Russell M. Rhine 46477 Mirage Court Lexington Park, MD 20653 Home (301) 737-7818 rmrhine@smcm.edu Saint Mary s College of Maryland 18952 E. Fisher Road Saint Mary s City, MD 20686-3001 Work (240) 895-4596 Education West Virginia University, Morgantown, West Virginia 26506 Degrees: - PhD Economics, December 1998 - MA Economics, December 1997 Dissertation Title: Economies of Scale, Overcapitalization and Asset Pricing in the U.S. Electric Utility Industry Fields: Monetary Policy and Public Finance Hood College, Frederick, Maryland 21701 Degree: - MBA Financial Management, July 1993 Bethany College, Bethany, West Virginia 26032 Degree: - BA Accounting, August 1988 Academic Work Experience Saint Mary s College of Maryland, Fall 2000 Current: - Associate Professor of Economics, (Department Chair: Summer 2013 - Current), Assistant Professor 2000 2006: o Courses Taught: Intermediate Macroeconomics, Money and Banking, Introduction to Economics, Principles of Macroeconomics, Senior Seminar on Government Growth, Corporate Finance, First Year Seminar on Government Growth, multiple Independent Studies, multiple Saint Mary s Projects (8-credit senior projects). o Serves as Building Faculty Coordinator (Spring 2013 - Current). o Created the Lectures on Liberty speaker series which included the following events. Public presentation by Michael Cannon Director of Cato Institute s Health Policy Studies (Fall 2014). Public presentation and classroom discussion in a First Year Seminar by Dr. David Kelley, Founder of the Atlas Society (Fall 2014). 1
Classroom presentations in one section of Intermediate Macroeconomics and two sections of Money and Banking by Dr. Thomas Garrett, University of Mississippi and former Assistant Vice President of the Federal Reserve Bank of St. Louis (Spring 2014). Public presentation by Dr. Daniel Mitchell, Senior Fellow at the Cato Institute (Spring 2014). Classroom presentations in one section of Intermediate Macroeconomics and two sections of Introduction to Economics by Dr. John Samples of the Cato Institute (Fall 2013). Public presentation and formal dinner with Dr. Walter E. Williams, Professor of Economics at George Mason University (Spring 2013). Public presentation and formal dinner with President Urgo, by Dr. Daniel Mitchell, Senior Fellow at the Cato Institute (Fall 2012). o Admissions Open House (Fall 2014). o SMURF St. Mary s Undergraduate Research Fellowship (Summer 2014) o Review of Major and Minor Pre-Proposals with the Dean of Faculty (Spring 2014). o Dodge Award Committee (Spring 2014). o Judicial Board hearing (Spring 2011). o Organized a boat trip to Smith Island for students (Spring 2011, 2013). o Organize a visit and presentation by James Dorn, Vice President for Academic Affairs and Editor of the Cato Journal (Spring 2010). o Organized a visit to the University of Maryland Graduate School in Economics for a group of students (Fall 2009). o Academic Policy Committee (Fall 2009 Spring 2011, Chair Fall 2010 Spring 2011). o Faculty Search Committees: Spring 2004 (visiting), Fall 2004 and Spring 2005 (tenure track), Fall 2007 and Spring 2008 (tenure track), Fall 2008 and Spring 2009 (tenure track). o Faculty Senate (Fall 2007 Spring 2010). o Organized the visit and presentations by Thomas Garrett, Assistant Vice President of the Federal Reserve Bank of St. Louis (Spring 2008). o General College Awards Committee (Spring 2002, 03, 04, 05). o Scholarship Days (Spring 2004). o Colleague Advisor (Fall 2003). o Admissions Open House (Spring 2002, 03, 04). o Academic Planning Committee (Fall 2001 Spring 2003). o Middle States Review Committee (Fall 2003). o Annual participation in the Fed Challenge at the Baltimore Branch of the Federal Reserve Bank of Richmond (2001-2005) which resulted in four Honorable Mentions and one Finalist. o Organized the visit and presentations of Economists from the Federal Reserve Bank of Richmond (2004, 05). o Annual field trip to the Federal Reserve Bank of Richmond (2000-2007). 2
