June 26, 2017 Why's the FED Panicking?
May 25, 2017 LFPR anyone?
Apr 26, 2017 What's up with the FED?
March 10, 2017 Feb Employment Situation
Oct 10, 2016 Tax Burden
Aug 1, 2016 Here Comes the Debt
June 26, 2016 Moribund US Economy
June 16 2016 Labor Update
Mar 10, 2016 Spring Renewal for Labor Markets?
Feb 21, 2016 GDP Gap
Feb 16, 2016 FED and Monetary Policy
Jan 19, 2016 Employment Gap Age Groups LFPR
Jan 10, 2016 A look at the Employment Situation
Dec 30, 2015 Fed Funds Rate up 25 Basis points...so what?
Dec 15, 2015 Fed Funds on the rise? Has Yellen 'Fell-in'?
Oct 15, 2015 Labor Markets Seven years of misery
Oct 6, 2015 Sept: Horrible Month for Labor
Sept 30, 2015 The FED: Interest Rate Angst
Sept 11, 2015 FED on the Monetary Policy Front
July 31, 2015 Trade and Foreign Exchange Rates
July 20, 2015 Economic Growth?
July 10, 2015 Labor Picture by Age Group
July 2, 2015 Disastrous Month in Labor Rpt
June 19, 2015 Minimum Wage - Income Distribution
Jun 5, 2015 Encouraged Worker Effect
May 8, 2015 Updated Employment Situation for April
May 4, 2015 Languishing Labor Markets
Apr 7, 2015 LFPR Doldrums on the Labor Front
March 8, 2015 Less than Zero Interest Rates - Trade War
2014 Articles
2013 Articles
2012 Articles
2011 & 2010 Articles
About us
Links of Interest
Straw Poll
Definitions & Miscellaneous


Donald R. Byrne, Ph. D.

Ph. D., Economics, University of Notre Dame

Professor of Economics, University of Detroit Mercy




THE NEW PARADIGM IN ECONOMICS – 1995 Manuscript (Last revised 2003)

FINANCIAL ECONOMICS – 1990 Manuscript (Last revised 2003)

FINANCIAL MARKETS IN TRANSITION – 1995 Published by Federal Reserve Bank of Chicago (with Paul Ballew, Senior Research Economist, currently Chief  Sales Forecaster General Motors Corporation)

Doctor Byrne has been in the classroom for nearly four decades.  In that time he has impacted countless numbers of students and professionals.  The educator’s educator, Doctor Don Byrne has dedicated himself to teach whoever is in front of him.  His greatest success lies in his analysis and his ability to convey the theory behind that analysis to his students in a complete, passionate and articulate manner.  His objective has always been to train young (and not so young) minds to analyze data so that they can develop a level of competency in a very difficult discipline – Economics.  

Doctor Byrne’s primary goal in the classroom has always been to encourage students to think for themselves and to approach all things economic with an open mind and always with their analytical tools at the ready.  His dogged determination and adherence to the analytical process has brought him to an unmatched level in the field of economic study.  Doctor Byrne’s New Paradigm in Economics embodies a life’s work and is truly ground breaking in its elegance and clarity.  

Edward T. Derbin

MA, Economics, University of Detroit Mercy

MBA, University of Detroit Mercy



Beta Gamma Sigma, National Business Honor Society (Top 5% of class)
Alpha Sigma Nu, National Jesuit Honor Society (Top 5% of class)  
When Doctor Byrne speaks of the New Paradigm in Economics, the best example is illustrated by what Ed Derbin has undergone over the past few years.  A solid financial professional at DaimlerChrysler for more than nine years, Ed was laid off in a cost-cutting effort wherein more than twenty percent of the finance staff was let go.  This was an organization that was the proud recipient of the Malcolm Baldridge Award just a few years before.  The award was given for having a lean operation, or as Ed put it, they earned the prize by doing a job and a half per employee in the finance area.  Ed’s industry experience adds a unique dimension for his students in the classroom and it also lends scope in the analysis and theoretical presentation in the newsletter.

In short, Ed Derbin’s role in this endeavor is to support, encourage and bring his significant expertise in terms of finance and management skills to bear in this ongoing project.  His long-term objective is to gain mastery of The New Paradigm...and Economics and to share the load as Associate Editor of this newsletter in bringing this increasingly relevant view of the American economy to the public.