Professional
Experience
Associate
Professor of Economics (Fall
2001 to present) Augustana College
Assistant
Professor of Economics (Fall
1995 to Spring 2001) Sioux
Falls, South Dakota
Teach
or have taught Principles of Macroeconomics; Principles of Microeconomics;
Money, Banking, and
Financial
Institutions; Managerial Economics; An Introduction to Public Policy;
Intermediate Microeconomics;
New Student
Seminar; and three different capstone courses (Faith, Ethics, and American
Capitalism
; Global
Capitalism and its Ecological, Economic, and Ethical Critics and Is
Globalization Sustainable?).
International
travel seminar offerings include courses to Nicaragua (Spring Break 2004,
2006, and 2007)
and Australia in the Global Economy (January 2005 and 2007)
Senior
Visiting Scholar Curtin University of Technology
February
2003–July 2003 Perth, Australia
Collaborated
with Dr. Phillip A. O’Hara on research related to transnational financial
markets and institutions, debt deflation, and public
policy while teaching three tutorial sections of macroeconomic principles.
Visiting
Scholar University of Notre Dame
July 2002 Notre
Dame, Indiana
Performed
collaborative federally-funded research with Dr. Richard Williams related to
racial, economic,
and
institutional characteristics of home mortgage lending to underserved markets.
Adjunct
Faculty Indiana University South Bend
Summer
1994 South Bend, Indiana
Taught an Introduction
to Macroeconomics course during IUSB’s summer session.
Graduate
Teaching Fellow University of Notre Dame
1993-1994 Notre
Dame, Indiana
Created,
developed and taught Problems of the 1980s, an interdisciplinary course
for the Freshman
Writing Program
for two semesters.
Economics
Instructor University of Notre Dame
1992-1993 Notre
Dame, Indiana
Taught
two sections of Macroeconomic Principles during spring semester and two
sections
of Microeconomic
Principles during fall semester.
Professional
Experience, continued
Freshman
Writing Instructor University of Notre Dame
1991-1992 Notre
Dame, Indiana
Created,
developed, and taught an Introduction to Critical Thinking course in the
Freshman Writing Program
for two
semesters.
Research
Assistant University of Notre Dame
1989-1991 Notre
Dame, Indiana
Performed
economic research, during the 1990-1991 academic year, concerning the S & L
crisis for Professor Martin Wolfson and an empirical
evaluation of rational expectations theory for Professor Philip Mirowski.
During the 1989-1990 academic year, performed
research for Professor Thomas Swartz concerning user fees as a growing source
of state and local revenue. During this
period, I also performed library research and wrote portions of the teacher’s
edition for Thomas Swartz and Frank Bonello’s Taking Sides: Clashing Views on Controversial Economic Issues, fifth
edition.
Education
Ph.D. — Economics University of Notre Dame
August 1995 Notre
Dame, Indiana
Dissertation
Thesis: Interstate Banking
and Community Reinvestment: An Evaluation of How Bank Mergers and
Acquisitions
Influenced Residential Lending Patterns In St. Joseph County, Indiana,
1985–1993
Major Field: Money, Banking, and Financial
Institutions Minor Field: Macroeconomics
Teaching Interests: Principles and Intermediate
Economics; Money, Banking, and Financial Institutions; Public Policy;
History of Economic Thought;
International Political Economy
Research Interests: Housing Policy; Mortgage Market
Inequality; Racial Discrimination in Lending; Financial Crises;
Banking Industry Consolidation; and
Making Sense of Globalization
M.A. – Economics University of Notre Dame
May 1991 Notre
Dame, Indiana
B.A. – Economics University of Denver
March 1989 Denver, Colorado
Academic and
Professional Affiliations
Academic
American
Economics Association (AEA) and the Urban Affairs Association (UAA)—Past
memberships
Journal of
Economic Issues—
Editorial Board 1997–1999 and occasional reviewer to the present
Association For
Institutional Thought (AFIT)—Elected to Board of Directors for 2004–2007
Association For
Evolutionary Economics (AFEE)—Member since early 1990s, previously served on
the Graduate Education Committee and the Committee on Membership
Professional
Higher Education
Consortium on Urban Affairs (HECUA)–Board of Directors 1998–2002, 2004-2007
Fulbright
Program Advisor, Augustana College 2004–2007
Refereed Journal
Publications
Williams,
Richard, Reynold F. Nesiba, Eileen Diaz McConnell. “The Changing Face of
Inequality in Home Mortgage Lending.” Social Problems May 2005, Vol. 52,
No. 2; p. 181-208.
