Leland Yeager has been a guiding light in instilling in his students and colleagues the logic of the price system, whether it be in advanced price theory, which he taught at the University of Virginia when I was a Ph.D. student, or international trade. His appreciation for the institutional infrastructure of a market system was clearly seen in his teaching and in his scholarship. His discipline and love of learning is legendary. On this his 90th birthday, we can all be thankful for his many contributions to the economics profession and for his friendship over the years. Happy birthday, Leland!
Jim Dorn is Vice President for Monetary Studies at the Cato Institute