Dr. Ray Perryman

Dr. Ray Perryman is President and CEO of The Perryman Group, an economic research and analysis firm based in Waco, Texas.

He holds a BS in Mathematics from Baylor University and a PhD in Economics from Rice University. He always felt that the BS would have been somehow more appropriate for Economics. He took his first economics course on a coin flip between economics and psychology. If it had gone the other way, there might be some really messed up people in the world. In addition to his earned degrees, Dr. Perryman has received an honorary doctorate from the International Institute for Advanced Studies. After that one, he told his kids they had to start calling him “Doctor Doctor.” They preferred dork, dweeb, nerd, geek, and loser (on a good day).

Dr. Perryman has held numerous academic positions in his career, including ten years as Herman Brown Professor of Economics and five years as University Professor and Economist-in-Residence at Baylor University, as well as five years as Business Economist-in-Residence at Southern Methodist University. He has authored several books and more than 400 academic papers, and has served as President of both the Southwestern Economic Association and the Southwestern Society of Economists. His current academic roles include Senior Research Fellow of the IC²Institute of the University of Texas and Institute Distinguished Professor of Economic Theory and Method at the International Institute for Advanced Studies. He also lives in Odessa while working in Waco, is the father of five young Texans (ages 33-38—although some temporarily reside elsewhere) and the grandfather of five, gets lost on his own block (he lives on a circle), and once ran one of his cars into the other one.

In the professional arena, Dr. Perryman has authored more than 2,500 trade articles, publishes a subscription forecasting service and a monthly newsletter, writes a weekly syndicated newspaper column, hosts a daily radio commentary, and appears regularly on National Public Radio (NPR). His firm engages in a broad range of complex projects for major corporate and governmental interests and has served the needs of more than 2,500 clients, including 10 cabinet departments, over half of the Fortune 100, two-thirds of the Global 25, and the 12 largest technology firms, six largest energy companies, and the five largest financial institutions in the world. In other words, he is an obsessive-compulsive workaholic.

Dr. Perryman has been called a “genius” by The Wall Street Journal, a “world class scholar” by Business Week, the “unofficial state economist” by The New York Times,  “the most quoted man in Texas” by Texas Monthly, “the conscience of Texas” by NPR, and, his personal favorite, “the state’s premiere barbecue connoisseur” by The Dallas Morning News. What his wife calls him can’t be repeated in mixed company.

Dr. Perryman has received hundreds of prestigious awards for his academic and professional efforts. He has been named the Outstanding Young Economist and Social Scientist in the US, the Outstanding Young Person in the World in Business and Economic Innovation, one of Ten Outstanding Young Americans and Ten Outstanding Young Persons in the World. It is highly unlikely that he will ever receive another award with the word “Young” in it, or even “Middle-Aged” for that matter.

Dr. Perryman has been honored by The Democracy Foundation for his role in promoting capitalism in China, The Asia and World Institute for promoting international trade and academic exchange, and the Systems Research Foundation for his contributions to the field of modeling (that would be “economic” modeling, not “fashion” modeling; he seems to think there might be some confusion). He has also received the Lifetime Achievement Award from the International Institute for Advanced Studies. He was skeptical about that one, thinking it was something you received just before you croaked. He has never played in the NBA, but he has played in Wilson Pickett’s band, sang the National Anthem at a Cubs game at Wrigley Field, and had his name and picture in lights on the marquee in Times Square.

Dr. Perryman has received citations from governments around the world, presidents, governors, Congress, and national and state administrative and legislative bodies, and has been nominated for the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (Nobel Memorial Prize in Economics). He has received far more citations from the Texas Department of Public Safety.

Some of his most gratifying work has been in the field of economic development, where he has played a key role in the creation of hundreds of thousands of jobs. He is pleased that, at long last, some of his kids actually hold some of those jobs. He devotes a substantial portion of his time to pro bono efforts seeking solutions to major social problems such as poverty, hunger, indigent health care, and child maltreatment. He is a past recipient of the Outstanding Texas Leader Award and has been honored by the Texas Legislature for his “tireless efforts in helping to build a better Texas.”  Dr. Perryman was selected as the 2012 Texan of the Year by the Texas Legislative Conference, received the 2013 Baylor University Distinguished Service Medal, was inducted into the Texas Leadership Hall of Fame in 2014, received the 2016 Cesar E. Chavez Legacy Award for his humanitarian efforts, was named the Most Dynamic Economic Researcher in the US in 2018 by Global Business Insights, received the 2019 Chairman’s Award for Lifetime Achievement in Economic Development from the International Economic Development Council, was selected for the 2019 “Go Global” Award from the International Trade Council as the outstanding global economic analyst for his work on trade, energy, the environment, and other international issues, and named the Best Economic Research Service in the US in 2021 by Corp Today Magazine. He is also an honorary Kilgore Rangerette, although his high kick leaves a lot to be desired, so he is not yet on the traveling squad (but there is always next year!!).