W. Michael Cox is Director of the O’Neil Center for Global Markets and Freedom at Southern Methodist University’s Cox School of Business. The focus of the O'Neil Center is the study of the impact of competitive market forces on freedom and prosperity in the global economy.
Dr. Cox is formerly Chief Economist and Senior Vice President of the Federal Reserve Bank of Dallas, where he served for 25 years advising the President on monetary and other economic policies. He holds the unique distinction of being the Federal Reserve System’s only Chief Economist in history.
Cox is widely published in the nation's leading business press, Fed publications and academic journals. He is the author of numerous op ed articles for The Wall Street Journal, The New York Times, USA Today, Financial Times,and Investor’s Business Daily and his work has appeared in virtually every major newspaper and magazine worldwide.
Dr. Cox has comprehensively documented the progress in America’s living standards and the mechanism which delivers it—free markets. He battles economic doomsayers in his book, Myths of Rich and Poor, nominated for a Pulitzer Prize. He has contributed to a number of public policy issues, and his research is frequently designated as required reading for Congress.
The media rely on Dr. Cox's ability to make plain sense out of difficult economic issues. He is a frequent guest on national radio, television and Internet programs, including ABC’s John Stossel program, CNN, C-SPAN, Fox News, ReasonTV, Voice of America, National Public Radio and numerous talk radio programs. His YouTube video “Would You Give Up The Internet For 1 Million Dollars?” went viral in Europe and won some awards.
He is Past President of the Association of Private Enterprise Education, a CATO Institute Adjunct Scholar, Senior Fellow at the National Center for Policy Analysis, Senior Fellow at the Dallas Fed’s Globalization and Monetary Policy Institute and a Distinguished Scholar of his undergraduate alma mater Hendrix College. His thirty six years of university teaching include Virginia Tech, the University of Rochester and Southern Methodist University.
Dr. Cox is Chief Economist of Argentus where he writes a monthly newsletter and he is President and CEO of W. Michael Cox and Associates, LLP, a Dallas-based private consulting group. He lives in Dallas with his wife Maria and daughter McKenna.
Keynote Speaking Topics
”Making Good Money in a Bad Economy”
High levels of government debt, rising inflation and slow economic growth are likely to plague the U.S. economy for the foreseeable investing horizon. But a bad economy doesn’t have to mean bad investment performance – if you understand the economy, what’s likely to happen and how to position your portfolio to profit from it. In this presentation, we discover how to make money in a bad economy. By taking advantage of coming changes in economic policy that will hurt some industries and firms, while helping others. We also explore ways to avoid the rising tax burden and outperform traditional investments with a wide array of alternatives.
“Six Economic Themes for the Decade Ahead”
There were six main drivers for the U.S. economy over the past quarter century—technology, globalization, credit, consumerism, inflation, and government. How will these drivers compare going forward and what are the implications for growth and investment? Make no mistake—2010-20 is a very different decade. Preparation for the road ahead is only possible if you know where the economy is going, which I focus squarely upon herein. Investment opportunities are there in any economy and this one is no exception—if you know what to expect. This talk provides the closest, clearest look into an economic crystal ball that you’ll ever get.
“The Imagination Age: Third Wave of American Progress”
America has left The Information Age and moved on—but to what? The answer is “The Imagination Age.” Ages are defined by what is dear—possible to have but expensive—and Ages end when what was once dear becomes commoditized. As food became commoditized we moved out of the Agrarian Age, as it happened with manufactured goods we moved out of The Industrial Age and now it is happening with information. Knowledge is cheap. What’s the next dear thing? The answer is Imagination—our ability to see what can be done with all the technology that’s around us. This talk focuses on America’s progression through the Ages and on what that means for us as American entrepreneurs, managers and workers. How can America stay on top in an expanding global economy? How can you make yourself more valuable? The title of this speech is also the title of my next book, in process.
“Myths of Rich and Poor: Why We’re Better Off Than We Think”
This speech follows up on my Pulitzer Prize-nominated book of the same name, with updated data showing the state of living standards in America. I review five areas of American economic progress: 1. consumption and wealth, 2. leisure time and recreation, 3. variety and choice, 4. working conditions, and 5. health, safety and security … showing how far we’ve come in each area and what’s to credit. It’s a good news, optimistic message at a time when otherwise it’s hard to find.
“Looking for the New ‘New World'
This talk focuses on the monumental state-to-state migration that’s going on inside America (of both people and income), shows which states are gaining and which are losing, and WHY. The American yearning and quest for self-determination is still alive and well. Although more Americans than ever are taking the drastic step of moving outside America, still most people move inside the country in search of something, and this talk shows what precisely what they’re looking for. This presentation has implications for which states are attractive for relocating company headquarters, which are likely to be America’s growth engines of the future, and which are prime for real estate and other types of investment (as well as which to avoid). The secret to getting states back on track economically also applies to America as a nation.
“Outsource or Die”
The question is not is America outsourcing too many jobs, the question is are we creating enough global entrepreneurs. The advent of the internet and other new technologies have enabled most businesses—big and small alike—to improve their business model, not just by selling to a growing number of foreign customers but by incorporating foreign labor into production. Hardly any ways of doing things which were optimal in the early 1990s remain so today, especially in the service sector. The combination of American ownership, management and sales together with foreign labor is the signature new business model going forward. Don’t think you can’t do it – you just need to know how.
“Waiting for the Next Big Thing”
This talk focuses on technology, and where we are now on the latest Kondratief Wave—the so-called “long wave” of economic activity. The growth tsunami of 1982-2007 was driven by the microchip and its numerous technology spillovers—computers, smart products, software, the Internet, etc. But many people are worried that the technology boom is over. Is it, or are there other new big technology spillovers in play right now … and perhaps even the Next Big Thing?
Watch Dr. Michael Cox's video.