Nesiba, Reynold
F. and Nathan Golz. 2002. “Sioux
Falls, Citibank, and CRA:
Do Credit Card Banks Deserve Their ‘Outstanding’ Community Reinvestment
Performance Evaluations?” Journal of Economic Issues 36:2, (June 2002):
485-491.
Williams,
Richard, Eileen E. McConnell, and Reynold F. Nesiba. “The Effects of the GSEs,
CRA, and Institutional Characteristics on Home Mortgage Lending to Underserved
Markets.” Cityscape 5, no. 3 (2001): 9–106.
Williams,
Richard and Reynold F. Nesiba. “Racial, Economic and Institutional Differences
in Home Mortgage Loans in St.
Joseph County, Indiana. Journal of Urban Affairs 19, no. 1 (1997): 73-103.
Nesiba, Reynold
F. “Racial Discrimination in Residential Lending Markets: Why Empirical
Researchers Always See it and Economic Theorists Never Do.” Journal of
Economic Issues 30, no. 1 (March 1996): 51-77.
Refereed
Encyclopedia Entries and Book Chapters
Nesiba, Reynold
F. “Housing and Mortgage Market Governance” entry for the International
Encyclopedia of Public Policy, ed. Phillip O’Hara, Routledge (Forthcoming
2008)
Nesiba, Reynold
F. “Debt Deflation” entry for the International Encyclopedia of Public
Policy, ed. Phillip O’Hara, Routledge (Forthcoming 2008)
Burton, Maureen and Reynold Nesiba. “Transnational
Financial Institutions, Global Financial Flows, and the International Monetary
Fund.” Chapter 7 in Global Political Economy and the Wealth of Nations:
Performance, Institutions, Problems and Policies, edited by Phillip O’Hara,
Routledge (2004): 147–169.
Nesiba, Reynold
F. “Housing and Mortgage Market Discrimination,” entry for the Encyclopedia
of Political Economy, edited by Phillip O’Hara, Routledge (1999): 210–214.
Book Reviews in
Academic Journals
Nesiba, Reynold
F. Review for Debunking Economics: The Naked Emperor of the Social Sciences.
By Steve Keen. London: Zed Books. 2002. Review of Radical
Political Economics, 38:1 (Winter 2006): 154–157.
Nesiba, Reynold
F. Review for The Color of Credit: Mortgage Discrimination, Research
Methodology, and Fair-Lending Enforcement By Stephen L. Ross and John Yinger. Cambridge, Massachusetts and London, England: The MIT Press. 2002. Journal of
Economic Issues, 37:3 (September 2003): 813–815.
Nesiba, Reynold
F. Review for The Bank Merger Wave: The Economic Causes And Social
Consequences of Financial Consolidation. By Gary A. Dymski. Armonk, N.Y.: M.E. Sharpe, Inc. 1999. Journal of
Economic Issues, 34:3 (September 2000): 758–761.
Nesiba, Reynold
F. Review for Insurance Redlining: Disinvestment, Reinvestment, and the
Evolving Role of Financial Institutions, edited by Gregory D. Squires, The
Urban Institute Press, Washington, D.C., 1997. Journal of Economic Issues,
32:3 (September 1998): 901–904
Text Books,
Study Guides, and Test Banks
Burton, Maureen, Bruce Brown, and Reynold
Nesiba. Financial Markets and Institutions, Second Edition.
(Forthcoming 2009) M.E. Sharpe, Inc.: Armonk, New
York.
Sherman, Howard,
E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, and Barbara A. Wiens-Tuers. Economics:
An Introduction to Traditional and Progressive Views, Seventh Edition, (Forthcoming
April, 2008) (ISBN 978-7656-1668-5) M.E. Sharpe, Inc.: Armonk, New
York.
