Charles Gray

Professor, Finance

cmgray@stthomas.edu

(651) 962-4301

Minneapolis Campus
1000 LaSalle Ave
Terrence Murphy Hall 443M
Minneapolis, MN 55403

Ph.D., Economics, Washington University
A.M., Economics, Washington University
B.A., Social Science, Hendrix College

See publications in UST Research Online

Mel Gray has been teaching economics, strategy and nonprofit management to undergraduate and M.B.A. students for more than 35 years. Previously, he was a staff economist at the Federal Reserve Banks of St. Louis and Minneapolis, and for a Minnesota state agency; he also served as executive director of a nonprofit community development agency. He has been a visiting or adjunct faculty member at Macalester College, Central Michigan University, and the Universities of Oslo, North Carolina, Minnesota, British Columbia and Rochester.

He received a B.A. in social science and math from Hendrix College, and his A.M. and Ph.D. in economics from Washington University in St. Louis. Gray's primary research interests are the nonprofit and creative sectors, especially social entrepreneurship and the nonprofit arts. He has authored or edited three books, including The Economics of Art and Culture with the late James Heilbrun (3rd ed. forthcoming), and his publications include numerous articles and book chapters. He is editor emeritus of Nonprofit Management and Leadership and is a past president of the Association for Cultural Economics, International.

Gray has been a consultant to the U.S. Department of Justice, the National Endowment for the Arts, the District of Columbia, several Minnesota state agencies and numerous companies, nonprofit organizations, law firms and trade associations.

Fall 2014 Courses
Fall 2014 Courses
Crs - Sec Title Days Time Location
GBEC 600 - 202 Econ of Org and Management - - W - - - - 1800 - 2100 TMH 350
Description of course Econ of Org and Management : CRN: 42742
Economic oncepts offer a foundation for understanding managerial decision making within an organizational context and the interactions of organizations in the marketplace. A broad range of topics and concepts will be integrated into lectures, discussions, and case analyses. Topics include: the theory of the firm, including principal - agent issues and incentive contracts; market (demand and supply) analysis, competitive dynamics and strategy implications, internal and external labor markets, decision making in risk-related environments, and government policies affecting management decisions. The emphasis on the U.S. and on market-based economies will be considered in a global context. Prerequisite: DSCI600 or OPMT 600

Schedule Details

Location Time Day(s)
GBEC 600 - 203 Econ of Org and Management See Details * *
Description of course Econ of Org and Management : CRN: 42743
Economic oncepts offer a foundation for understanding managerial decision making within an organizational context and the interactions of organizations in the marketplace. A broad range of topics and concepts will be integrated into lectures, discussions, and case analyses. Topics include: the theory of the firm, including principal - agent issues and incentive contracts; market (demand and supply) analysis, competitive dynamics and strategy implications, internal and external labor markets, decision making in risk-related environments, and government policies affecting management decisions. The emphasis on the U.S. and on market-based economies will be considered in a global context. Prerequisite: DSCI600 or OPMT 600

Schedule Details

Location Time Day(s)
MCH 1151300-170013 Sep '14
MCH 1151300-170004 Oct '14
MCH 1151300-170025 Oct '14
MCH 1151300-170015 Nov '14
MCH 1151300-170006 Dec '14
J-Term 2015 Courses
J-Term 2015 Courses
Crs - Sec Title Days Time Location
Spring 2015 Courses
Spring 2015 Courses
Crs - Sec Title Days Time Location
GBEC 600 - 202 Econ of Org and Management - - W - - - - 1800 - 2100 SCH 314
Description of course Econ of Org and Management : CRN: 21997
Economic oncepts offer a foundation for understanding managerial decision making within an organizational context and the interactions of organizations in the marketplace. A broad range of topics and concepts will be integrated into lectures, discussions, and case analyses. Topics include: the theory of the firm, including principal - agent issues and incentive contracts; market (demand and supply) analysis, competitive dynamics and strategy implications, internal and external labor markets, decision making in risk-related environments, and government policies affecting management decisions. The emphasis on the U.S. and on market-based economies will be considered in a global context. Prerequisite: DSCI600 or OPMT 600

