Tag: Economics

The Age of Volatility

Morning all.  Yes, the summer is over and classes are returning, but fortunately your daily intake of higher education commentary/snark/contrarianism is back as well.  I missed you guys, too. Anyways, welcome to the 2022-23 academic year.  This was supposed to be the year we got back to “normal”.  And the occasional campus mask mandate aside (which I fully approve), on the surface maybe this year will feel a bit 2019-ish.  But if you look underneath the hood, things are not

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Coronavirus (19, but Time is a Flat Circle). Shovel This.

Today I want to talk about economic stimulus and what that is likely to look like for universities and colleges. To be clear, the $100 billion plus in money which has gone out the door so far in emergency benefits, wage subsidies, and various other programs, is not stimulus.  What we are doing now is – in the words of the excellent Jennifer Robson – more like inducing a medical coma; keep the patient (the economy) in a kind of low-functioning stasis

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Coronavirus (16) – Shared Sacrifice

Lots of people are gaming out what post-Corona looks like economically.  Increasingly, we seem to have consensus that 2020 will be the worst year for the global economy since the early 1930s, with GDP drops for the year landing somewhere between 5-10%.  There is considerable debate about the speed of the bounce-back, with people talking about recoveries that V-shaped (i.e. quick), U-shaped (not so quick), or bathtub-shaped. We could be in this a long time: no one really knows the

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The Canadian Intangibles Agenda

A few months ago, the Public Policy Forum released an intriguing paper by Robert Asselin and Sean Speer called A New North Star: Canadian Competitiveness in an Intangibles Economy.  For various reasons, I never quite got round to reviewing it at the time, but it’s worth examining because once we get over superclusters (please, let’s all get over superclusters), the country is going to be looking for some new organizing framework for innovation and growth policy. I suspect that this “intangibles”

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Honing the University Party’s Growth Agenda

It’s election season, and so everyone is trotting out promises and coming up with manifestos. These manifestos are lists of specific promised policy initiatives, but they are also – implicitly – a description of how a political party sees the world – how it conceives of a better society and what steps it thinks are needed to get there.   Universities are not political parties, of course, but if we look at what they and their representative bodies in Ottawa (Universities

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