Burton, Maureen, Reynold Nesiba, and Ray Lombra. Financial Markets and Institutions, Second Edition. Ohio: Thomson/LOMA, 2004 (ISBN 0324212402). Also translated
into Chinese as (ISBN 730208601X) 2004 清华大学出版社
Burton, Maureen, Reynold Nesiba, and Ray Lombra. An Introduction to Financial Markets and Institutions, (ISBN 0324066961) South-Western College Publishing: Cincinnati, Ohio, 2003.
Burton, Maureen, Reynold Nesiba, and Vivian Nazar.
Instructor’s Manual and Test Bank to Accompany An Introduction to Financial
Markets and Institutions, South-Western College Publishing, 2003.
Nesiba, Reynold
F. The Study Guide 2nd ed. and the Test Bank to
Accompany Money and the Financial System, 2nd ed. Text by
Maureen Burton and Ray Lombra. South-Western College Publishing, 2000.
Nesiba, Reynold
F. The Study Guide to Accompany Money and the Financial System. Text by
Maureen Burton and Ray Lombra. West Publishing. January 1997.
Regional or
National Academic Conference presentations and/or Panels
Forthcoming “Economics:
An Introduction to Traditional and Progressive Views 7th edition” participant in panel as co-author of an economics principles text and
presenting a paper titled “What Explains the Large Variations in Home Mortgage
Foreclosure Rates?” at the Association for Institutional Thought (AFIT)
Meetings April 23-26, 2008 as part of the Western Social Science
Association (WSSA) meetings in Denver, Colorado.
“Australia in the Global Economy: A Critical Evaluation.” Organized
and chaired a discussion of my 2006 study abroad course at the Western Social
Science Association meetings, April
11-14, 2007 in Calgary, Alberta Canada. Also served as session chair for an
Association for Institutional Thought panel on “The Middle Class Dream.”
“Howard
Sherman’s How Society Makes Itself.” Organized and chaired this
roundtable discussion for this book and author at the Association for
Institutional Thought (AFIT) Meetings April 20–22, 2006 as part of the Western Social Science
Association (WSSA) meetings in Phoenix, Arizona. Also served as a discussant for a
panel of papers on “policy concerns,” and attended the AFIT Board meeting as
one of its elected members.
“Locked Out: How
Mortgage Market Discrimination Creates and Perpetuates Wealth and Income
Inequality” by Reynold F. Nesiba. Presented at the Association for
Institutional Thought (AFIT) Conference April 14–16, 2005, Albuquerque, New
Mexico. Also chaired a
session on “Psychology and Culture in Evolutionary Economics.”
“Racial,
Economic, and Institutional Differences in Home Mortgage Loans: A Case Study of Sioux Falls, South
Dakota” by Reynold F.
Nesiba, David Sorenson, and Richard A. Williams. Presented by Dr. Sorenson at
the Association of American Geographers, Great
Plains/Rocky Mountains Division, 2004 Annual Meeting, October 2, 2004, Sioux Falls, South
Dakota.
“Racial,
Economic, and Institutional Differences in Home Mortgage Loans: A Case Study of Sioux Falls, South
Dakota” by Reynold F.
Nesiba, David Sorenson, and Richard A. Williams. Presented at the Association
for Evolutionary Economics (AFEE) held in conjunction with the Allied Social
Science Association (ASSA) Meetings January 3–5, 2004 San
Diego, California.
“Sioux Falls,
Citibank, and CRA: Do Credit Card Banks Deserve Their ‘Outstanding’ Community
Reinvestment Performance Evaluations?” presented at the Association for
Evolutionary Economics (AFEE) held in conjunction with the Allied Social
Science Association (ASSA) Meetings January 4–6, 2002 Atlanta, Georgia.
Roundtable
participant on “The Resurgence of Student Activism and Progressive Policies”
and a discussant for a panel titled “An Institutionalist Approach to the
Development of Communities with Security” both at the Association for
Institutional Thought (AFIT) Conference April 19–21, 2001, Reno, Nevada.
