Tyrone Grandstrand
Major: Politcal Science, Business Economics and Honors
Mentor: Dr. Jason Jensen
Expected Graduation Date: December 2011
About me:
Hello, my name is Tyrone Grandstrand. I am currently a senior at UND majoring in Economics and Political Science. I plan to graduate in December 2011, and attend graduate school at UND. Originally from Karlstad, Minnesota, I moved to Grand Forks in 1997. I have been in North Dakota ever since and I am glad to call Grand Forks my home. I have a younger sister, Tyneal, and two younger brothers, Tatum and Jake. I became a McNair Scholar in the Spring of 2010. McNair has given me a great opportunity to both prepare for graduate school while being able to afford college without a mountain of debt. My future goal is to become a social entrepreneur with a mission of ensuring more people are able to have the same great opportunities I have had. I have a passion for trying to figure out what the root causes are behind problems, and I aim to solve them using the great experience I am gaining through McNair and in the future through my graduate studies.
Abstract
One of the most fundamental and necessary assumptions underlying the efficacy of a free market system is near perfectly competitive markets. However market failures do occur. In many cases there is wide agreement that these are instances where government has a role in the markets. The Cooperative Business Model offers a solution when government involvement is not widely accepted, unique problems make general solutions ineffective or when the solution to market failure must be more nimble and responsive to local conditions. From health food and overfishing to housing and industry, the Cooperative Business Model can be used to solve local, regional and perhaps even global market failures.