Schedule Details

Location Time Day(s)
Academic and Professional Positions
  • FINC / Graduate Economics Adjunct Coordinator, University of St. Thomas, St. Paul / Minneapolis (2007 - present)
  • Adjunct Instructor, University of North Carolina - School of Government, Chapel Hill (2009 - present)
  • Professor, University of St. Thomas, St. Paul / Minneapolis (1992 - present)
  • Visiting Professor, University of Rochester - Simon School of Business and Eastman School of Music, Rochester (2002 - 2002)
  • Visiting Professor, University of North Carolina, Chapel Hill (1993 - 1994)
  • Associate Professor with tenure, University of St. Thomas, St. Paul / Minneapolis (1984 - 1992)
  • Visiting Professor, University of British Columbia Department of Economics, Vancouver (1992 - 1992)
  • Assistant Professor, University of St. Thomas, St. Paul / Minneapolis (1979 - 1984)
  • Senior Research Analyst and Staff Economist, Minnesota Crime Control Planning Board (formerly Governor's Commission on Crime Prevention and Contr, St. Paul (1975 - 1979)
  • Adjunct Instructor, University of St. Thomas, St. Paul / Minneapolis (1976 - 1979)
  • Visiting Instructor, Macalester College, St. Paul (1974 - 1975)
  • Planning Coordinator, Co-CEO, Southside Community Enterprises, Minneapolis (1974 - 1975)
  • Visiting Instructor, Macalester College, St. Paul (1974 - 1975)
  • Economist, Federal Reserve Bank of Mpls, Minneapolis (1973 - 1974)
  • Instructor, Transylvania University, Lexington (1971 - 1973)
  • Regional Economist, Federal Reserve Bank of St. Louis, St. Louis (1969 - 1971)

Professional Memberships
  • American Economic Association
  • American Evaluations Association
  • Association for Cultural Economics
  • International Association for Art & Cultural Management
  • International Society for Third-Sector Research
  • Association for Research on Nonprofit Organizations and Voluntary Action

Professional Service
  • Midwest Center for Nonprofit Leadership,
  • Humanities of Netherlands Organisation for Scientific Research (the Dutch Research Council), Reviewer
  • National Center on Nonprofit Enterprise - Academic Advisory,

Public Service
  • Tubman Family Alliance - Strategic Planning, Committee Member

Publications
  • Gray, C. M. (1998). Hope for the future? Childhood exposure to the arts and adult visits to art museums. Journal of Cultural Economics, (22),

Books and Chapters
  • Combs, K. L., & Gray, C. M. (2007). Managerial economics and organizational architecture 4th ed. McGraw-Hill
  • Combs, K. L., Gray, C. M., & Spry, J. A. (2007). Updated managerial economics and organizational architecture test bank. McGraw-Hill
  • Gray, C. M. (2007). Financing Nonprofits: Putting Theory into Practice. In Dennis Young (Ed.), Gifts in kind and other illiquid assets Ch 10 (pp. 227-241). AltaMira Press
  • Oster, S. M., Gray, C. M., & Weinberg, C. (2004). Effective Economic Decision Making by Nonprofit Organizations. In Dennis R. Young (Ed.), Pricing in the nonprofit sector Ch 2 (pp. 27-45). The Foundation Center
  • Gray, C. M. (2002). Handbook of Cultural Economics. In Ruth Towse (Ed.), Public Participation in the Arts. Edward Elgar
  • Gray, C. M., & Heilbrun, J. (2001). The economics of art and culture 2nd ed. Cambridge University Press
  • Gray, C. M., & Heilbrun, J. (1993). The economics of art and culture. Cambridge University Press

Research Interests
  • Economic Markets - Domestic
  • Governance
  • Public Finance
  • Nonprofit Management
  • Social Entrepreneurship

Awards and Honors
  • UST University Scholar award, 2004
  • UST University Scholar award,, 2003
  • UST University Scholar award,, 2002
  • UST University Scholar award,, 2001

Presentations