“Serving the
Underserved? Subprime Lenders and the Indiana Home Mortgage Market 1992–1996”
by Reynold F. Nesiba, Eileen E. McConnell, and Richard A. Williams. Presented
at the Association for Institutional Thought (AFIT) Conference April 21–24, 1999, Fort
Worth, Texas.
Regional or National Academic Conference presentations and/or
Panels, continued
“Taking Stock
and Looking Ahead: Graduate Education in Institutional Economics,” by Janet T. Knoedler,
Bucknell University, Reynold F. Nesiba, Augustana College, and Ron Stanfield, Colorado
State University–Fort Collins, and “A Roundtable on Teaching Economics: 10
Things Every Principles Student Should Learn but Probably Does Not” by Dan
Underwood, Peninsula College; Janet T. Knoedler, Bucknell University; Janice
Peterson, SUNY-Fredonia; James A. Swaney, Wright State University; Jennifer
Long, Keene State College; Geoff Schneider, Bucknell University; and myself.
Colleagues presented these papers in my absence at the Association For
Institutional Thought (AFIT) Conference, in conjunction with the Western Social
Science Conference, April
15–18, 1998 in Denver, Colorado.
“Should a
‘Reasonable Society’ Be Concerned About Banking Industry Consolidation” and a
roundtable on “Ron Phillips’ ‘The Chicago Plan’ and New Deal Banking Reform” Both
presented at the Association For Institutional Thought (AFIT) Conference April
17–20, 1996 in Reno, Nevada.
“Measures,
Mergers and Mortgages: Evaluating the Impact of Bank Mergers on Discrimination
in Lending.” Presented at the Union of Radical Political Economics (URPE)
Summer Conference, Rock Hill, New
York August 20-24, 1993.
Other public
activism, presentations, panels, and papers
Chair, South Dakota Taxpayers for Accountability. Initiated
successful ballot petition for the November 2006 election and serve as its
spokesperson. The Vote Yes on Five campaign aimed to limit the use of
the state airplane fleet to state business. Measure passed (55% to 45%) with
over 180,000 votes in favor.
“End the Food
Tax.” Served as a spokesperson for the statewide ballot issue to end the sales
tax on food. Participated in multiple church presentations, civic meetings,
and public debates, as well as newspaper, radio, and television interviews
during the late summer and fall of 2004.
“Fair Trade
Coffee in Nicaragua” presented to the Eastside Kiwanis Club
Luncheon at Golden Star Chinese, Sioux
Falls, South Dakota, April 5, 2004.
“Racial,
Economic, and Institutional Differences in Home Mortgage Lending: A Case Study
of Sioux Falls, South Dakota 1993-2001” by Reynold F. Nesiba, David Sorenson
and Richard A. Williams for the Sioux Empire Housing Partnership Board,
February 19, 2004, Sioux Falls, South Dakota.
“Teaching,
Writing, and Living in Oz: A Sabbatical Semester Down Under, January–July 2003”
presented to the Minnehaha County Democratic Forum, Friday October 10, 2003,
The Oak’s Restaurant, Sioux Falls, South Dakota.
“Fisher’s 1933
Debt-Deflation Theory: An Idea Whose Time Has Come, Again?” presented at the
Institute for Research on International Competitiveness (IRIC) on June 20, 2003
in Perth Western Australia.
Other public
activism, presentations, panels, and paperS, Continued
“Racial,
Economic, and Institutional Differences in Home Mortgage Loans: A Preliminary Case Study of Sioux Falls, South Dakota” by Reynold F. Nesiba, Augustana
College; South Dakota; Richard A. Williams, University of Notre Dame; and David
Sorenson, Augustana College, South Dakota, presented to Curtin Business School,
Department of Economics and Finance, Perth, Western Australia, June 5, 2003.
Sixth Annual
Economic Policy Forum at the University of South Dakota’s Farber Hall organized
by Dr. Randall Waldron December 4, 2002. Expert panelists were Dr. Ralph
Brown, USD School of Business; Dr. Michael Card, USD
Department of Political Science; and Dr. Reynold Nesiba, Augustana College
Economics Department. The event was moderated by USD student, David Alexander,
and included student panelists, Jason Huyvaert and Jolene Kranz. A variety of
issues were discussed including monetary policy, the economic impact of the
Internet, poverty, health insurance coverage, and the then potential war with
Iraq.
