Advice for young academics as the US university system contracts
Posted by Terra Nova [HTML][XML][PERM][FULL] on 27 March 2012, 10:41 am
You're hearing it more and more: There's a higher-education bubble. Remember bubbles? They're those things that pop and cause catastrophes. In 2008, the housing finance bubble popped and we're still dealing with the effects. Personally, I think the 4th straight year of economic molasses has a lot to do with long-run trends in technology and the negative effect of the internet on aggregate demand. People who spend all day surfing and tweeting and playing just don't buy as much stuff. They're certainly exposed to a lot less advertising. But still, even when long-run trends are downward, the economy tends to...

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