Articles

From the Desk of A Teaching Economist: A Primer on Sovereign Wealth Funds

Sovereign Wealth Funds have received a lot of publicity in recent months. But what exactly are these funds? What role do they play in our economy? And should we be worried? Mike Ellis has the answers.
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When What You Are Thinking Can Be As Important As What You Are Saying: The Role of Subjective Intent in International Contracts for the Sale of Goods

Traditionally, contract law in the United States, which is mostly state law, has relied almost completely on external, objective manifestations of the parties’ intent, to determine the existence and terms of a contract. As the great jurist Oliver Wendell Holmes famously observed, “The law has nothing to do with the actual state of the parties minds. In contract, as elsewhere, it must go by externals and judge parties by their conduct.” But under the United Nations Convention on Contracts for the International Sale of Goods (CISG), adopted by the United States in 1988 for use in international transactions, state of mind can be an important determinant of the validity of a contract.
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Talking Points

Falling copper prices are taking their toll on local mining employment. Falling oil and natural gas prices decimate the state budget. Meanwhile, at least through October, employment growth remains strong in southern New Mexico. More…
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