“Is It Over Yet?
An Economist’s Musings on the Recent Recession” for the Sioux Falls Chapter of
the National Association of Insurance and Financial Advisors (NAIFA), Westward
Ho Country Club, Sioux Falls, South Dakota, February 27, 2002
“Globalization
Promises, Prospects, and Policy: A Dialogue with Democrats.” Presented to the
Minnehaha County Democratic Forum on Friday, March 30, 2001, The Oak’s Restaurant, Sioux Falls, South
Dakota.
“Increasing
Income Inequality: What Can South Dakota Workers and Citizen’s Do?” Prepared
for the Coalition of Labor Union Women, September 19, 1998, Sioux Fall’s Labor Temple, 101
S. Fairfax Ave. Sioux Falls, South
Dakota.
“Poverty in Our
Midst: An Economic, Demographic and Sociological Profile of the Near Northwest
Neighborhood’s Census Tract # 6.” Co-authored with Richard Williams, Associate
Professor, Department of Sociology, University of Notre Dame. Study requested, funded, and published by the Near Northwest
Neighborhood, Inc. of South
Bend, Indiana. November 1993.
Newspaper
Opinion/Editorial Columns
“Good Idea—raise
minimum wage.” February 1,
2006, Argus Leader,
7B, Sioux Falls, SD.
“Food-tax repeal
won’t take big bite out of S.D. budget.” June 20, 2004, Argus Leader, 14B, Sioux Falls, South
Dakota
“Increase the
Minimum Wage and Index it to Inflation” February 1999, Argus Leader, Sioux Falls, SD.
“Economists Fear
Balanced-Budget Amendment” February
3, 1997, Argus Leader,
Sioux Falls, SD.
“Dole Tax Cut
Doesn’t Add Up—If it did South Dakota Would be Worse Off” October 1996, Argus
Leader, Sioux Falls, SD.
Fellowships,
Grants, and Awards (External)
National
Science Foundation (NSF) Grant “Collaborative Research: The Effect of Racial, Economic, and Institutional
Characteristics on Home Mortgage Lending to Underserved Markets” with Richard
A. Williams of the University of Notre Dame for August 1, 2002-July 31, 2004.
Consultant to a U.S. Department of Housing and Urban Development (HUD) grant awarded to Richard
A. Williams at the University of Notre Dame. The grant is titled, “The Effect
of GSEs, CRA, and Institutional Characteristics on Home Mortgage Lending to the
Underserved.” Summer 1998
Institutionalist
Essay Prize, The
Association For Evolutionary Economics (AFEE). “Presented in recognition of
the best essay in Institutional Economics.” January 6, 1995.
U.S. Department of Housing and Urban
Development (HUD) Doctoral Research Grant, 1994-1995. This competitively awarded federal government
grant funded my dissertation research.
Fellowships,
Grants, and Awards (Internal)
Augustana
Student Association (ASA) Faculty Recognition Award—Spring 2006 —given for outstanding
teaching and contributions to the Augustana community by a faculty member
during the 2005–2006 academic year.
Vernon and
Mildred Niebuhr Faculty Excellence Award to recognize excellence in teaching—May 2006. The award is
provided by Dick Niebuhr, Aberdeen, S.D., who graduated from Augustana in 1966.
It is named in honor of his parents, ‘because they loved Augustana dearly and
because they were my first teachers.” The recipient of the award receives
$5,000.
International
Studies Committee Grant and Bush Grant for development of a UMAIE course titled, “The Australian
Economy in a Global Context” for the January 2005 term. Summer 2003.
ARAF Grant (With Nathan Golz,
student) Grant used for research and writing related to a paper titled “Sioux Falls, Citibank, and CRA: Do Credit Card
Banks Deserve Their ‘Outstanding’ Community Reinvestment Performance
Evaluations?” Summer 2001.
