In New Mexico Economy in 2050, an E-short edition from New Mexico 2050, two of the state’s foremost economists, Lee Reynis of the University of New Mexico and Jim Peach of New Mexico State University, provide an overview of New Mexico’s economy. Reynis and Peach present the dimensions and effects of income inequality in the region and how it can be ameliorated. This selection also includes two short guest essays, one by Henry Rael on tradition- and culture-based economic development, and the other by Chuck Wellborn on fostering and nurturing homegrown industry.
Lee Reynis, PhD, has served as city economist for the City of Albuquerque and chief economist for the New Mexico Department of Finance and Administration. She is the immediate past director of the University of New Mexico Bureau of Business and Economic Research, which is noted for its highly respected economic and other research, studies, and reports.
Jim Peach, PhD, is a regents professor in the Department of Economics and International Business, College of Business, New Mexico State University. He is the author of many scholarly articles and has received awards at NMSU for outstanding funded research and teaching excellence.
Henry Rael, MA, after many years in the private publishing and technology sectors, worked in grassroots community and enterprise development in New Mexico, where he was the founder of a community-based economic development agency, Valle Encantado, and a cofounder of Agri-Cultura Network, a cooperative of small farms. He is presently the program officer of the McCune Foundation of New Mexico.
Chuck Wellborn, JD, LLM, is an attorney who, after many years of private practice in corporate transactions and startups, became the initial president and CEO of Science & Technology Corporation, University of New Mexico. He has served on the board of directors of the New Mexico Association of Commerce and Energy and of New Mexico Community Capital, and was chairman of the Albuquerque Economic Forum and president of the New Mexico State Bar Foundation. He is presently the chairman of the New Mexico Small Business Investment Company and a principal at Wellborn Strategies, LLC.
Former US Senator Fred Harris is a professor emeritus of political science at the University of New Mexico, where he directs the UNM Fred Harris Congressional Internship Program. He has produced nineteen nonfiction books on public policy, politics, and government, including the coedited Locked in the Poorhouse: Cities, Race, and Poverty in the United States.