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Faculty Profiles

Seth Norton, Ph.D.

Professor of Business and Economics

On Faculty since 1995
630.752.5310



Seth W. Norton is currently the Jean and E. Floyd Kvamme Professor of Political Economy and former Director of the Wheaton Center for Faith, Politics & Economics. Professor Norton has held teaching positions at Triton College, Washington University, Illinois State University, and the University of Michigan. Norton has a broad teaching background, including American government, economics, finance, marketing and business strategy. At Washington University, Norton was the recipient of the Burlington Northern Foundation Award for distinguished achievement in teaching.

Professor Norton’s research record is also diverse. He has published widely in nearly every area of business and economics as well as legal studies and public policy. Norton has made important research contributions on government regulation, franchising, telecommunications, and world poverty. Norton is a member of the executive board of the Western Economics Association International and serves as its secretary-treasurer.

Professor Norton is currently studying the links between economic institutions and poverty, public policies towards business and the economy, government regulation, property rights, and the role of culture in framing economic institutions. From 1996 to 2008, Professor Norton was the head wrestling coach at Wheaton College. During that period, he coached sixteen Wheaton wrestlers to CCIW championships, three Wheaton Invitational Championships, five All-American awards, two NCAA Division III championships, five Scholar-All Americans, and one Scholar All-America team.

University of Chicago
Ph.D., Economics and Finance, 1982

University of Chicago
M.B.A., Finance and Industrial Relations, 1975

University of Wisconsin
M.A., Public Policy and Administration, 1971

Northwestern University
B.A., History, 1969

  • Business Strategy
  • Finance
  • Economics
  • Public Policy
  • American Government
  • Marketing
  • Palatine (Illinois) High School Athletic Hall of Fame, September, 2005
  • Earhart Foundation summer research fellowship, 2005
  • Julian Simon Fellow, PERC-Center for Free Market Environmentalism, Bozeman, Montana, 2001. Awarded fellowship to study effects of population growth on poverty, environmental degradation, and environmental enhancement
  • Earhart Foundation summer research fellowship, 1999
  • Burlington Northern Foundation Award for distinguished achievement in teaching, 1988
  • John M. Olin Fellow, 1986-87. Awarded fellowship to study economics of franchising
  • Beta Gamma Sigma, 1978
  • University of Chicago Fellowships, 1977-80

Academic Positions

  • Professor of Business and Economics, Wheaton College, July 1, 2014 to present
  • Jean and E. Floyd Kvamme Professor of Political Economy and Director of the Wheaton
  • Center for Faith, Politics, and Economics, July 2010 to June 2014
  • Norris A. Aldeen Professor of Business, Wheaton College, Wheaton Illinois, 1997-2010
  • Norris A. Aldeen Associate Professor of Business and Economics, Wheaton College, Wheaton, Illinois, 1995-1997
  • Adjunct Instructor, Stuart School of Business, Illinois Institute of Technology, Summer 2003
  • Associate Professor of Economics, Illinois State University, Normal, Illinois, 1992-1995
  • Visiting Associate Professor of Business Economics, University of Michigan, Ann Arbor, 1990-1991
  • Associate Professor Marketing and Business Economics, Washington University, St. Louis, 1988-92
  • Assistant Professor of Marketing and Business Economics, Washington University, St. Louis, 1981-1987
  • Research Associate, Center for the Study of American Business, 1987-1988
  • Social Science Instructor, Triton College, River Grove, Illinois, 1970-1973

Other Positions

Associate, Management Analysis Center, Northbrook, Illinois, 1976-77, part-time 1977-78.
Duties included budget analysis and corporate planning for client firms. Assignments included developing operating budgets in production and support functions and analysis of research and development budgets. Assignments also included economic and financial analysis for litigation support in antitrust cases. Client firms included Babcock and Wilcox, Mead Paper, Monsanto, Minneapolis Star-Tribune, Parke-Davis Pharmaceuticals, and Warner Lambert.

Financial Analyst, Federal Energy Administration, Washington, D.C., 1975-76.
Duties included review of firms’ requests for waiver of U.S. price and allocation regulations, analysis of financial and economic data, and drafting of recommendations for decisions regarding waiver requests.

Personal Consulting Clients

Chloride Battery, Consolidated Aluminum, Motorola, Proctor & Gamble, Smith and Nephew

Undergraduate:
American Government and Politics, Business Strategy and Analysis, Economic and Business Research, Econometrics, Economics of Competition, Industrial Organization, Intermediate Microeconomics, Investment Analysis and Capital Markets, Macroeconomics, Managerial Economics, Managerial Environment, Microeconomics, Marketing Policy, Money and Banking, Pricing, and Principles of Finance (Corporate), Survey of Social Sciences.

Graduate (MBA and Executive MBA):
Microeconomics, Marketing Management, Marketing Strategy, Marketing Channels, Pricing, and Managerial Economics.

Religion and Educational Attainment in the United States, International Journal of Education and Human Development
Seth Norton, Annette Tomal, 2016