Capstone
Grant (with Dr. Steve Matzner
and Dr. Mark Van Wienen) used to develop a Capstone course titled
“Globalization In The New American Century: Ecological, Economic, and Ethical
Critiques of Global Capitalism.” Course was offered January 2002. Augustana College, Sioux
Falls, SD. Summer 2001.
Bush Grant (with Dr. Brian Eggleston and Dr. David
Sorenson) on Rethinking Principles of Economics. Summer 2001
Bush Grant (with
Maggie Goodwin) Grant used for research and writing of An Introduction to
Financial Markets and Institutions. Summer 2000.
ARAF Grant (with Tom Miles, student) Grant was used
for research on subprime lending and the revision of a co-authored article with
Eileen E. McConnell, and Richard A. Williams. Summer 1999.
Fellowships, Grants, and Awards
(Internal), continued
NASA Grant (with Dr.
Dan Swets) titled Potential Economic Applications of Remote Sensing. Summer
1999.
Bush Grant (with Dr.
Brian Eggleston) used for development of active learning component in Econ 110,
Macroeconomic Principles. Augustana College, Sioux Falls, SD. Summer 1997.
Capstone Grant (with
Dr. Michelle Bartel) used for development of a Capstone course on economics and
ethics, titled “Faith, Ethics, and American Capitalism: Integrating Faith and
Life.” Course was offered spring 1999. Augustana College, Sioux Falls, SD. Summer
1997.
ARAF Grant (with Kathy Skillman, student). Grant
was used to edit a journal article for publication, write an entry for the Encyclopedia
of Political Economy, and to update a paper on banking industry
consolidation. Summer 1996.
Brief Biography
Reynold F.
Nesiba grew up in St. Paul, Nebraska. He received a B.A. in economics from
the University of Denver in 1989, and his M.A. (1991) and a Ph.D. (1995) in economics from the
University of Notre Dame. Since 1995, Dr. Nesiba has been teaching economics
at Augustana College in Sioux
Falls, South Dakota where he currently serves as Associate
Professor of Economics. During the 2002-2005 period, Reynold performed
mortgage-lending research funded by the National Science Foundation (NSF)
related to inequality in the home mortgage lending. His current research
interests include housing policy, mortgage lending, and making sense of
economic globalization.
Dr. Nesiba
authored and/or co-authored work appears in Social Problems, the Journal
of Economic Issues, the Journal of Urban Affairs, Cityscape, Review
of Radical Political Economics, the Encyclopedia of Political Economy,
and other edited volumes. Reynold is also the co-author (with Maureen Burton
and Ray Lombra) of the textbook An Introduction to Financial Markets and
Institutions published by South-Western/Thomson Learning (2003). A new
edition of that text, with co-authors Maureen Burton and Bruce Brown will be
published by M.E. Sharpe, Inc. in September of 2008. In April of 2008 M.E.
Sharpe, Inc will publish an economic principles text written by Howard Sherman,
E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, and Barbara A. Wiens-Tuers,
titled Economics: An Introduction to Traditional and Progressive Views,
Seventh Edition.
During the
second half of his sabbatical year, January-July 2003, Dr. Nesiba visited Sydney, lived in Perth, and traveled throughout Western Australia. While in Perth, Reynold served as a Senior Visiting Scholar for Curtin University’s Global Political Economy Research Unit
(GPERU) and taught macroeconomic tutorials in the Curtin Business School
(CBS). At Augustana College, Reynold regularly teaches Principles of Economics
I (micro); Principles of Economics II (macro); Intermediate Microeconomics;
Money, Banking, and Financial Institutions, and occasionally offers a co-led
course on Globalization and its Economic, Ecological, and Ethical Critics. In
addition to teaching on campus, Dr. Nesiba has led or co-led short-term study
abroad courses to Nicaragua (March 2004, 2006, and 2007) and to Australia (January 2005 and 2007). He is scheduled to take students
to Australia during interim 2009 and to Nicaragua in March during Spring Break 2009.
For pictures and
commentary from Dr. Nesiba’s recent travel seminar to Australia in January of 2007 see the following link http://web.mac.com/nesiba/iWeb/Australia%202007/Welcome.html
