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Tag: Economics

The Krueger/Card Studies

Very sadly, Princeton labor economist Alan Krueger died by suicide last week.  Krueger was much-loved in the profession. He produced an enormous amount of work on the minimum wage and for a couple of years served as Chair of President Obama’s Council of Economic Advisers.  He also thought a lot about education and famously declared in one paper (co-authored with Stacy Dale) that the effects of attending an extremely selective university (i.e. one of the top Ivy League Schools) on

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March 26, 2019 No Comments

Social Science in Capital-less Capitalism

Capitalism without Capital is the title of an intriguing new book from Jonathan Haskel and Stian Westlake.  The book documents the rise of an economy where more and more value resides in intangibles rather than tangibles (note: intangibles doesn’t necessarily just mean digital products and services – it can also mean things like branding, design, and business processes).  This isn’t the first time someone has made this observation – Charles Leadbetter’s Living on Thin Air comes to mind – but it is the

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December 4, 2017 2 Comments

Four Mega-trends in International Higher Education – Economics

If there’s one word everyone can agree upon when talking about international education, it’s “expensive”. Moving across borders to go to school isn’t cheap and so it’s no surprise that international education really got big certain after large developing countries (mainly but not exclusively China and India) started getting rich in the early 2000s. How rich did these countries get? Well, for a while, they got very rich indeed. Figure 1 shows per capita income for twelve significant student exporting

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February 17, 2017 2 Comments

Canadian B-Schools and Economic Growth

If there is one thing university Presidents desire, it is to be useful to society – and preferably to the government of the day, too.  After all, post-Humboldt, universities exist to strengthen the state.  The better a university does that, the more it will be appreciated and, hopefully, the better funded it will be.  So it has always struck me as a bit odd how little universities (an business schools in particular) have really done in order to help work

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May 18, 2016 2 Comments

What’s Going On With College Graduates in Ontario?

I see that Ken Coates and Bill Morrison have just written a new book  called Dream Factories: Why Universities Won’t Solve The Youth Jobs Crisis.  I haven’t read it yet, but judging by the title I’d assume that it makes pretty much the same argument Coates made back in this 2015 paper  for the Canadian Council of Chief Executives, which in effect was “fewer university students, more tradespeople!” (my critique of this paper is here) With the fall in commodity prices, it’s

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May 2, 2016 No Comments

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