Diana Thomas

Diana Thomas

Associate Professor of Economics
Heider College of Business at Creighton University

Dr. Diana Thomas is an associate professor of Economics at Heider College of Business at Creighton University.  A German native, she earned her Diploma in Business Administration from Fachhochschule Aachen and her BS in Finance from George Mason University in Fairfax, Virginia. After gaining some experience as a junior portfolio manager at a mutual fund management company in Frankfurt, Germany, Dr. Thomas returned to George Mason University to complete her MA and PhD in Economics in 2005.  She moved to Utah State University in the Fall of 2009 and has since then primarily taught classes in International Economics.

Her primary fields of research are in the areas of public choice, development economics, and Austrian economics. In her work, Dr. Thomas explores the role political entrepreneurs play in changing the formal and informal rules that govern economic exchange in society.  She has published papers on the regulation of late medieval German beer markets, informal property rights institutions among taxi cab drivers in Trujillo, Peru, regulation of child care markets, and the role political entrepreneurship plays in bringing about institutional change more generally.


Liberty 101

Rational Ignorance

The Dangers of Politics


Liberty 101: What is Liberty?

What are your ideas about liberty? The Liberty 101 On Demand Program talks about what being pro-liberty means and why it’s important to our society. Just about everyone of every political…

Liberty 101: What Does Liberty Really Mean?

Liberty: few people say they dislike it, so what makes libertarians’ emphasis on it different? Learn Liberty and Students for Liberty have joined together to explore the ideas of freedom through…

How to Rig a Majority Vote

Do you think that a majority vote is always the fairest way to reach a consensus? Think again! In this Learn Liberty video, Professor Diana Thomas illustrates a paradoxical outcome…

Why Do Politicians All Sound the Same?

Have you ever wondered why politicians seem to all say the same thing, especially during presidential elections? According to Professor Diana Thomas, this is due to the median voter theorem.…

Why Are Voters So Uninformed?

Surveys routinely show that the general public is poorly informed about government and politics. In a survey conducted in 2010, for example, fewer than half of respondents even knew which…

Why Is There Corn in Your Coke?

Coca-cola used to be made with real sugar, but in 1984 the makers of the soft drink replaced sugar with corn syrup. Why did this happen? Part of the reason…