgiou. In June, Papageorgiou was awarded the Frisch Medal of the Econometric Society in recognition of his research on costs involved in the global transportation of goods.

With the arrival of new faculty talent such as Papageorgiou, the legacy of Dick Tresch—of brilliant scholarship and fully-dedicated undergraduate teaching—remains as powerful as ever at the Heights.

First Frisch Medal for Boston College

THEODORE

PAPAGEORGIOU, PhD

INAUGURAL FELTER FAMILY ASSOCIATE PROFESSOR

EDUCATION

• BA, University of Athens
• PhD, Yale University

EXPERTISE

• Labor Economics
• Macroeconomics
• International Trade

THEODORE

PAPAGEORGIOU, PhD

INAUGURAL FELTER FAMILY ASSOCIATE PROFESSOR

• BA, University of Athens
• PhD, Yale University

EXPERTISE

• Labor Economics
• Macroeconomics
• International Trade

In Summer 2022, Felter Family Associate Professor Theodore Papageorgiou was presented with the prestigious Frisch Medal of the Econometric Society for his research paper, “Geography, Transportation, and Endogenous Trade Costs,” published in Econometrica and co-authored with his wife, Myrto Kalouptsidi (Harvard University), and Giulia Brancaccio (New York University).

The researchers challenge the assumption that transportation costs are constant, demonstrating that trade imbalances, and the availability of routes and port locations, profoundly influence the cost of international trade and shape its policies.

Papageorgiou is the first BC economist to become a Frisch honoree, several of whom are Nobel Prize laureates. “I am deeply honored and humbled,” he says. “I am very lucky to be able to work at such an amazing and intellectually stimulating department and University. This would not have been possible without the support of a great group of colleagues.”