NMSU Business Outlook: July 2014

James Hoffman. (Submitted photo)

James Hoffman. (Submitted photo)

Please Welcome Dean Hoffman

Dr. James Hoffman, a professor and former associate dean in the Rawls College of Business at Texas Tech University, is the new dean of our College of Business. He taught courses in strategy, management, leadership and information systems for 15 years at Texas Tech, eventually serving as associate dean for MBA Programs and Executive Education. Prior to his time at Texas Tech, he taught at Florida State University. An interview with Dean Hoffman will appear in an upcoming issue.

Tribal Leakage: How the Trust Land Curse Impedes Tribal Economic Self-Sustainability (Part 1)

Dr. Gavin Clarkson, NMSU; Ms. Alisha Murphy, Washington University (St. Louis)

Economic leakage occurs when money leaves or ‘leaks’ away from the local economy sooner than expected or optimal. Ideally, money should circulate repeatedly in the local economy where it was received. Consumers who cannot buy the goods and services they desire locally must spend their money outside their community, and that money rarely cycles back. On some reservations, nearly 80% of dollars flow out of the tribal economy without cycling even once, resulting in substantial economic leakage. We contend a primary cause for insufficient on-reservation consumer options is a cumbersome and onerous U.S. government policy holding tribal land in trust. Hence, title to trust land can and should be returned to tribes and individuals in fee under a new tribal status that confers permanent jurisdiction to the tribe, complete with full taxation powers.

Complete Article: Tribal Leakage: How the Trust Land Curse Impedes Tribal Economic Self-Sustainability (Part 1)

Why We Should Reject Social Engineering

Dr. Michael R. Hyman, NMSU

(Reprinted from March 2007). Social engineering commonly refers to large-scale efforts to reshape social structures.

Complete Article: Why We Should Reject Social Engineering (Reprint)

Meet Our Faculty: Dr. Charlotte C. Gard, Applied Statistics

Interviewer: Mr. Brian Taillon, NMSU

Dr. Charlotte C. Gard is Assistant Professor of Applied Statistics in the Department of Economics, Applied Statistics & International Business. She earned her Ph.D. in biostatistics from the University of Washington. Her research interests include breast cancer risk prediction, misclassification of mammographic breast density, and modeling mammographic breast density.

Complete Article: Meet Our Faculty: Dr. Charlotte C. Gard, Applied Statistics

From the Editor: Interesting Articles You May Have Missed

Can’t find enough to read online? Here are links to interesting articles — many posted on NMSU’s KRWG website — that you may have missed during the last month.

Complete Article: Interesting Articles You May Have Missed

Talking Points

Dr. Christopher A. Erickson, NMSU

The household and establishment surveys are conveying a mixed message about the state and local economy. According to the household survey, which is based on telephone interviews of households, employment is up 0.9% statewide and a strong 1.5% in Las Cruces. According the establishment survey, which polls employers, employment was down 0.1% both statewide and in Las Cruces. New Mexico ranked 49th out of 50 states for job growth.

Complete Article: Talking Points

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