Stanley Wells of Charleston, retired principal of Woods Elementary School, Fort Smith District, was recently honored by Economics Arkansas with a Lifetime Achievement Award at the annual awards banquet held at the Great Hall of the Clinton Presidential Center in Little Rock. Wells was recognized for 35 years of teaching economics, including more than 20 years as a Master Economics Teacher (MET). The MET program is a choice initiative by Economics Arkansas to enable select economics teachers to become "resource extenders" for the organization. Stanley was part of the 16 inaugural METs in 1992. As a MET, he has worked as a consultant for economic workshops and a presenter at both state and national economic education conferences. To honor his legacy, Ray and Debra Hobbs of Rogers, Arkansas, committed to a $10,000 annual gift specifically to benefit the MET program. The Stanley K. Wells Fund will be used to ensure the continuity and excellence of the program. Ray Hobbs is the president and CEO of Daisy Outdoor Products and the 2013 chair for Economics Arkansas. Debra Hobbs currently serves as a state representative for Arkansas. Wells was a teacher and administrator in Fort Smith for 38 years.

Economics Arkansas (through the Arkansas Council on Economic Education) is a private, non-profit, non-partisan educational organization founded in 1962 by Dr. Bessie B. Moore to promote economic literacy in Arkansas. Its mission is to promote economic literacy and the economic-way of thinking to PreK-12th grade students in Arkansas by empowering educators to teach the fourth "r," real life economics.