"Cash flow from Alaska to the federal government since 1867 has certainly exceeded the initial purchase price, but this fact is not sufficient to demonstrate the purchase was a sound financial investment," said David Barker, an economist and adjunct professor of finance in the Tippie College of Business. "The economic benefits that have been received from Alaska over the years could have been obtained without purchasing the territory. In financial terms, Alaska has clearly been a negative net present value project for the United States." Barker acknowledges that Alaska provides many benefits to the country. Full Article at Iowa City Press Citizen