After a long illness, Eli Schwartz passed away on August 31, 2010, at the age of 89. Eli was a charter member and a vice-president of the National Association of Forensic Economics during its early years and MacFarlane Professor of Economics (emeritus) at Lehigh University.A graduate of Brown University, he joined the Lehigh faculty in 1954, where he taught for 37 years until his retirement. Over this period of time he wrote or edited seven books, including Theory and Application of the Interest Rate (Praeger 1993), Trouble in Eden: A Comparison of the British and Swedish Economies (Praeger 1980), and Corporation Finance (St. Martin's Press, 1962) which he recently updated with John Guerard (Quantitative Corporate Finance, Springer-Verlag, 2007). In addition, he wrote nearly fifty articles on a wide variety of economics topics for such journals as the Journal of Finance, American Economic Review, National Tax Journal, Journal of Business, and Revue Economique.Eli's contributions to the field of forensic economics include articles on such topics as the personal maintenance deduction, discounting, the total offset method, and the effects of taxes and inflation on the real interest rate. His writings on these topics appeared in the Journal of Forensic Economics, as well as various law journals.In 2008 he was honored with a festschrift volume, to which many of his long-time friends and colleagues contributed essays. The resulting collection, Variations in Economic Analysis: Essays in Honor of Eli Schwartz, was recently published by Springer and includes contributions from such noted economists as Robert Solow, Harry Markowitz, George Bortz, Murray Weidenbaum, and Ingo Walter.Eli will be missed by his many friends and colleagues, not just for his wisdom and scholarly endeavors, but also for his sense of humor. For example, some two decades ago he wrote a short tongue-in-cheek paper in which he laid out a “new theory” of the business cycle. His thesis was that fluctuations across generations in the age at which toilet training is introduced could produce swings in the socio-economic environment. Written in mock-serious style, Eli sent the paper to several well-known economics journals, whose editors and referees all took him seriously in rejecting it. The piece was finally (and appropriately) published in the Journal of Irreproducible Results.