Calling on Presidents, Clark Beim-Esche
Formerly the chief economist for the Federal Reserve Bank of Atlanta, Donald L. Koch currently oversees Koch Asset Management and the Donald Koch Foundation. Through the foundation, which supports programs for young people that promote an understanding of US history, Donald L. Koch has sponsored presentations featuring such historians and authors as Clark Beim-Esche.
A longtime educator and lecturer, Clark Beim-Esche is the author of Calling on the Presidents: Tales Their Houses Tell. In the 474-page book, Beim-Esche takes the reader on a journey as he and his wife travel the United States visiting the homes of former presidents. In addition to stopping by several presidential homes, the couple travel to historic sites associated with every past American president.
As he visits the locations, Beim-Esche discusses the historical relevance of each and provides readers with a unique insight into the US presidency. Readers can follow along on trips to George Washington’s Mount Vernon in Virginia; Ulysses S. Grant’s childhood home in Georgetown, Ohio; and Ronald Reagan’s ranch outside of Santa Barbara, California. Other notable stops highlighted in the book include Lincoln’s birthplace in Hodgenville, Kentucky, and William Henry Harrison’s home in Vincennes, Indiana.
Daycroft School Foundation
Donald L. Koch is the president of Koch Asset Management and a recipient of the Distinguished Daycrofter Award, which was established in 2000 to recognize former students and faculty members of Daycroft schools for their contributions to the community. Upon receiving the award in 2007, Donald L. Koch made mention of how important he feels it is for students at Daycroft and Principia, which he attended when studying for his bachelor’s degree in economics, to make the most out of the opportunities afforded to them and to give back to their communities.
Daycroft itself aims to do this by offering grants to schools that provide education with the values of Christian Science at its core. School grants are rare in comparison to those provided to students who attend the six Christian Science camps in Canada and the United States, however, Daycroft has committed itself to helping the 14 schools all over the world that use the fundamentals of Christian Science at the core of their educational offerings.
Daycroft provides specific assistance to the children and grandchildren of Daycroft alumni students and faculty who attend Principia School, which is based in St Louis, Missouri.
Donald L. Koch is an economist with extensive experience and also the current president of Koch Asset Management. Prior to beginning his career, Donald L. Koch studied economics at Principia College, earning his bachelor’s degree in the subject before going on to complete his masters at Trinity College in Connecticut. One of the core areas of economics that students will encounter during their time at college is econometrics.
Econometrics relates to the practice application of mathematics, statistics, and economic theory. It is primarily used to work out how theoretical economic models can be turned into practical models that have tangible effects on the economy.
In doing this, econometricians take the qualitative statements produced by theorists in their models and develop versions that offer quantitative statements instead.
The difference between qualitative and quantitative statements is subtle but important. A qualitative statement is one that refers to a situation that can be measured with numbers. For example, saying somebody’s skin is softer after they have applied lotion it a qualitative statement.
Quantitative statements seek to bring facts and figures into the mix. Using the skin example above, a Quantitative statement would focus on the increased percentage of softness the skin has attained following the use of the lotion.
Econometricians do the same thing, only applied to economics.