The New Mexico Business Outlook is a production of the College of Business Administration and Economics at New Mexico State University. The opinions expressed by the authors are their own and do not necessarily reflect the opinions of the College of Business Administration and Economics, New Mexico State University, or the Board of Regents. Questions or comments may be directed to the Executive Editor at (575) 6465715, or to Box 30001, MSC 3CQ, New Mexico State University, Las Cruces, NM 88003.
Dr. Garrey Carruthers is dean of the NMSU College
of Business Administration and Economics. Carruthers previously served as president
and CEO of the Cimarron Health Plan and was governor of New Mexico from 1987 to 1990.
He is a former Assistant U.S. Secretary of the Interior and former special assistant
to the U.S. Secretary of Agriculture. He is also a former professor of agricultural
business and agricultural economics at NMSU and served as director of the New
Mexico Water Resources Research Institute.
Dr. Christopher Erickson has served on the faculty
of the NMSU Department of Economics and International Business since 1987. He is a
frequent speaker on financial economics, macroeconomics and the border economy. His
primary teaching interest is money and banking. He is the author or co-author of
numerous articles on financial economics, including a supplemental money and banking
text that has been adopted on more than 100 college campuses.