Eastern Shield

Marcus Shera

Assistant Professor of Economics

Centennial Hall 206
marcus.shera@eastern.edu

Marcus Shera is an Assistant Professor of Economics in the College of Business and Leadership at Eastern University. He teaches introductory economics courses to undergraduate students and for the MBA program.

Marcus grew up in Haverford, PA only fifteen minutes from Eastern. Since high school, he has wanted to learn and teach economics and show others the wonderful insights that the economic way of thinking can unlock about the world. He studied economics at George Mason University where he received his B.S. in Economics in 2019 and his PhD in 2024. At GMU, he was a Hayek Fellow with the Academic & Student Programs Department of the Mercatus Center. He studied economic history, institutional economics, economics of religion, and delved deep into the works of Adam Smith. During graduate school, he was received into the Orthodox Church. He spent a year as a Research Associate at the Smith Institute at Chapman University.

His research focuses on the limits of institutions. Rules can only go so far in communicating and coordinating people in their daily lives. When rules run up against their limit, we need to find ways to communicate dynamically with others. Leaders may need to take on sacrifices to build trust to keep a community together. Marcus' research on monasticism shows how Christian leaders took on ascetic commitments in order to build trust among their community and lead the church through turbulent times. He has published in The Journal of Institutional Economics, The Review of Austrian Economics, and Rationality & Society. He also writes about economics, religion, and whatever else interests him at his Substack The Econ Playground.

Education
  • Ph.D. Economics, George Mason University
  • M.S. Economics, George Mason University
  • B.S. Economics, George Mason University
Research Interests

Historical Religious Institutions, Monasticism, Institutional Theory

Why I Teach at Eastern

I love being able to teach students about something I love and that will help them navigate the economic and social world as they explore God's creation and contribute to it themselves.

Courses Taught

Microeconomics, Macroeconomics