Thomas Michael Power is currently Professor of Economics and Chairman of the Economics Department at the University of Montana. He received his under- graduate degree in Physics from Lehigh University where he graduated magna cum laude and Phi Beta Kappa. He did his graduate work at Princeton University on a Woodrow Wilson national fellowship. He received his masters and doctorate from Princeton in Economics. Professor Power has taught at Princeton, Lehigh, and the University of Montana, where he has been since 1968. He has been Chairman of the Economics Department since 1978. Professor Power has authored several books: Lost Landscapes and Failed Economics: The Search for a Value of Place ( Island Press, 1996), The Economic Pursuit of Quality ( M.E. Sharpe Publishers, 1988), and The Economic Value of the Quality of Life ( Westview, 1980). In addition, he has written over a hundred book chapters, papers, reports, and monographs in the field of resource economics and regional economic development. He regularly testifies before state and federal regulatory agencies on energy policy, natural resource development, environmental protection, and local economic development. He is a regular commentator on economic issues on Montana Public Radio and in the regional press.