o Faculty Advisor to the Economics Club (2001-2007). o Wrote A Risk Free Way to Increase the Social Security Trust Fund and why it will Never Happen, for the Saint Mary s College River Gazette, 2003. Florida Institute of Technology (Patuxent Graduate Center), Fall 2001 Fall 2013: - Adjunct Professor of Economics: o Course Taught: Basic Economics. University of North Dakota, Fall 1999 Summer 2000: - Assistant Professor of Economics: o Courses Taught: Money and Banking, Principles of Banking, Issues in Macroeconomics. West Virginia University, Fall 1994 Spring 1999: - Economics Department and Finance Department Instructor, Summer 1998 Fall 1998 and Post Doctorate (Spring 1999): o Courses Taught: Principles of Microeconomics, Principles of Macroeconomics, Money and Banking, Intermediate Macroeconomics, Financial Institutions. - Research Assistant (Fall 1994 Spring 1997). - Student Representative to the Graduate Studies Committee (Fall 1995 Spring 1997). Montgomery College, Fall 1993: - Mathematics Instructor: o Course Taught: Elementary Algebra. Publications Economic Freedom and Employment Growth in U.S. States with Thomas A. Garrett. Federal Reserve Bank of St. Louis Review, January/February 2011. Institutions and Government Growth: A Comparison of the 1890s and the 1930s, with Thomas A. Garrett and Andrew F. Kozak. Federal Reserve Bank of St. Louis Review, March/April 2010. Government growth and private contributions to charity, with Thomas A. Garrett. Public Choice, April 2010. Disallowances and Overcapitalization in the U.S. Electric Utility Industry, with Stratford Douglas and Thomas A. Garrett. Federal Reserve Bank of St. Louis Review, January/February 2009. "On the Size and Growth of Government," with Thomas A. Garrett. Federal Reserve Bank of St. Louis Review, January/February 2006. 3
"Social Security vs. Private Retirement Accounts: A Historical Analysis," with Thomas A. Garrett. Federal Reserve Bank of St. Louis Review, March/April 2005. Rational Expectations and M2 Demand, International Advances in Economic Research, May 2003. A Sensitivity Analysis of Asset Pricing Models in the Electric Utility Industry, Papers and Proceeding of the European Applied Business Conference, Rothenburg Germany, June 2002. Economies of Scale and Optimal Capital in Nuclear and Fossil-Fuel Electricity Production, Atlantic Economic Journal, June 2001. Working Papers 100 Years Down the Road to Serfdom: 1913 2013 Research in Progress The Real Cost of Public High School in St. Mary s County Maryland Presentations Rational Expectations and M2 Demand, presented at the 2003 Southern Economics Association Meeting in San Antonio, TX. A Sensitivity Analysis of Asset Pricing Models in the Electric Utility Industry, revision presented at the European Applied Business Conference, Rothenburg Germany, June 2002. A Sensitivity Analysis of Asset Pricing Models in the Electric Utility Industry, revision presented at the 2000 Southern Economic Association Meeting in Washington D.C. A Sensitivity Analysis of Asset Pricing Models in the Electric Utility Industry, presented at the 1999 Southern Economic Association Meeting in New Orleans, LA. Nuclear and Fossil-Fuel Scale Economies in the U.S. Electric Utility Industry, presented at the 1998 Southern Economic Association Meeting in Baltimore, MD. Overcapitalization in the U.S. Electric Utility Industry: Overestimates of Demand or the Average-Johnson Effect, presented at the 1997 Southern Economic Association Meeting in Atlanta, GA. 4
Other Professional Contributions and Development - Awarded a $4,500 grant from the Charles Koch Foundation (Summer of 2014) to finance Lectures on Liberty. - Awarded a $6,000 grant from the Charles Koch Foundation (Fall 2013) to finance Lectures on Liberty. - Awarded a $3,100 grant from the St. Mary s College of Maryland Lecture and Fine Arts Committee (Spring 2013) to finance Lectures on Liberty: Dr. Walter E. Williams. - Awarded a $1,270 grant from the St. Mary s College of Maryland Lectures and Fine Arts Committee (Fall 2012) to finance Lectures on Liberty: Dr. Daniel Mitchell. - Regularly attend professional conferences including National Tax Association, North American Regional Science Association, Economics Teaching conference, Southern Economic Association, and American Economic Association. - Invited Visiting Scholar: Federal Reserve Bank of St. Louis (2004-2009). - Referee for the Atlantic Economic Journal (2002). - Discussant at numerous Southern Economic Association Meetings. - Reviewed several chapters of Lloyd Thomas, Money and Banking text (2001). Non-Academic Work Experience - Unicare Health Facilities: Nursing Home Business Office Manager (July 1990-October 1993). - Beverly Enterprises: Staff Accountant (October 1988 May 1990). 5