Lester D. Taylor is currently Emeritus Professor of Economics at the University of Arizona, where he taught for 36 years. He has a B.A. in economics and mathematics from the University of Iowa (1960) and a Ph.D. in economics from Harvard University (1963), and taught at Harvard and the University of Michigan prior to Arizona. He was a senior staff economist at the President’s Council of Economic Advisers in Washington, D.C. in 1964-65, and spent 18 months in 1967-68 with a group of Harvard economists as an advisor to the Ministry of Planning of the Government of Colombia. Since 1975, Dr. Taylor’s research has had a heavy emphasis on the econometric estimation of price and income elasticities in the electricity and telephone industries, and he has consulted extensively with electricity and telecommunications companies worldwide.

He is the author (or co-author) of more than 80 journal articles and a dozen books, including Telecommunications Demand in Theory and Practice (1994), Consumer Demand in The United States (Third Ed., 2010), Capital, Accumulation, and Money (Second Ed., 2010), and Probability and Mathematical Statistics (1974).