Awards & Scholarships

Richard L. Gordon

Richard L. Gordon

AIME Mineral Economics Award in 1981

For his thoughtful and rigorous economic analyses presented in books, papers, and teaching which have provided an outstanding guide toward a more rational allocation of society's scarce resources to meet the world's fuel needs, especially coal; and for his leadership, as Chairman in 1975, which strengthened the Council of Economics of AIME.

Dr. Gordon was Professor Emeritus of Mineral Economics in the College of Earth and Mineral Sciences at The Pennsylvania State University and an adjunct scholar of the Cato Institute. In 1990, The Pennsylvania State University awarded him the MICASU University Endowed Fellowship in Mineral Economics which he held until his retirement in 1996. His work on coal includes: four books — The Evolution of Energy Policy in Western Europe, the Reluctant Retreat from Coal (1970), U.S. Coal and the Electric Power Industry (1975), Coal in the U.S. Energy Market: History and Prospects (1978), and World Coal, Economics Policies and Prospects (1987); reports to government agencies –- Historical Trends in Coal Utilization and Supply (1976) and Marketing Prospects for Western Coal (1976); four reports reviewing the literature on coal economics, each bearing the title Economic Analysis of Coal Supply: An Assessment of Existing Studies, pamphlets on U.S.-Canadian Coal Trade and U.S. Coal Leasing, and numerous articles including several commissioned for survey volumes in energy.

His other work has included articles and book chapters on energy and mineral policy in general, papers on the theory of the optimal exploitation of exhaustible resources, and four other books, An Economic Analysis of World Energy Problems (1981), Reforming the Regulation of Electric Utilities: Priorities for the 1980s (1982), Regulation and Economic Analysis (1994), and Antitrust Abuse in the New Economy: the Microsoft Case (2002). Dr. Gordon received many awards and commendations over his career, including those from the Pennsylvania State University (1989), the government of Venezuela (1989) and the International Association for Energy Economics (1992 and 2008). Dr. Gordon received an A.B. degree in economics from Dartmouth and a Ph.D. in industrial economics from the Massachusetts Institute of Technology.