Tag: Economics

Two Economies, Two Universities

There’s an interesting debate going on in American policy circles based on arguments Tyler Cowen advanced in his recent book The Great Stagnation, one with enormous relevance for thinking about the future of the university. The argument is that there are two economies in America today. The first (call it “Economy I”) is composed of the sectors dealing in globally traded goods, which are required to be extremely inventive and dynamic because of the pressure of foreign competition. It is

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The Economics of Non-Traditional Degree Programs

There was an interesting report out of the U.K.’s University and College Union (roughly the equivalent of our CAUT) last week, describing how the number of English degree programs (which, confusingly for us, are called “courses” over there) has fallen by a quarter in the last six years. The back-and-forth in the media between talking heads on this story was quite amusing, with a leftish union rallying around the banner of “choice” and a right-wing government claiming that the raw

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Two Memes About Science

The last few weeks have seen the emergence of two very interesting memes about science, both of which have the potential to radically re-shape higher education. The first is from Peter Thiel, a venture capitalist famed for having invested early in Facebook. Yes, he often comes off as a self-promoting jerk, but a recent speech he made on the subject of the slowdown in the development of technology (and the associated National Review article) is very much worth reading. Riffing

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Recession Not Going As Planned

About two-and-a-half years ago I (along with my colleague Ryan Dunn) wrote a piece called On the Brink, which considered the then-looming recession and its effects on universities. Looking back on it now, I think we were mostly correct, with two exceptions. First, I think we overestimated most governments’ desire to stay out of the red. Clearly, as a country, we may not have learned the lessons of the early 1990s as well as we might: governments have proven more

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